An individual making C$50,000 per year faces a higher income tax rate in Ontario than in every U.S. state.
income taxes
January 16, 2024
11:17AM
According to polling data, 80 per cent of Canadians don’t want average families to pay more than 40 per cent of their income in taxes.
December 11, 2023
2:30AM
The federal government raised the top income tax rate from 29 per cent to 33 per cent.
September 28, 2023
12:27PM
Expenditures on housing comprise less than half of what the average family pays in taxes.
September 27, 2023
3:30AM
Between 45 to 50 per cent of all federal revenue comes from the personal income tax.
August 29, 2023
5:30AM
The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
August 10, 2023
11:30AM
By raising top tax rates, the government discourages entrepreneurship and innovation.
July 17, 2023
8:11AM
The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.