Several provinces now have top combined income tax rates exceeding 50 per cent.
tax cuts
January 30, 2020
11:44AM
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
January 6, 2020
2:10PM
Nine of the provinces are in the top 10 jurisdictions in North America with the highest personal income tax rates.
July 18, 2019
10:42AM
The Trudeau government raised the top income tax rate from 29 per cent to 33 per cent.
June 5, 2018
9:00AM
By eliminating several tax credits, Ottawa increased income taxes for many Canadians.
May 1, 2018
9:08AM
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
November 22, 2017
8:51AM
The Wynne government’s “Fair Hydro Act” borrows money, which must be paid back, to lower energy costs.
July 12, 2016
4:20PM
The latest tax increase is the payroll tax hike that will be used to finance CPP expansion.
February 14, 2014
2:00AM
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.
April 17, 2013
2:00AM
Milton Friedman was famous for his one-liners. One of his most repeated lines was: I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. Friedman believed government was too large and intrusive, and that by cutting taxes, the size of government would be reduced.