LMG Global Associates Reviews New Tax Proposal Set to Boost Canadian Economy

    TORONTO, ON, January 30, 2015 /24-7PressRelease/ -- According to the study released by the Fraser Institute, large-scale personal income tax cuts could provide relief for working Canadians and lay the foundation for long-term economic growth. A Pro-Growth Plan for Canada could eliminate many tax credits, deductions and other tax expenditures, which would free up $20 billion. This would allow the government to eliminate Canada's two middle-income tax rates (22 and 26 per cent) and create a new tax landscape, with just two personal income tax rates - 15 per cent for almost all Canadians and 29 per cent for top earners.

About LMG Global Associates: http://lmgglobal.org/about/

LMG Global Associates believes that these cuts would improve Canada's overall tax competitiveness and make Canada more attractive to high-skilled workers and entrepreneurs. Lowering the tax burden on Canadians would bolster the economy and eliminating the middle-income tax rates would mean more take-home pay for middle-class families and broad increases in the incentives for Canadians to work, save, invest and engage in entrepreneurship. LMG Global Associates believe that encouraging and paving the way for entrepreneurship will drastically improve the Canadian economy as more businesses will start up which then creates more job opportunities and allows for more confidence in consumer spending.

The study noted that additional reform options, which include increasing the highest tax threshold from $136,271 in income to $250,000 and lowering the top rate from 29 per cent to 25 per cent, will also encourage more entrepreneurship. LMG Global Associates also highlights that these tax cuts will stop the need for "income splitting" where the highest earning family member shifts income to their spouse in a lower tax bracket to reduce the family's overall tax burden, which will again encourage entrepreneurship and improve the economy.

LMG Global Associates is an outsourced sales and marketing firm based in Toronto, Canada. The firm specializes in a unique form of direct marketing where they connect with consumers face-to-face on behalf of their clients' brands to create long-lasting and personal relationships. This ultimately leads to increased customer acquisition, brand awareness, and brand loyalty for their clients. LMG Global Associates run their service on a 'no win- no fee' basis so that their clients are at no financial risk even in times of economic downturn.

LMG Global Associates implement effective direct marketing campaigns on behalf of their clients that generate quality sales and deliver a high ROI.

Follow @lmgglobal on Twitter and 'Like' them on Facebook.

# # #