David Dodge comments in the Globe and Mail on why Canada could see a brain drain to the U.S. if president-elect Donald Trump fulfills his promise of major tax reductions across the board. In Canada, the federal government imposed a new tax bracket of 33 percent this year on income above $200,000. David says, "It’s an enormous problem when you get effective tax rates which are wildly out of line. And that’s what’s going to happen to a much greater extent in the spring if Mr. Trump and the Republican Congress proposals in some way go forward." With Trump’s tax plan, Ottawa must act to prevent economic exodus: David Dodge
Bennett Jones