On July 1, 2006, the federal government reduced the GST rate but raised the income tax rate
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On July 1, 2006, the federal government reduced the GST rate but raised the income tax rate in the lowest tax bracket to help make up for the lost revenues. Discuss the possible effects of this reform on the incentives to save and to work.
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The higher income tax rate applies to interest income and lab...View the full answer
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Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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