IDEAS home Printed from https://ideas.repec.org/a/cpp/issued/v21y1995is1p206-224.html
   My bibliography  Save this article

The Structural Impact of the Capital Gains Deduction on the Canadian Tax System

Author

Listed:
  • James R. Wilson

Abstract

The lifetime capital gains exemption was introduced in 1985 with definite and relatively simple objectives. It was not, however, expected to simplify the income tax system. On the contrary, the introduction of the exemption was accompanied by many complex rules designed to implement it in a precise manner and to prevent its misuse. As the exemption gradually became more limited and targeted following its introduction, substantial complexities were added to the tax system, until the exemption developed into one of the most difficult and complicated areas of the tax law applicable to a broad range of individual taxpayers.

Suggested Citation

  • James R. Wilson, 1995. "The Structural Impact of the Capital Gains Deduction on the Canadian Tax System," Canadian Public Policy, University of Toronto Press, vol. 21(s1), pages 206-224, November.
    • Handle: RePEc:cpp:issued:v:21:y:1995:i:s1:p:206-224
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0317-0861%28199510%2921%3CS206%3ATSIOTC%3E2.0.CO%3B2-C
    Download Restriction: only available to JSTOR subscribers
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpp:issued:v:21:y:1995:i:s1:p:206-224. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iver Chong (email available below). General contact details of provider: https://www.utpjournals.press/loi/cpp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.