In 2013, the top 10 per cent of tax-filers earned 35 per cent of Canada’s total income yet paid 54 per cent of federal and provincial income taxes.
personal income tax rate
The province's new top personal income tax rate is now higher than B.C.'s rate.
The new Trudeau government plans to raise personal income taxes on the top one per cent of Canadian income-earners in order to fund a personal income tax decrease on the middle class.
After governments abandon fiscal prudence, they will soon search for any and all ways to tax people more. This is the reality playing out in Alberta where Premier Jim Prentice has floated multiple tax increase trial balloons.