Quote:
Originally Posted by GP_Matt
The National Post had a great proposal out today to ax a bunch of the targeted tax breaks. It would generate an additional $23 billion in tax revenue that could be used to bring the 22% and 26% tax brackets down to 15% leaving only two tax brackets in Canada.
http://news.nationalpost.com/2015/01...ment-billions/
It is federal, but how many tax credits do we have in Alberta that could be eliminated? |
That report is from the Fraser Institute. Here's a link to the full study if anyone is interested:
http://www.fraserinstitute.org/resea....aspx?id=22098
Personally, I think it's a good idea - so many tax credits and deductions are dumb and drive no behaviour change (child fitness / arts credit is the worst offender).