Thank you, Madam Chair. At this point in the course of where we're at in our response to the pandemic and recovery from the pandemic, there was certainly a conscious decision that there would not be new taxes introduced in this particular budget, and there are no new taxes introduced in this particular budget. That's sort of a short-term response. I understand that the question really is looking at something much larger and much broader, and I have made inquiries with the department to look into what impacts there would be on individuals if we were to increase the tax burden for certain filers. At this point, the benefits are such that, unless we were to increase rates significantly, we would not be seeing an offset of this tax savings. We would simply be putting a pretty significant burden on a very small number of people, again, without necessarily making up for this particular change. At this moment in time, Madam Chair, again, there is not an increase intended or expected, whether it's to other income tax rates on the personal side or on the corporate side. Thank you, Madam Chair.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 11th, 2021. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 11th, 2021
Page 2502
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