The Canadian Taxpayers Federation is calling on Canadian politicians to prioritize tax relief . This is in response to the 2021 International Tax Competitiveness Index which the CTF says shows the country’s tax system is becoming less competitive.

Franco Terrazzano, Federal Director with the CTF says, “We’re in the bottom half of the pack on tax competitiveness, so our politicians should prioritize tax relief over more government borrowing to recover our economy.”

The Tax Foundation’s 2021 International Tax Competitiveness Index compares tax systems for 37 countries that belong to the Organization for Economic Co-operation and Development.

The CTF says key findings of the report show Canada ranked 20th (out of 37) on tax competitiveness, which is two spots worse than 2020; Canada ranked 23rd on business tax competitiveness; Canada ranked 27th on individual tax competitiveness; Canada ranked 24th on property tax competitiveness; and, Canada ranked 8th on consumption tax competitiveness.

Terrazzano says the bright spot for Canada’s competitiveness is that we don’t have a wealth tax, and politicians should avoid this damaging tax as the country tries to grow its way out of the pandemic downturn,