An analysis of the Canada Child Tax Benefit (CCTB) based on Michael Ignatieff's analysis in "A Vision for a More Competitive Canada."
Written in 2008; 1,544 words; 7 sources; MLA; $ 50.95
Paper Summary:
This paper identifies and analyzes the Canada Child Tax Benefit (CCTB). It analyzes the policy and discusses its problems. The paper specifically looks at an analysis of the CCTB by Michael Ignatieff, the Canadian Member of Parliament for Etobicoke, Lakeshore and one of the Liberal Party of Canada leadership candidates. It discusses the CCTB according to an article he wrote for The Globe and Mail entitled "A Vision for a More Competitive Canada."
Table of Contents:
Introduction: Policy Under Review
Policy Summary
Problems With the CCTB
Conclusion: Other Options?
From the Paper:
"To date, the GNWT has cut the personal income tax levels and maintains one of the lowest corporate taxation regimes in the country (ibid, p. 17). It makes sense that in order to support those who are in need, those who have high financial security ought to be taxes more. At the moment, the ironic truth is that it is those who have the least financial wealth must pay in order to subsidize the CCTB. Indeed, as one detractor commented, the CTB is "more generous to those who do get it than anything in our history" (Shillington, 2000, p. 62). Funds from taxation of those with higher personal incomes and increased corporate taxation would do much to stem this problem. Additional funds may also be taken from the Canada's National Plan of Action for Children initiatives, for example (ibid, p. 17). Until such solutions are implemented, unfortunately families struggling under the CCTB have no alternative to their dire situation."
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