personal income tax
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
At 53.53 per cent, Ontario has the second highest top combined marginal income tax rate in Canada and the United States.
The Wynne government’s budget raises most middle tax rates and adjusts income thresholds.
Four provinces have increased their general corporate tax rates over the last three years, including B.C. and Alberta.
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
Ottawa has exacerbated the tax-rate gap between small businesses and employees.