The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
By raising top tax rates, the government discourages entrepreneurship and innovation.
The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
In 2023, the average Canadian family earning $140,106 will pay 46.1 per cent of their income in taxes.
Lower income tax rates incentivize people to work, save, invest and engage in entrepreneurial activities.
Only 19 per cent of Ontarians feel they receive good or great value from the services their tax dollars finance.
Nearly half of Canadians feel they receive poor or very poor value from government services.