The province now has the fourth-highest top combined income tax rate in Canada and the United States.
income tax rate
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.
The federal government raised the top income tax rate from 29 per cent to 33 per cent.
Lower income tax rates incentivize people to work, save, invest and engage in entrepreneurial activities.
The provincial income tax bill in P.E.I. is twice as large as the bill for someone earning the same amount in B.C.
To boost their after-tax income by $100, workers at the national average income in New Brunswick must earn an additional $154.60 compared to only $139.30 in B.C.
The NDP wants to raise the top federal personal income tax rate to 35 per cent.