Needless to say, this plan entails a significant increase in highly progressive income & corporate taxation (but with the revenue being concurrently returned to the public) &  important long term implications for cost currently borne by Provincial & Local Governments (i.e. reductions for both).

Ideally, Federal-Provincial & Federal-Provincial-Local transition plans to lessen somewhat the Federal transfers to Provincial Governments & the Federal & Provincial transfers to Local Governments respectively as the new income gap lowering plan comes into full effect.  Given that federal revenue transfers to Provincial Governments (and transfers by the Federal & Provincial Governments to Local Governments) have tended to fall in real terms over recent decades, these general transfer adjustments should be modest.