Ontario’s personal income tax rate hike may have prevented 2,158 new businesses from starting
The Effects on Entrepreneurship of Increasing Provincial Top Personal Income Tax Rates in Canada
By Fraser Institute —— Bio and Archives--July 10, 2018
Canadian News, Opinion | Comments | Back To Full Article
TORONTO—The Ontario government’s increase to the province’s top personal income tax rate in 2013 may have prevented more than 2,000 new businesses from starting in the province, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Tax hikes by the previous government at Queen’s Park discouraged entrepreneurs from starting thousands of new businesses, which are vital for economic growth and prosperity and drive innovation,” said Charles Lammam, director of fiscal studies at the Fraser Institute.Welcome to CFP’s Comment Section!
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