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Why Is Post-Tax Legislation Important In Canada

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The Income Tax Act establishes the liability for tax and the tax responsibility of Canadian residents. Every resident in Canada is responsible for paying an income tax on taxable income for that taxation year. The taxable income includes that year’s taxable income including any additions and excluding any deductions that are permitted by Division C. It also includes non-residents that held employment, carried on business, or disposed of Canadian property that is taxable. (Income Tax Act).
Tax policy plays an important role in making the distribution of post-tax income less unequal. It is also a crucial part in raising revenues that finance expenditures for public services, such as education and health. An equal distribution in post-tax income

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