Taxing the 1%: A Cautionary Tale for Canada Finance Minister
- Quebec saw high-income earners depart after tax increases
- Trudeau's Liberals won majority last month on similar pledge
This article is for subscribers only.
As Bill Morneau takes over the reins of Canada’s finance ministry, among his thorniest tasks will be to implement Prime Minister Justin Trudeau’s pledge to introduce a higher tax rate for the country’s top earners.
Data released by Statistics Canada this week show the costs of moving ahead.