Major taxes have not increased in any of the past 12 years. Most importantly, these accomplishments are enshrined in the Balanced Budget, Debt Repayment and Taxpayer Protection Act, one of the strongest and most comprehensive pieces of legislation of its kind in North America. This responsible fiscal record has allowed the economy to flourish. However, this does not mean that we can be complacent. We have to ensure that we continue to be competitive.
Tax policy plays an important role in determining the competitiveness of any economy.
There has been substantial discussion across Canada recently about issues such as moving to a flat tax and changing the tax treatment of parents who choose to stay home with their children. These issues warrant careful consideration, and the views of Manitobans must be considered. The task of the Lower Tax Commission is to generate ideas, consult with Manitobans, and then provide options for a tax system for Manitoba that not only reduces the tax burden, but is fairer, simpler, and competitive. The Commission will consider how Manitoba's tax environment compares with other relevant jurisdictions, and suggest which taxes most influence Manitoba's competitiveness. The scope of their work will include personal, sales, corporate and property tax.