I have a question for those who want all tax loop holes closed.
Do you consider the charitable tax credit to be a loop hole? What about a tax break that encourages a company to move to an area of high unemployment? The northern living allowance that helps offset the high cost of transporting goods and people to the far north? One of my favorite loop holes is the RRSP and TFSA programs.
I love the idea of a tax code that could fit on a single sheet of paper but in reality, most of the so called loop holes have been created to solve a problem.
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