The basic structure of the Canadian personal and corporate tax system is informed by principles that were prevalent at the time of the Carter report. These principles include taxation based on the ability to pay, which supports comprehensive income taxation as the ideal base, accompanied by a...

This paper explores the potential role for a wealth tax as part of the mix of taxes applying to assets in the Canadian tax system. The existing system taxes assets in a variety of ways. Asset incomes, such as interest, dividends, capital gains, and profits, are taxed in the income tax system,...