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Dear John,
A new study published by the Fraser Institute today finds that Canadian families and individuals with annual incomes between $30,000 and $60,000 face marginal effective tax rates near or above 50%.
Among the provinces, BC has the lowest tax rates of 38%.
Ontario has a rate of 50% – and high-income families at $300,000+ are taxed lower at 44%.
Families with modest income brackets consistently face disproportionately high marginal effect tax rates, raising questions of fairness and efficiency in the tax and transfer system.
Dig into the numbers and see how your province placed here.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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