Eroding Tax Fairness
TORONTO – More than a decade’s worth of tax cuts have disproportionately lined the pockets of Canada’s most affluent families, says a new tax study by the Canadian Centre for Policy Alternatives (CCPA).
The study finds the top 1 percent of families in 2005 paid a lower total tax rate than the bottom 10 percent of families.
“Canada’s tax system now fails a basic test of fairness,” says Marc Lee, senior economist with the CCPA’s B.C. office and author of the study. “Tax cuts have contributed to a slow and steady shift to a less progressive tax system in Canada.”