An estimated 2,158 new businesses will not startup in the province due to the higher tax rate.
income tax rates
Canada’s top earners pay a disproportionate and growing share of the country’s taxes.
The PCs plan to spend $155 billion in 2018-19 compared to the Liberals’ $153 billion.
Increased government transfers make families more reliant on government.
Effect of Federal Income Tax Changes on Canadian Families Who Are in the Bottom 20 Percent of Earners
After seven years of budget deficits and over $160 billion in new debt, the federal government confirmed in its financial update Wednesday that it expects to record a surplus next year.
Prime Minister Stephen Harper recently announced his government will introduce income splitting for tax purposes at an annual cost of roughly $2 billion.