Canada’s top combined tax rates ranges from 54.0 per cent in Nova Scotia to 47.5 per cent in Saskatchewan.
personal income tax
Nine of the provinces are in the top 10 jurisdictions in North America with the highest personal income tax rates.
In 2015, the federal government introduced a new 33 per cent tax bracket.
Reducing Canada’s corporate tax rate will directly promote business investment.
The list of made-in-Canada policies that have reduced our competitiveness is long and substantial.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
The top combined tax rate in Ontario is 53.53 per cent, the second highest combined rate in Canada and the United States.