VANCOUVER—If the federal government introduces a wealth tax, it would reduce economic growth, hamper the country’s recovery, and is unnecessary given the wealth inequality gap in Canada is already shrinking, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Rhetoric about a growing wealth gap in Canada and the supposed need for a wealth tax has been imported from the United States without any evidence to support it. The fact is Canada’s wealth gap is actually shrinking,” said Philip Cross, a senior fellow with the Fraser Institute and author of Does Canada Need a Wealth Tax?
