Research suggests corporate income taxes are among the most harmful components of the provincial tax mix.
ontario taxes
The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
Ontario’s top income tax rate is the second-highest in Canada and the United States.
McGuinty’s new top tax bracket was called the temporary “deficit-fighting high income tax bracket.”
Ontario increased its top rate to 20.53 per cent.
The province's top combined federal/provincial personal income tax rate stands at 53.53 per cent.
If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
Ontario’s top combined provincial-federal tax rate is 53.53 per cent—the second highest in Canada and the United States.