Latest / Edmonton News Today | 2 Min News | The Daily News Now!

Canada's Tax System Is Already Progressive | Edmonton News
Canada’s tax system is already deeply progressive — the top 20% of earners, making over $270K, pay nearly 66% of all personal income taxes and more than half of total taxes, despite earning only about 50% of national income. Meanwhile, the bottom 20%, earning under $63K, contribute just 0.7% in income tax and 1.7% overall — a fraction of their income share, which is six times larger. The report challenges the myth that high earners dodge their fair share, showing they pay a higher percentage of taxes than their income share. But it also warns that raising taxes on top earners may backfire…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.