The Decline of the Canadian Income Tax System

Recently the Senate Committee on Banking, Trade and Commerce released its report – “Canada Still Open for Business?” Among other things, the Report recommended that the Federal government should:

1)     ensure Canada’s economy is not jeopardized by US Tax Reform; and

2)     make a review of the Canadian tax system a priority.

The report was authored by Conservative Senators and may well be dismissed on that basis. However it is not just Conservatives that have been warning our government of the dangers of their stewardship of Canada’s economy and tax system.