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Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. In this week’s edition, he looks at the new tax cuts for the middle class and the real impact they will have on the Canadian economy.

The government argued in favour of these tax cuts because “supporting the middle class is the wise thing to do.” Indeed, we agree the best boost to business is a growing, spending middle class, which helps everyone from the tiny restaurants to the big banks.

There is also hope that tax cuts will stimulate the economy. Here, we are more doubtful. Is this really the best way to help the middle class, and will it be sufficient to give a boost to the economy?

Read 5 Minutes for Business to find out.

For more information, please contact Hendrik Brakel.

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