Wealth taxes might sound like low hanging fruit, but don't be fooled. They can trigger problematic responses from the people they target. They're an administrative nightmare. And they just plain don't bring in as much revenue as their proponents hope

Wealth taxes never seem to work out as planned

By Canadian Taxpayers Federation -- Aaron Wudrick, Federal Director—— Bio and Archives--September 25, 2019

Canadian News, Politics | Comments | Back To Full Article

It's a timeless principle of electioneering: there will never be a more politically appealing group to put in the taxman's crosshairs than the "super-rich." It's no surprise that NDP Leader Jagmeet Singh recently targeted the wealthy in his party's major campaign planks and proposed a new one per cent wealth tax on families with more than $20 million in assets. According to an analysis by the Parliamentary Budget Officer (PBO), this new tax could raise billions of dollars annually.

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