Lower tax rates improve incentives for people to work, save, invest and engage in entrepreneurship.
personal income tax rate
Measuring the Impact of Federal Personal Income Tax Changes on Middle Income Canadian Families since 2015
The NDP has been the most transparent by clearly stating it would introduce a host of tax hikes.
Indexation is currently applied to the personal income tax system federally and in most provinces.
High rates can influence people’s decisions on where to work or start new businesses.