An [Infographic] I created with FBC.ca -- with 12 offices in Canada "Canada's Small Business Tax Specialists". In 1917, Sir Robert Borden, the 8th Prime Minister of Canada, introduced a "temporary" personal income tax to cover wartime expenses: “4% tax on all single men over $2,000.” Despite the additional funds, the first world war put Canada into great debt. After the war, personal and corporate income taxes persisted and eventually became a permanent fixture of the Canadian landscape. How far have we come?
Includes many statistics on the Canadian tax industry.�