So much for lower taxes on Canada’s middle class

In the lead up to the federal election, the Liberals campaigned on cutting taxes for Canada’s middle class. Once elected, the Liberals did reduce the income tax rate on the second-lowest federal tax bracket from 22 to 20.5 per cent. However, the Liberals also implemented or announced a host of tax hikes that will more than wipe out the benefits of the income tax cut, leaving less money in the pocket of Canadians.The latest tax increase announced is the payroll tax hike to finance the expansion of the Canada Pension Plan (CPP). Unfortunately, the impact that the CPP’s expansion will

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