Provincial tax changes: trend continues

"The annual onslaught of provincial budgets and tax changes is complete, and once again the Canadian taxpayer is being asked to dig deeper into his pocket to fund old and new programs. It is noteworthy that 1987 tax reform promised lower taxes, but a broader fax base. Five years later, we still have the broader tax base, but the lower faxes have gradually crept up to pre-tax reform levels. Surprise! Surprise!IntroductionThe last edition of Tax Notes commented on some important proposals announced in Manitoba's 1992 budget. In this issue, Tax Notes summarizes the 1992 budget proposals of British Columbia, Ontario and Quebec. These budgets reflect the continuing trend of transferring responsibilities and the related costs-from the federal government to the provinces. As well, the budget papers bear witness to the respective governments' political stripes. British Columbia, Ontario and Quebec are seeking higher tax revenues. Only Quebec continues to acknowledge the importance of the mining industry in its annual budget documents."