Taxes

— Oct 10, 2024
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Boosting Canada's Competitiveness by Reforming Business Taxation

Boosting Canada’s Competitiveness by Reforming Business Taxation suggests that only taxing profit disbursements for businesses, which include dividend payments, share buybacks, and bonuses, rather than taxing all business profits, would lead to greater business investment, increasing worker productivity, growth in the economy, and ultimately raise living standards for Canadians.

— Sep 12, 2024
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A Transformational Tax Policy for Atlantic Canada

A Transformational Tax Policy for Atlantic Canada: Corporate Income Tax Relief is a new study that finds reducing the corporate income tax (CIT) rate in all four Atlantic provinces to eight per cent—which would match the current lowest rate in Alberta—would result in large economic benefits, including economic growth and higher wages.

— Aug 9, 2024
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Reforming British Columbia’s Carbon Tax Plan

Reforming British Columbia’s Carbon Tax Plan is the latest installment in the Institute’s series spotlighting potential policy reforms for British Columbia. It shows that BC’s current carbon tax has serious design flaws that unnecessarily harm the economy, and highlights ways the province could mitigate those negative economic impacts, while still achieving its goal.

— Jul 30, 2024
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Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2024 edition finds that in 2023, the average Canadian family earned an income of $109,235 and paid in total taxes equaling $46,988. In other words, the average Canadian family spent 43.0 per cent of its income on taxes compared to 35.6 per cent on basic necessities.

— Jul 16, 2024
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New Federal Fiscal Framework for Canada

A New Federal Fiscal Framework for Canada finds that if the federal government reduced program spending by only 2.3 per cent over two years and eliminated a host of tax expenditures, it could balance the budget and reduce personal income tax rates affecting most Canadians.

— Jul 3, 2024
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Measuring Progressivity in Canada’s Tax System, 2024

Measuring Progressivity in Canada’s Tax System, 2024 finds that despite common misperception, the top 20 per cent of income-earning families pay a larger share of total taxes (54.2 per cent) than their share of income (46.4 per cent).

Taxes Research Experts