John Ivison: Canada’s wealthy may have started a tax revolt, and Ontario is the first to notice

OTTAWA — Last week’s Ontario fiscal update may have yielded the tax equivalent of a butterfly moving its wings in one jurisdiction and causing a tornado in another.

The provincial update revealed that personal income tax revenues in the country’s largest province were downgraded to come in nearly $2 billion lower than forecast in the spring budget, despite an upgrade in projected economic growth.

No explanation was offered for this unusual set of circumstances — tax revenues should...

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