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Sunday 23 September 2018

Tax plans for Canada, in decline | National Post

Author: James Alexander Michie

The high tax plans in addition to the high deficit and low growth of Trudeau are worrying as they are falling, likewise, Canada's fiscal policy is in ruins and its fiscal situation is deteriorating.

In the 2015 election campaign, Canadians were promised a balanced budget, albeit with some tax changes that favor low-income people. In addition to this, the Liberals said they would have a short-term deficit to cover investments in infrastructure generating employment while also claiming that they would lose $ 3 billion by cutting the second tax bracket, in revenues between $ 45,283 and $ 90,563, of the 22 percent to 20.5 percent, and that they would also recover it completely by increasing the maximum rate. But only weeks after the government had only been installed, when the finance department sinisterly declared that this exchange would not be a neutral net income. 

However, during 2016, the first full year of the liberal tax changes, the second parental tax reduction appears to have lost $ 817 million and the total income from personal income tax decreased by $ 5 billion.

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