The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
income tax rates
In Canada, 36.1 per cent of people in the top decile in 2017 were not in the top decile five years earlier.
The Trudeau government raised the top income tax rate from 29 per cent to 33 per cent.
Ottawa increased the income tax rate for “top earners" from 29 per cent to 33 per cent.
The federal government's income tax hikes took effect in 2016.
An estimated 2,158 new businesses will not startup in the province due to the higher tax rate.
Canada’s top earners pay a disproportionate and growing share of the country’s taxes.
The PCs plan to spend $155 billion in 2018-19 compared to the Liberals’ $153 billion.