FUSS AND PALACIOS: Cutting taxes in upcoming federal budget would spur economic growth
According to the Trudeau government’s projections, economic growth in Canada will remain anemic for the foreseeable future. Indeed, from 2013 to 2022 (the most recent 10-year period of available data), per-person economic growth — a broad measure of living standards — was at its lowest rate since the Great Depression in the 1930s.
Slow economic growth means slower growth in employment, incomes and living standards for Canadians. But there’s good news. The future trajectory of Canada’s economy is not set in stone and the Trudeau government, which will table its next budget on April 16, has several policy options to stimulate growth including tax reform — specifically, reducing income taxes and eliminating several tax credits.
Ottawa has not made meaningful changes to the federal personal income tax (PIT) system in decades. The last fundamental........
© Edmonton Sun
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