Description: Canadians are anticipating some personal income tax changes following Justin Trudeau’s election victory on October 19. The Prime Minister designate campaigned on a platform of tax breaks for the middle class while stating his intention to raise the rates of the highest income earners. All this has prompted New Brunswick’s Finance Minister, Roger Melanson, to speculate that the province may have to cut its top marginal tax rate to avoide taxing the wealthiest at a combined rate exceeding 50%.
Date: October 22, 2015
1) Were you surprised by the recent Canadian federal election results?
2) What tax measures do you think should be implemented by the new government?
3) What is your opinion regarding setting tax rates? Is there a number – such as a 50% rate – that you think will negatively impact investment in a province?