HARPER TAX

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Harper's Made Alphabet Soup of our Tax System

The conclusion of a study in the Canadian Tax Journal that Tax Free Savings Accounts (TFSAs) have become yet another tax break that favours high-income Canadians should come as no surprise. Since 2006, the Harper government has worsened the alphabet soup of exemptions and tax credits that passes for our tax system, by essentially bribing certain segments of the population.