Compliance costs and complexity in Canada’s personal income tax

It’s clear that much has changed since the personal income tax (PIT) was first introduced in 1917. Governments now rely significantly more on this revenue source than they did then. For instance, the federal government now relies on the PIT for approximately half of its total revenue, up from about 3 per cent in 1918. In 2015/16, the federal government alone collected $145 billion in PIT. This is on top of the over $90 billion in PIT revenue collectively collected by the provinces.However, the PIT imposes significant costs by beyond the tax dollars extracted by governments. An important cost is

Read More - The Fraser Institute