Top 1% Tax To Raise $11.4B

Hiking income taxes on Canada’s top 1 percenters will raise more than $11 billion in revenues by 2020 and see the wealthy pay the equivalent of more than 50 percent tax in most provinces, says the Department of Finance. The data follow private research that warned of diminishing returns on taxing high-income Canadians: “Someone making more than $220,000 in this great country of Canada will pay a little more”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top