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June 13, 2012

Ontario’s new “tax on the rich” will likely create more economic costs than benefits, according to a report released today by the C.D. Howe Institute. In “Ontario’s Tax on the Rich: Grasping at Straw Men,” Associate Director of Research Alexandre Laurin  finds taxpayers’ behavioural responses  will reduce revenue over the long run by more than the province can expect to collect from the tax hike.

“Many studies have shown that, on average, tax increases have a negative effect on economic activity and incomes, especially for high-income earners who tend to be more responsive to tax changes,” said Laurin.


Alexandre Laurin

Alexandre Laurin joined the C.D. Howe Institute in 2008 and became Director of Research in 2014.  From 1999 to 2008, Mr. Laurin worked for the Parliamentary Information and Research Service where he provided reports, analysis and policy advice to Members of the House of Commons and the Senate and to parliamentary committees on a non-partisan and confidential basis.