From Fraser Institute <[email protected]>
Subject Effect of aging population, and Measuring share of taxes paid by top income earners
Date August 5, 2023 5:00 PM
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Having trouble viewing? Try the web version [link removed] of this email. Latest Research Canada’s aging population could lower per person income (broadly measured) by $11,200 over the next 20 years [[link removed]]

The Effect of Population Aging on Economic Growth in Canada is a new study that finds an increase in share of the population aged 65 years or older results in a reduction in the growth rate of per person GDP, and by 2043, the population share of seniors is projected to reach between 21.1 per cent and 25.5 per cent based on data from Statistics Canada.

Read More [[link removed]] Top 20% of Canadian income-earning families pay 53% of all taxes [[link removed]]

Measuring Progressivity in Canada’s Tax System, 2023 finds that the top 20 per cent of income-earning families pay more than half (53.1 per cent) of total taxes including sales and property taxes. Conversely, the bottom 20 per cent of income-earning families pay 2.0 per cent of total taxes, due partly to the progressivity of Canada’s tax system where the share of taxes paid typically increases as incomes rise.

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