personal income tax

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As the tax deadline looms, here’s a brief history of Canada’s federal income tax, which has changed dramatically over the years.

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Canadians spent $501 per household simply complying with the personal income tax system.

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When governments raise PIT rates, there are both direct and indirect costs for private sector.


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Ontario’s top combined personal income rate is 53.5 per cent—one of the highest rates in the developed world.

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Today the personal income tax accounts for almost half of federal revenues.

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In 1938, only 2.3 per cent of the population filed personal income taxes.

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Capital gains taxes are on the rise in Canada because various provinces, and the federal government, have increased their personal income tax rates.

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The 1917 tax form, which was for both personal and corporate income, has just 23 just lines for the taxpayer.