McGuinty’s new top tax bracket was called the temporary “deficit-fighting high income tax bracket.”
Low-income families now pay more taxes than before this government’s reforms.
The B.C. government also raised the general business income tax rate from 11 per cent to 12 per cent.
In seven provinces, the top personal income tax rate exceeds 50 per cent.
Both Saskatchewan and British Columbia now have lower corporate tax rates than Alberta.
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
As a share of GDP, business investment in Canada stands around 11 per cent.
The NDP-Green tax changes, if fully implemented, will increase the tax burden for the average British Columbian family by $594.