The current federal government has embraced an activist approach to tax policy, using it as a social engineering tool to influence behaviour and advance the Liberals’ progressive agenda. But the downsides of this interventionist strategy to our tax system are becoming increasingly apparent.
Ottawa’s approach has resulted in confounding complexity, rising compliance and administrative burdens, and a global view that Canada is not a very welcoming place to do business. We should instead pursue tax reforms that improve our business climate and make this country a more compelling destination for investment.
