Canada's Sluggish Economy Sparks Calls for Tax Overhaul
Canada's tax system is in need of an overhaul, according to economists and tax experts. The Tax and Effect series by The Globe and Mail aims to explore policy choices that could boost the economy and improve Canadians' lives.
Economists have suggested cutting personal income taxes and raising the Goods and Services Tax (GST) as a possible solution to kickstart Canada's sluggish economy. This proposal is part of a broader discussion on tax system reform, which involves tracking where taxpayers' dollars go and considering innovative ideas from other governments.
A Q&A session will take place on September 29 at 11 a.m. ET, where personal economics reporter Erica Alini and editorials editor Patrick Brethour will answer reader questions on Canada's tax system, proposed solutions, and international examples of successful tax reforms.