Tax Alerts

Liberals Win! Let's look at tax!

Now with a Liberal majority (congratulations), let’s look at their platform to try to figure out the possible tax implications.

But first… here is my take.

The Liberal Tax Plan is definitely an ‘income redistribution’ plan. Taking from the “1%” and giving to the “middle class”. Unfortunately, this plan is not targeting just the 1%; it is targeting those who aspire to be the 1%. The 1% test is actually meant to refer to wealth. There are also a number of measures that will catch others along the way.

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