Business

Taxpayers federation releases framework for economic recovery

By Richmond Sentinel

Published 11:07 PDT, Thu September 17, 2020

Last Updated: 1:28 PDT, Wed October 7, 2020

The Canadian Taxpayers Federation has released a framework for Canada’s economic recovery, with recommendations to reduce federal government spending and cut taxes.

“A successful and sustainable economic recovery can only be led by Canadian families and Canadian businesses,” said the federation’s federal director Aaron Wudrick. “The best way to do that is lighten the tax burden on struggling Canadians.”

The federation’s “Road to Recovery” framework is comprised of two major elements:

• Winding down emergency measures and implementing additional spending discipline across the entire federal government (including reducing operational expenses to 2016-17 levels and ending corporate welfare).

• Helping businesses survive and then thrive by reducing the burden they face (including a temporary elimination of small business taxes, a reduction of the general business rate and income tax cuts).

“Outside of government, countless Canadians have lost jobs, taken pay cuts, and seen their businesses decimated,” said Wudrick. 

To read the full framework, click here.

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