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Is Canada in Dire Need of a Tax Overhaul? With Geoffrey Turner
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Join me for a deep dive into the upcoming tax landscape of 2024 that's set to reshape the financial landscape for all Canadians. In this episode, our guest, Geoffrey Turner, a distinguished tax lawyer with Davies and a respected instructor of the income tax course at the University of Toronto, joins us to unravel the intricacies of the impending tax changes.
As tax brackets, CPP contributions, and the TFSA limit jumps, driven by inflation, the news is a welcomed relief for anyone aiming to retain more of their hard-earned money. But it prompts a crucial question: Is Canada's tax system truly designed to foster prosperity for its citizens and the economy?
Geoffrey lends his expertise to dissect critical policy issues, exploring questions that resonate with every taxpayer. Are our tax rates too progressive? Is there a wealth gap problem and can taxes fix it? How do we create a tax structure that fosters productivity? Whether you're a financial aficionado, a concerned citizen, or someone simply looking to understand the impact of these changes on your pocket, this episode is a must-listen.
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