Episode 261: Do the Wealthy Pay Their Fair Share in Taxes?

Welcome to this week’s episode of Think Smart with TMFG, your go-to podcast for newsworthy and relevant discussions for everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the controversial topic of whether wealthy individuals in Canada are paying enough income tax.

Inspired by a Globe and Mail opinion piece, Rob and Mike explore the recent government proposals to increase the capital inclusion rate from 50% to 67%, and its potential impact on individuals and corporations. They break down the tax contributions of various income groups, from the top 0.01% to the top 10%, and discuss the broader implications for the Canadian economy, including inflation, unemployment, and charitable contributions.

Don’t miss this insightful analysis of the complexities of tax policies and their far-reaching effects. Tune in and learn how these changes could affect you and the Canadian financial landscape.

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