Policy Forum: Taxing Wealth Transfers in Canada Using an Accession Tax

Graham Purse ()
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Graham Purse: Paul J. Hill School of Business, University of Regina, Saskatchewan and MTax program, Christ Church, Oxford University

Canadian Tax Journal, 2020, vol. 68, issue 3, 851-862

Abstract: Wealth transfer taxes have had a long history in Canada: the Rowell-Sirois report suggested federal administration; the Carter report emphasized the importance of including wealth transfers in income. Yet by the 1980s wealth transfer taxes had largely disappeared in Canada. This article makes the case for consideration of an accession tax, which taxes wealth transfers in the recipients' hands. An accession tax has significant administrative advantages over the annual wealth tax featured in current popular debates.

Keywords: Wealth taxes; inheritance tax; succession duties; fiscal policy; economic policy; history (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ctf:journl:v:68:y:2020:i:3:p:851-862

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DOI: 10.32721/ctj.2020.68.3.pf.purse

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