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- Under Nicholson’s plan, the CHT would be abolished. Instead, corporate and personal income tax points, or HST points, equivalent to the $43-billion CHT could be transferred to the provinces, allowing them to increase provincial tax rates and revenues, while federal taxes would be reduced by the equivalent amount so there should be no increase in the overall level of taxes paid by Canadians.
OpinionBY
- Under Nicholson’s plan, the CHT would be abolished. Instead, corporate and personal income tax points, or HST points, equivalent to the $43-billion CHT could be transferred to the provinces, allowing them to increase provincial tax rates and revenues, while federal taxes would be reduced by the equivalent amount so there should be no increase in the overall level of taxes paid by Canadians.
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