Canada’s top combined tax rates ranges from 54.0 per cent in Nova Scotia to 47.5 per cent in Saskatchewan.
Canada’s 2018 version of the Income Tax Act contains 3,302 pages and 1,101,499 words.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
The budget creates a new, higher top personal income tax rate of 16.8 per cent.
The Trudeau government has increased the incentive for tax planning.
The NDP-Green tax changes, if fully implemented, will increase the tax burden for the average British Columbian family by $594.
In 2017, the average Canadian family with two or more people will pay $47,135 in total taxes.