Wealth Surtax Worth $23B/yr

A yearly surtax on the wealthiest Canadians would raise tens of billions but have an unpredictable “behavioural response,” the Budget Office said yesterday. New Democrat and Green MPs have advocated a wealth tax on multi-millionaires and billionaires: “It is easy and wonderful to say to people we are going to tax the wealthiest and we are going to do this, do that.”

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