As the tax deadline looms, here’s a brief history of Canada’s federal income tax, which has changed dramatically over the years.
personal income tax
April 25, 2017
3:00AM
Canadians spent $501 per household simply complying with the personal income tax system.
April 24, 2017
1:02PM
When governments raise PIT rates, there are both direct and indirect costs for private sector.
April 19, 2017
2:05PM
Ontario’s top combined personal income rate is 53.5 per cent—one of the highest rates in the developed world.
April 18, 2017
3:00AM
Today the personal income tax accounts for almost half of federal revenues.
April 12, 2017
3:00AM
In 1938, only 2.3 per cent of the population filed personal income taxes.
April 10, 2017
12:23PM
In the early years, as few as one in 50 Canadians paid income tax.
April 7, 2017
3:00AM
Capital gains taxes are on the rise in Canada because various provinces, and the federal government, have increased their personal income tax rates.
April 6, 2017
10:38AM
The 1917 tax form, which was for both personal and corporate income, has just 23 just lines for the taxpayer.
April 6, 2017
1:00AM
