Revenue Estimates of M-68: One-time Tax on Extreme Wealth

Published: July 15, 2021
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Abstract

This report is in response to a request by Member of Parliament Nathaniel Erskine-Smith (Beaches–East York) to estimate the revenues from implementing a one-time tax on extreme wealth outlined in Motion M-68 placed on notice on February 11, 2021. Specifically, it presents PBO’s revenue estimates for imposing a one-time tax on net wealth accumulated up to the end of April 2021 by Canadian resident economic families.