The province's top combined income tax rate is 54 per cent.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
Nine of the provinces are in the top 10 jurisdictions in North America with the highest personal income tax rates.
The Trudeau government raised the top income tax rate from 29 per cent to 33 per cent.
By eliminating several tax credits, Ottawa increased income taxes for many Canadians.
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
The Wynne government’s “Fair Hydro Act” borrows money, which must be paid back, to lower energy costs.
The latest tax increase is the payroll tax hike that will be used to finance CPP expansion.
On Wednesday, the day after delivering the 2014 federal budget, Finance Minister Jim Flaherty set off a firestorm by offering his view on income-splitting, a platform commitment the Conservatives made for when the government returns to a balanced budget (likely next year). I'm not sure that, overall, it [income-splitting] benefits our society, Minister Flaherty stated, preferring instead to, reduce taxes more.
While readers of this page will know we haven't always agreed with Minister Flaherty over the years, he is right on the money with respect to income-splitting.