In 2023, the average Canadian family earning $140,106 will pay 46.1 per cent of their income in taxes.
income taxes
Lower income tax rates incentivize people to work, save, invest and engage in entrepreneurial activities.
Only 19 per cent of Ontarians feel they receive good or great value from the services their tax dollars finance.
Nearly half of Canadians feel they receive poor or very poor value from government services.
For the province's top earners, each new dollar they earn is taxed at 53.53 per cent.
The province's top combined income tax rate increased from 39 per cent in 2014 to 48 per cent today.
In all four Atlantic provinces, workers at the national average income level must earn more than $152 to boost their after-tax income by $100.
At the national average income level, Nova Scotians face a provincial tax rate of 14.95 per cent on the next dollar they earn.