When the federal government announced an increase in capital gains taxes in its recent budget, the hike was defended, in part, as a way to ensure the wealthiest Canadians pay their fair share. But how exactly do we determine what a “fair share” is? Especially, as some data suggests, the wealthiest are already paying a larger share of the overall income tax burden. “That word fair is completely subjective,” said Trevor Tombe, a professor of economics at the University of Calgary. “What’s needed in any kind of statement around what is or isn’t fair is clarity around what the person means when they say that word.” Jake Fuss, director of fiscal studies at the Fraser Institute, echoed that a lo
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