Theo Argitis: Carney is dismantling Trudeau’s tax legacy. How will he pay for his plan?
Prime Minister Mark Carney scrapped the digital services tax just hours before it was set to take effect, citing American opposition and pressure from President Donald Trump — another step in dismantling Justin Trudeau’s tax legacy. “Carney is dismantling Trudeau’s tax legacy,” wrote Theo Argitis in The Hub, noting that he has already “scrapped the capital gains hike, citing harm to investment,” and “shelved the carbon tax, citing political backlash.” Carney has also implemented a sweeping personal income tax cut as an affordability measure, worth $28 billion over five years, according to the Parliamentary Budget Office. While his platform hints at targeted tax breaks for housing and tech, Argitis warns that “it’s hard to detect a coherent philosophy,” and asks the central question: “If Carney’s intention is to continue cutting taxes, how will he fund the rest of his agenda?”
