B.C. recently raised its top personal income tax rate from 14.7 per cent to 16.8 per cent.
personal income tax rate
An estimated 1,374 new businesses will not startup in the province due to the higher tax rate.
More than 80 per cent of middle-class families have experienced an increase in their federal income taxes.
The rate of small business startups in Canada has declined by almost 13 per cent since the early 2000s.
The top combined tax rate in Ontario is 53.53 per cent, the second highest combined rate in Canada and the United States.
At 53.53 per cent, Ontario has the second highest top combined marginal income tax rate in Canada and the United States.
Ottawa and many provincial governments have increased already uncompetitive personal income tax rates.