Quote:
Originally Posted by YOWetal
I doubt Canada is the first to launch some kind of generational tax advanatage.
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This is actually exactly what one of Harper's economic advisors suggested. He suggested making the first $250k of income tax free. He saw it as a way of counteracting the advantage of the land wealthy cohort. And it passes the progressivity test because somebody making six figures will burn out that allowance in 2-3 years. Somebody having trouble getting on their feet will get more runway. It also helps younger people at exactly the point when they have the most expenses and the least income. Be that education debts, starting a business or saving for a home. You shouldn't be surprised if this is proposed.
And really, what's a voter like you going to do? Vote for the Liberals? Given the vote surge, the CPC has a generational opportunity here to supplant the LPC. They should absolutely take advantage of it.