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Minister of Finance Jim Flaherty holds a press conference prior to tabling the budget in Ottawa on Tuesday, February 11, 2014. THE CANADIAN PRESS/Sean Kilpatrick
Minister of Finance Jim Flaherty holds a press conference prior to tabling the budget in Ottawa on Tuesday, February 11, 2014. THE CANADIAN PRESS/Sean Kilpatrick
(Sean Kilpatrick/THE CANADIAN PRESS)

What Finance is telling Flaherty about cutting taxes

Tax cuts are coming. But does Canada have the right mix when it comes to deciding which taxes to cut?

The Conservative benches are agreed that part of next year’s surplus will go to tax cuts, but there is no consensus on the details.

Finance Minister Jim Flaherty has questioned the merits of an income splitting pledge that could cost nearly $3-billion in lost personal income tax revenue a year. Prime Minister Stephen Harper seems to be standing by the idea.