Dear John,

An insightful new Fraser Institute study sheds light on the true cost of tax hikes in Canada.

For every additional dollar of personal income tax revenue collected by the federal government, $2.86 is lost in economic activity.

The same holds true for corporate taxes, with an additional dollar of corporate income tax raised by the federal government costing Canadians more than double that amount in lost economic activity ($2.02).

When the federal government raises taxes, the cost to Canadians is not simply higher taxes. It also means less investment, less entrepreneurship, less business activity, and ultimately a smaller tax base, which imposes unseen costs on Canadians.

Learn more by checking out the full study here.

Sincerely,

Niels Veldhuis
President
The Fraser Institute