ontario taxes

12:59PM
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The taxman takes $17,800 in provincial taxes from the average Ontario family every year.


5:00AM
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An escalator that adjusts for inflation is merely maintaining the real purchasing power involved in the charge.


8:23AM
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In this year’s budget, the Wynne government forecasts a nearly 5 per cent increase in program spending.


8:45AM
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The province’s top earners face a tax rate of 53.5 per cent on any additional earnings.


4:30AM
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Ontario’s top combined marginal personal income tax rate is 53.5 per cent.


11:30AM
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Business investment in Ontario is $50.9 billion this year, down from $53.8 billion before the recession.