The top combined personal income tax rate in the province remains at 53.53 per cent.
personal tax rates
High-skilled workers in Ontario face a marginal tax rate at least 11 percentage points higher than the median U.S. state.
The province now has the fourth-highest top combined income tax rate in Canada and the United States.
The province now has the fourth-highest top combined income tax rate in Canada and the United States.
The province has the fourth-highest top combined personal income tax rate among all provinces and U.S. states.
This year the top 20 per cent of income-earning families in Canada will pay 54.2 per cent of total taxes.
Federal program spending will increase by a projected $115 billion over six years.
Canadians should consider the $69.9 billion in combined federal and provincial deficits as deferred taxes.
At $50,000 of income, residents in the province face the third-highest tax rate among 61 jurisdictions in North America.