Lack of inflation indexing on more than 200 items amounts to 'hidden tax,' report says

1 month ago 11

A comprehensive approach to indexation would promote greater consistency across the Income Tax Act, reduce the need for ad hoc legislative adjustments and provide taxpayers with greater certainty.

While most income tax brackets , amounts, and thresholds are indexed to inflation , a recent analysis conducted by the Society of Trust and Estate Practitioners (STEP) of Canada found...

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Lack of inflation indexing on more than 200 items amounts to 'hidden tax,' report says

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