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Download CATIA V5 R21 for Windows 7.OTTAWA — The federal government is willing to pay a price for a more just and progressive tax system.

In a speech Tuesday, Finance Minister Bill Morneau unveiled new plan to reform the tax system and introduce a tax on the highest income earners in Canada.

The Liberal plan would change the way Canada calculates personal income taxes on the wealthiest Canadians, and possibly bring in a tax on financial transactions.

The Liberals would use the revenues to build a new income-based child benefit, while also giving families more financial flexibility.

“This is about ensuring a tax system that works for Canadians, and one that works for families,” Morneau said.

Morneau’s speech comes after he travelled to Washington, D.C., last week to meet with U.S. President Donald Trump’s team of economists and other advisers to get feedback on Canada’s tax system.

The Canadian Press obtained a copy of a draft of the speech to reporters — notably one section that talks about a new speculation tax and how it could be designed.

It is highly unusual for the Finance Minister to reveal plans about how the Liberal government intends to proceed in budget consultations that start in the fall.

More often than not, finance ministers speak about these plans in the pre-budget speculation season, although the Conservatives and New Democrats have been making noise about their own ideas for tax reform.

During a question period in the House of Commons, NDP Leader Jagmeet Singh


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