The Canadian tax regime was created in 1967 and was designed to encourage economic growth.
But a number of issues have emerged over the years that have contributed to its erosion.
The most obvious is that, unlike many countries in the developed world, the tax regime has not been harmonized.
Instead, different rates have been set for different types of income, such as capital gains and dividends.
The problem is that many countries do not share these rates, which means that some people will pay higher taxes than others.
In the United States, for example, the top marginal tax rate is 37 per cent, while a middle class couple with two children would pay a lower rate of 20 per cent.
Canada’s corporate tax rate has been around 30 per cent since 2006, and its corporate income tax rate remains below that.
Some economists argue that the lack of harmonization has led to some very high taxes in the United Kingdom.
According to a 2015 study by the University of Toronto’s Institute for Fiscal Studies, the UK’s corporate income taxes were higher than those in the other 28 EU member states, while the combined personal tax rate was above those in Canada and Germany.
The UK’s top rate of tax on income is 35 per cent and it has been since 1997, while Canada’s top tax rate, at 27 per cent is the highest in the OECD.
In recent years, there have been several changes to the tax system, including the introduction of the GST in 2003 and the introduction and implementation of the Personal Allowances Tax Credit in 2005.
There are also changes to how income is taxed in some jurisdictions.
New York and California have the highest combined income tax rates in the world.
But in the UK, the average personal income tax paid is 18.5 per cent compared to New York’s 7.1 per cent (the highest in Europe).
Canada’s government has been pushing to increase the tax rate on corporate income, which is currently 31 per cent in 2017, to 25 per cent by 2019.
But experts say that is too low.
Some argue that Canada’s personal tax rates are not too high compared to other developed countries, and that many people in Canada would not be affected by these changes.
But others say that, while corporate tax rates have gone up, the current corporate tax system has not.
According the Tax Foundation, only 4.4 per cent of Canadian corporations pay less than 25 per cents per dollar of taxable income, and this is the case for almost all of the companies.
That means that even if the tax rates were to increase, Canadians would be left with a very low tax burden.
In the end, Canada’s new tax regime will need to be changed, but not because of an economic recession.
The tax changes will have to be phased in over a long period of time and gradually phased out over a period of years.
This is why there is a debate in Canada about whether the tax changes are progressive or not.
The new system will have many benefits, including higher productivity growth, but it will also increase the deficit, which in turn will be a problem for the federal government.
There is a strong chance that the changes will be implemented in a manner that is sustainable over time.
The current tax system will not last forever.
As we’ve mentioned, Canada has a tax regime that is very progressive.
If you look at how different countries have different tax systems, Canada is not far behind the U.K., Denmark and the Netherlands.
So if Canada wants to maintain its competitive position, the first step is to make sure that it can maintain a high level of competitiveness, which will not be easy, especially if other countries are moving to the same tax system.