One of the more encouraging trends in the Conservative leadership race has been the revival of interest in cutting personal income taxes. But he’d bring in his income tax cut in year one: the “revenue-neutral” carbon tax is actually revenue-negative throughout the phase-in period. But some measures sometimes identified as tax expenditures — RRSPs, for example — in fact make the tax system more neutral. But the children’s fitness tax credit, the volunteer firefighter’s tax credit, the public transit tax credit, the political contribution tax credit, the age credit (why give every old person a tax credit, whether they’re rich or poor? But in return for a 10-per-cent federal income tax?

Source: National Post March 07, 2017 02:03 UTC