The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
tax hikes
The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.
Only 32 per cent of Americans define socialism as government taking control of companies and industries.
The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
When linked to a GST hike, support for a national prescription drug program falls from 79 per cent to 40 per cent.
Indexation is currently applied to the personal income tax system federally and in most provinces.
Ontario’s budget deficit will likely be the largest in provincial history.
Canada’s personal income tax rates are among the highest in the industrialized world.
In Canada, 36.1 per cent of people in the top decile in 2017 were not in the top decile five years earlier.