Since coming to power the Liberals have proposed or at least contemplated three separate reforms to Canada’s complex, inequitable, preference-riddled tax system. Unlike the others, it did so not by closing tax preferences, but by raising the rate of tax itself. That’s how the tax system got so full of preferences in the first place. There are two approaches to tax reform: triage and big bang. In the current reform, there are only “losers,” and no perceived “winners.”So perhaps it’s time to consider a broader reform of the tax system.

Source: National Post September 01, 2017 23:55 UTC