A new report suggests that taxing wages and investment income separately would help balance Canada’s wealth inequality. The research paper from C.D. Howe Institute says that there should be a flat rate for income from investments while at the same time closing the tax avoiding routes taken by high earners. Author Kevin Milligan also suggests new tax brackets at $250,000 and $400,000. He believes that these measures would lead to further tax reforms that would bring Canada’s 1960’s tax system in step with modern economics.
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