The NDP wants to raise the top federal personal income tax rate to 35 per cent.
income tax rate
Indexation is currently applied to the personal income tax system federally and in most provinces.
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.
In Ontario, the combined provincial/federal top marginal income tax rate is 53.5 per cent.
In reality, 81 per cent of middle-class families now pay higher income taxes.
By eliminating several tax credits, Ottawa increased income taxes for many Canadians.
The PC platform would not reduce the sky-high top marginal rate facing highly-skilled workers.