Tax Increases – Tax Increases – Tax Increases | Kerr Financial
Accounting Services
Tax increases – tax increases – tax increases
Category: Accounting Services

Tax authorities are trying to balance the need to stimulate the economy with the need to reduce deficits and begin to reduce debt. If they try too hard to hype up the economy using fiscal stimulus, they fall further into debt. Whereas raising taxes too much stifles the purchasing power of individual and corporation.

Every country in the world is having this debate. Viewing how Japan has been mired in stagnation for the last 20 years, and recalling how the Great Depression hung around for all of the 1930’s, the U.S. is determined to stimulate their way back to normal. It seems to be working. But given this stimulus spending and the considerable military costs of recent years, the U.S. debt is mounting up enormously. And every state in the U.S. is equally challenged.

In Canada we have also fallen behind over the last few years. The Conservative Party of Canada and Finance Minister Jim Flaherty are determined to retain their image of being fiscally conservative and balancing the budget. But it is a complicated business. Especially when taxes are being raised by Quebec and Ontario. Let’s see how Flaherty will do in today’s budget.

Kerr Financial

About Kerr

Kerr Financial Group was formed in 1979 for the purpose of assisting individuals to maximize their personal financial resources, alleviate their financial and retirement concerns and simplify the administration of their affairs.

Resources & Articles


Montreal Office Kerr Financial
1 Place Ville Marie, Suite 1680
Montreal, QC, H3B 2B6
Tel: (514) 871-8213
Fax: (514) 393-9516

Get Directions
Toronto Office Kerr Financial
150 York Street, Suite 1212
Toronto, ON, M5H 3S5
Tel: (416) 364-9447
Fax: (416) 364-0892

Get Directions