The average Canadian family will pay 43.6 per cent of its income in taxes.
federal personal income tax
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
Almost three-quarters of Canada’s total tax burden is paid by the working-age population.
Average per person spending on health care for Canadians over 70 is $13,797.
If families who receive CCB transfers begin to earn a higher income, their cash transfers will be reduced—a disincentive to hard work.
The province’s top earners face a tax rate of 53.5 per cent on any additional earnings.