According to polling data, 80 per cent of Canadians don’t want average families to pay more than 40 per cent of their income in taxes.
personal income tax rate
The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
The top tax rate in Sweden applies to income starting at roughly US$62,000 compared to between US$535,000 and US$1 million in the United States.
The average family in the province will pay more than 45 per cent of its income in taxes this year.
Support for socialism drops from 50 per cent among Canadians 18-24 years old to 38 per cent among Canadians over 55.
In 2023/24, de-indexation could cost Albertans $706 million.
The province's top combined personal income tax rate stands at 53.53 per cent.
The province's top combined personal income tax rate is 53.5 per cent, the third-highest rate among all provinces and U.S. states.