The top 20 per cent of income-earning families in Canada pay nearly two-thirds of all income taxes.
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Canada has the seventh-highest top combined personal income tax rate in the OECD.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
The province's top combined federal/provincial personal income tax rate stands at 53.53 per cent.
Private-sector capital spending in the U.S. picked up substantially after President Trump took office.
Tax reforms effectively reduced the U.S. business tax rate by 34 per cent.
The top personal income tax rate now exceeds 50 per cent in seven provinces.