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LILLEY: 5 tax changes Mark Carney should make, but probably won't

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thursday

On Tuesday, Mark Carney and his finance minister, François-Philippe Champagne, have the opportunity to use their budget to unleash Canada’s economy using the tax system. There are simple measures they could take, some big and some small, that would boost Canada’s economy at time when that is desperately needed.

The best part of all, it wouldn’t require new government spending or new government programs, just tax cuts and changes. Former Liberal PM Jean Chretien loved using tax cuts to boost the economy and Carney should follow suit.

Here are five tax changes the government could, and should make, but probably won’t.

These days when people talk about cutting personal income taxes, they mostly speak about cutting at the lower income level with a rate cut or increasing the basic personal exemption. Those are all good, and the government should consider those ideas but right now they should cut taxes for the........

© Edmonton Sun