Inheritance tax can address income inequality, says Liberal MP

The parliamentary secretary to the finance minister is expressing his support for wealthy Canadians to pay a little more to address income inequality. And the Liberal MP appears to support a federal inheritance tax to make that happen, according to Blacklock’s Reporter.

The MP for Central Nova, N.S., made the comment Monday during a House of Commons debate on tax policy.

During the debate, Fraser noted taxes were raised from 29% to 33% four years ago on Canadians earning $217,000 or more.

Canada does not have an inheritance tax after Parliament abolished the Estate Tax Act at the end of  1971.

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