Stop bribing groups with ineffective boutique tax credits
Every year, it costs Canadians billions of dollars to comply with the tax code. That’s because each budget has more and more boutique tax credits. Government after government have spent billions of dollars trying to bribe microtargeted groups of Canadians with their own money. It’s wrong. A Fraser Institute study found that there are approximately $20 billion worth of boutique tax credits that could be cut. Any tax credit that does not serve a concrete public policy purpose should immediately be scrapped.