Major changes to Canada’s federal personal income tax—1917-2017

As a result of the funding demands of the First World War, Canada’s federal government introduced both a personal and corporate income tax in 1917. The advent of the personal income tax in particular marked a significant shift in federal taxation philosophy.In the first years of Confederation, it was felt that taxing incomes would detract from Canada’s competitive position as one of the lowest taxed countries in the world. Indeed, it’s worth noting that Canada’s federal personal income tax only came into being once the United States brought in its own income tax in 1913. This post highlights some of

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