Finance committee  It makes sense, because you have a lot of deductions. With that 50% mark of people who don't pay taxes, most of them are students, the elderly, or people who don't have a job, and it all balances out. You have to look at it in a life-cycle pattern. When you're working a lot, you

Finance committee  I didn't do it myself. Actually, the 33 experts on the panel gave a certain note, and it corresponds to those letters. Yes, actually it's a very good grade, and at about C or C- going under that notation, you see an augmentation of inequality. Anything above a C reduces it, so it

Finance committee  When we assessed the federal budget—this is the fourth time we do this exercise for a provincial or federal budget—we were struck by the fact that this was the first time that a budget had the net effect of reducing inequalities. Moreover, we felt that all of the measures assesse

Finance committee  Yes.

Finance committee  One comment was made often about that measure in particular. If the government's two objectives are to provide a tax cut and help the middle class, I must say that that would indeed bring about a tax cut. However, to help the middle class, you would need a measure that better tar

Finance committee  First of all, to an extent, Canada already has a partial universal...which is pretty much a paradox, but you get the point. Would it reduce inequality or not? Would it be a good thing for the low-income earners? It all depends on the parameters of the measure. It can make a lot o

Finance committee  Indeed.

Finance committee  As for the tax system, we regularly hear it said that such a review could decrease the capacity of taxing those with the highest incomes, among other things. People also say that this could discourage work and savings. I am going to take Steve Jobs and Bill Gates as examples, tw

Finance committee  Good morning. My name is Nicolas Zorn. I am a policy analyst at the Institut du Nouveau Monde. I thank you for your welcome. For a few years now, our institute has studied economic and social inequalities in Quebec and Canada. We know that income inequality has increased signif