The government offset the benefits of the lower tax rate by eliminating tax credits.
income tax rates
Canada has the seventh-highest top combined personal income tax rate in the OECD.
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.