The case for federal personal income tax reform in Canada

On the 100th anniversary of Canada’s federal personal income tax (PIT), the federal government would be wise to consider reforming personal income taxes by eliminating several “tax expenditures” (tax credits, deductions and other special treatments) and using the revenues to fund broad-based reductions in marginal income tax rates.Why tax reform now?Canada’s economic performance has been sluggish for many years and is projected to remain modest for the foreseeable term. A tax reform plan that improves incentives to work, save, invest and undertake entrepreneurial activities can help enhance economic growth. Indeed, a large body of research shows that broad-based reductions in

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