Today, the CTF released a groundbreaking study urging the federal government to enact a multi-year tax reform/relief plan. The report calls on Ottawa to reduce personal income taxes and cut the number of tax brackets from four to two while maintaining only a handful of deductions like RRSP, spousal and child allowances. The goal is to both simplify the tax code while lowering the personal income tax burden in a manner that strengthens the Canadian economy.
Coles Notes Version: The tax code should be simpler and the tax burden should be lower!
Read the rest here.
Note: This plan is not likely to be endorsed by CRA bureaucrats, lovers of incentive-based tax policy, or the entire accounting industry.
Thursday, January 17, 2008
Posted by Adam Taylor at 10:07 AM
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