What the Government Doesn't Want You to Know About Debt | Do Wealthy Canadians Pay Their Fair Share of Tax?
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What the Government Doesn't Want You to Know About Debt | Do Wealthy Canadians Pay Their Fair Share of Tax?
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On today’s episode, Darren is joined by Jake Fuss, Director of Fiscal Studies for the Fraser Institute. Darren and Jake chat about the common assumption that wealthy Canadians don’t pay their fair share in tax, as well as what the average Canadian pays in tax per year, Jake’s thoughts on Canadian debt as well as what type of tax policy or reform he thinks will revitalize Canada. Tune in now, this interview was incredibly informative!
Show notes:
00:00 - Introduction
1:05 - Do wealthy Canadians pay their fair share of taxes?
3:30 - Average Canadian tax bill
5:25 - Capital gains and expenditures
7:20 - Less and less money is being invested in Canada, what are the long term consequences?
9:30 - Is Canada actually doing a “great job” with our debt?
14:00 - Canada’s economic growth: the real numbers
15:50 - Canada’s productivity gap vs. the USA
17:35 - What sort of tax policy reform could revitalize Canada?
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