The Fraser Institute

The Fraser Institute

October 09, 2013 08:35 ET

Media Advisory/The Fraser Institute: New Study Coming Thursday, Oct 10 Suggests Governments Should Pay Attention to Marginal Tax Rates in 2014 Budgets

TORONTO, ONTARIO--(Marketwired - Oct. 9, 2013) - With the federal government's Throne Speech set for October 16, now is the time for Ottawa and provincial governments to consider the impact of marginal tax rates on the Canadian economy, suggests a new Fraser Institute study to be released Thursday, October 10.

Economic theory and history show the important role that taxes play in economic growth, employment, saving, investment, business formation, and other desirable indicators. In particular, a large body of literature documents the importance of marginal income tax rates to the health of a nation's economy.

The study, The Economic Costs of Increased Marginal Tax Rates in Canada, highlights how a realistic understanding of Canada's personal tax competitiveness requires an examination of both federal and provincial income tax rates.

A news release with additional information will be issued via Marketwired at 6:30 a.m. (Eastern) on Thursday, October 10.

The full report will also be available as a free PDF download at www.fraserinstitute.org.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.

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