Alberta has been lowering taxes since 1997 and on Jan. 1 it became the first province to switch to a single-rate income tax system, dropping the levy to 10% from an originally planned 10.5%.
The impact of Canadian think tanks on policy and elections has never been greater. We take a look at five of the most influential creators – and marketers – of the ideas shaping our country.
The only plan that comes closest to the major tax cuts needed to discourage movement of our most valuable tax base – well-paid and educated people — to Alberta and Ontario and to compensate Manitobans for years of bracket creep.
A famous economist once said: “There is no such thing as a free lunch”. He was right. So beware of elected officials who skirt the sad results of excessive property taxation by offering high profile “freebies”. It’s another reason your house in Winnipeg suffers from the lowest property values in Canada.
Despite popular perceptions, evidence suggests that top-level individuals in government service are drastically underpaid compared to their private sector counterparts.