Reducing Canada’s corporate tax rate will directly promote business investment.
personal income tax
The list of made-in-Canada policies that have reduced our competitiveness is long and substantial.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
The top combined tax rate in Ontario is 53.53 per cent, the second highest combined rate in Canada and the United States.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
At 53.53 per cent, Ontario has the second highest top combined marginal income tax rate in Canada and the United States.
The Wynne government’s budget raises most middle tax rates and adjusts income thresholds.