Canada has the seventh-highest top combined personal income tax rate in the OECD.
income tax rates
Canada’s personal income tax rates are among the highest in the industrialized world.
Canada's economy is expected to grow by a tepid 1.6 per cent in 2020.
The province’s top marginal PIT rate will increase from 16.8 per cent to 20.5 per cent.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
In Canada, 36.1 per cent of people in the top decile in 2017 were not in the top decile five years earlier.
The Trudeau government raised the top income tax rate from 29 per cent to 33 per cent.