Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
personal income taxes
High rates can influence people’s decisions on where to work or start new businesses.
The government increased income taxes for more than 80 per cent of middle-income families.
In 2016, the Trudeau government added a new top personal federal income tax rate, increasing the top rate to 33 per cent.
Canada’s personal income tax rates are among the highest in the industrialized world.
Canada's economy is expected to grow by a tepid 1.6 per cent in 2020.