Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
canadian personal income tax system
January 15, 2018
10:28AM
December 12, 2017
12:16PM
In 1917, the Income Tax Act contained 3,999 words—by 2016, it ballooned to 1,029,042 words.
September 15, 2017
10:20AM
The Liberal government raised the top federal income tax rate to 33 per cent from 29 per cent.
July 29, 2017
4:30AM
The current federal government raised the top federal personal income tax rate to 33 per cent.
April 27, 2017
9:31AM
As the tax deadline looms, here’s a brief history of Canada’s federal income tax, which has changed dramatically over the years.
April 10, 2017
12:23PM
In the early years, as few as one in 50 Canadians paid income tax.
April 6, 2017
10:38AM
The 1917 tax form, which was for both personal and corporate income, has just 23 just lines for the taxpayer.
April 6, 2017
1:00AM
October 6, 2016
2:07PM
Ontario’s top combined federal and provincial personal income tax rate is 53.5 per cent for skilled workers.
April 29, 2016
3:00AM
In the 12 years following 2001, there were almost two new tax expenditures per year.