Trudeau to Gain Where Provinces Lose on Taxing 1%: Adviser

Taxing the highest-income earners in Canada has become vogue, on the grounds they have more resources to handle the burden of raising much needed revenue for governments.

Seven of the nation’s 10 provinces have adopted higher taxes on the so-called rich since 2010, with mixed success. Even so, Prime Minister Justin Trudeau’s Liberal Party won elections in October partly on a plan to do the same at the federal level.