The law governing income tax in Canada is as complex as the legislation is thick – it’s over 3,000 pages long. All of this complexity isn’t just a nuisance for taxpayers. It can cost people and businesses money if they are unaware of deductions or exemptions, or if they have to hire help to make sure they are compliant.
Chris Wilson-Smith looked into how the Income Tax Act became a Frankenstein’s monster, as one tax expert put it. Chris is on the show to explain why politicians keep adding to the income tax code but can’t seem to simplify it.
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