marginal tax rates
High-skilled workers in Ontario face a marginal tax rate at least 11 percentage points higher than the median U.S. state.
Since 1961, the average family’s tax bill has increased 180.3 per cent after adjusting for inflation.
The province has the fourth-highest top combined personal income tax rate among all provinces and U.S. states.
This year the top 20 per cent of income-earning families in Canada will pay 54.2 per cent of total taxes.
Many Canadians who incur capital gains taxes, such as small business owners, may only do so once in their lifetimes.
The province had the third-lowest level of per-worker business investment in Canada.
An individual making C$50,000 per year faces a higher income tax rate in Ontario than in every U.S. state.