Ontario is left with few options to fix its revenue problem

Tuesday, August 5, 2014

When it comes to seeking new revenues, some politicians like to claim that economic growth will somehow increase and greater tax revenues will naturally follow. More growth would certainly be nice, but it isn’t something a government can just will into being. The Ontario government needs to find more revenues in the actual economy, not some fantasy one.

Ms. Wynne will therefore be thinking about raising tax rates. And she will immediately encounter a tension between which taxes are least economically damaging and which are least politically unpopular. But there is nothing surprising here – most discussions about taxes have to address this tension.

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