TERRAZZANO: Canada needs some serious tax cuts in 2026 |
The federal government is cutting income taxes, but it is also hiking payroll taxes
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What Prime Minister Mark Carney gives with his left hand, he takes away with his right hand.
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Canadians are already overtaxed and need significant tax cuts to make life more affordable and improve our economy’s competitiveness. But at best, the New Year will bring a mixed bag for Canadian taxpayers.
The federal government is cutting income taxes, but it is also hiking payroll taxes. The government cancelled the consumer carbon tax, but it’s hammering Canadian businesses with a higher industrial carbon tax.
The federal government cut the lowest income tax bracket from 15% to 14%. That will save the average taxpayer $190 in 2026, according to........