With the federal budget tabled, it's time to talk about the big-ticket items, says Nova Scotia Finance Minister Allan MacMaster.
“I think this government has lived beyond its means in recent years and has added significantly to the debt of the country."“We have a progressive tax system in Canada and all the provinces are part of it," said MacMaster."People who earn more are generally taxed already." Other countries have excess-profit tax. He says Canada has the lowest marginal effective tax rates in the G7.
Osberg said those changes are welcome but don’t go far enough, noting that three-quarters of capital gains were subject to tax in the 1980s and early 1990s. The economist says he's also frustrated by what he calls government spin around the budget. The Liberals have focused on the economic gap between millennials and Generation Z at the bottom and older demographics at the top.