|
Dear John,
Following our January study which found that, despite the federal government's claims to the contrary, 86% of middle-class families have actually experienced an increase in their federal personal income tax burden, today's new study has even more bad news...
The majority of lower-income Canadian families with children are paying higher federal personal income taxes as well.
In 2015, the government reduced the second-lowest personal income tax rate, but also eliminated a number of tax credits which more than offset the savings from the tax rate reduction.
As a result, 60% of taxpaying families with children in the bottom 20% of income earners paid more federal personal income tax.
Check out the numbers here, and be sure to spread the word!
Stay safe,
Niels Veldhuis
President
The Fraser Institute
|
