In reality, 81 per cent of middle-class families now pay higher income taxes.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
The increased CPP tax alone translates into $1,624 more in taxes.
Since 2003, manufacturing sales in Ontario have remained essentially unchanged yet increased by 20 per cent in B.C.
The recent elections in Alberta and federally in Canada have elected governments that appear dedicated to increasing government’s interference in the economy.