The government offset the benefits of the lower tax rate by eliminating tax credits.
Low-income individuals and families facing high METRs would benefit from lower claw-back rates.
The Trudeau government will give nearly $600 million worth of new tax credits and incentives to Canada’s media industry.
More than 80 per cent of middle-class families have experienced an increase in their federal income taxes.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
In 1917, the Income Tax Act contained 3,999 words—by 2016, it ballooned to 1,029,042 words.
The Trudeau government eliminated a number of tax credits, thereby increasing income taxes for some Canadians.
The government eliminated the children’s fitness tax credit, the education tax credit and more.
The cost of complying with Canada’s personal income tax system is roughly $501 per household each year.