“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
The fiscal cliff in the United States did not just endanger its own country’s economy but the world’s, including Canada’s heavily dependent one. But in the American problem lies, at least partially, a Canadian solution: an estate tax.
The inability for Democrats and Republicans to prevent the fiscal cliff and the current uncertainty relating to the world’s largest economy is threatening the fledgling global recovery.
Canada, a country whose economy is always extremely vulnerable to external crises, is now only more so.
. . . → Read More: The Scott Ross: If A Fiscal Cliff Kills, Canada Should Tax Death