The idea of a flat-rate of income tax has always appealed to me. I saw it as a way to simplify our outrageously and unnecessarily complicated provincial and federal systems. However, no one that has had a chance at being in a position to actually implement such a tax federally or in Ontario has put forward a serious proposal to do so—that is, until today.
Enter Christine Elliott, one of the two most likely candidates to become the next leader of the Ontario Progressive Conservative Party.
Ms. Elliott has announced a plan she claims “… is competitive, fair and encourages economic growth.” The MPP for Whitby-Oshawa is calling for a provincial tax system which will collapse Ontario’s three existing tax brackets into a single eight per cent rate, and increase the Basic Personal Amount from the current $8,881 to approximately $18,000.
According to Votechristine.ca:
A flattened tax structure has been successfully implemented in both Alberta and New Brunswick and has been promoted by the Fraser Institute and the Canadian Taxpayers Federation.
Apparently, the change would be phased in, but time frames are not offered. The announcement is also light on specifics such as all-important answers to questions such as: how much will it cost and whether it will impact the proposed harmonization of the PST-GST? However, while I’d certainly like to see a more in-depth analysis, this proposal resonates well with me.
Day by day, Ms. Elliott’s campaign is making a positive impression at my house. Her proposals regarding a crack-down on crime, “fixing” EI as it affects Ontarians, a freeze of the province’s minimum wage rates and her policy initiatives regarding Northern Ontario are solid, meaty solutions to real issues facing our province. I wish her well in her campaign.Ω