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Rich Kids Are Becoming Billionaires Without Lifting a Finger — It’s Time to Tax Them

Unlike most western countries, Canada has no inheritance tax. That means people like the Thomson Family, already worth $41 billion, can inherit billions more without paying any tax. Rich kids are becoming billionaires without lifting a finger. 

Taxing inheritances of $5 million and above — that of the richest Canadians — would provide $2 billion revenue every year (source). That could fund an increase in the Guaranteed Income Supplement for seniors of $1,300 year per person, lifting thousands out of poverty.

Add your name if you agree it’s time to tax inheritances of the super rich.

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