We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Tax Views: How fair is progressive taxation? | Vern Krishna

Monday, October 23, 2017 @ 8:49 AM | By Vern Krishna

The public debate on “fair taxation” has escalated since the Minister of Finance, Bill Morneau, started his political campaign against professional corporations that pay tax at lower tax rates (about 15 per cent) than individuals who operate their businesses without corporate structures and pay at marginal rates as high as 53 per cent. The differential in tax rates goes back some policy decisions stemming from the Carter Commission in 1966, which the Liberal government adopted in 1972 as the foundation of our corporate tax system....