By Fraser Institute —— Bio and Archives--March 19, 2024
VANCOUVER—The federal government can reduce the top marginal income tax rate to 29.0 per cent—where it was before the Trudeau government increased it—and completely eliminate the three middle income tax rates of 20.5 per cent, 26.0 per cent, and 29.0 per cent by reforming and simplifying the tax code, finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“With this plan for tax reform, the federal government could create a more pro-growth-environment than Canadians are presently living in,” said Jake Fuss, director of fiscal policy at the Fraser Institute and study co-author of Enhancing Economic Growth Through Federal Personal Income Tax Reform.
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