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Top marginal tax rates (federal and provincial) are close to or over 50% in many provinces. Do you think that’s fair?

Comments

collectively we pay well over 50% in taxes of all kinds.  How is it different from Russia.  The gov’t wastes our money, are always figuring out more ways to steal it from us.  How is that fair.  What do we get for our money ?  There is no value to avg person for all that we give them.

By Rob on May 24, 2017

I’d like to hear from the voters who say YES, this is fair. Please add in addition to the combined Provincial and Federal rate: GST, PST (HST), property tax, land transfer tax, sin taxes, shall we continue… When does it end? How much is too much? Can you imagine running your household finances like governments run away with our money! When are Canadians going to stand up? Ah, not know, the Stanley Cup playoffs are on.

By Andrew on May 24, 2017

If the government revoked all of the ” special interest ” legislation, the tax code would probably be more balanced for everyone, somewhat like a value added tax on everyone’s income, at a flat, unchanging rate for everyone, personal and Corporate. Underlying this is a huge problem which must be addressed first: politicians and their ” special ” friends will have no linings in their trousers !!!!

By Ken on May 18, 2017

If the taxman gets too greedy it will backfire, the rich can afford to emigrate and pay nothing more here.  It is also unfair that a couple with unequal incomes pays a lot more tax than a couple with equal incomes.  The family tax cut attempted to mitigate that, but people were jealous because it helped the rich more than the poor.  I was sorry to see it go.  I had very few clients who got the full 2000, most of my higher income clients had run out of kids.  But I did have one couple that got over a thousand with the higher income parent having only 33,000 income (partner had been self employed so got no maternity benefits);  that’s the kind of family it feels really good to bless.

By Virginia Hoover on May 18, 2017

The question relates to income taxes and yes I believe that they are far too high. The more taxes that people pay the less they have for investment and with less investment there is less economic growth. I would rather see a flat income tax of say 25% on all personal income over $25000. The first $25000 should be a tax free zone to encourage people to work and afford the very basics in life without ending up in poverty.

By Brian on May 15, 2017

No government should be entitled to half of anyone’s work. It’s a socialist’s dream. Check with the Venezuelans to see how that turned out for them.

By Alan Caplan on May 11, 2017

We hear lots of opinions of the high cost of living here in Vancouver and other cities however I never hear of the biggest contributor to that cost, the cost of government, I calculate that out of every dollar I have in income very close to 75% of it is spent on taxes, government fees, premiums, excess hydro cost, excess car insurance premiums, employment insurance fee and government claw-backs. Property taxes based on the historic value (price paid by present owner) of a property and flat tax of 15-19% on earnings in excess of $43,000 dollars per individual and much better management by our governments would be more than enough to provide much more and better services than exist at this time.

By Don on May 10, 2017

I would like to see a more even playing field for tax rates.  There is little incentive for a single parent family or lower income (capable of working) families to get a higher paying or additional income.  Social benefits are definitely required for some and could be perhaps higher for individuals who are definitely not employable - or minimally employable.  However when you hear lawyers advise a single parent to not work because their CCB and support is enough to raise their family, there is something wrong.  I do believe that there are many, seemingly unnecessary tax breaks for high net worth individuals with investments.  Good for them, but is it really the best for our country if these individuals pay little or no tax?  Tighter controls of government spending would help everyone involved (such as expense budgets, etc.)

By Diane on May 10, 2017

It is way to much tax and not equalized based on each income dollar.  The higher income is penalize for working and earning more, in addition to being limited on their CPP maximum amount. 

The 50% marginal tax rate doesn’t include the additional tax on purchased goods on the money that each individual pays out.  When considering, the additional 13% or more (like on gas).  This means that some individuals keep 37% of their income after their household expenses.

The government should start taxing hire those who are smoking, taking narcotics and drinking based on blood test since they are incurring additional cost to the health care or tax the products to compensate the additional health care cost.

The government should reduce the CPP payment amount if a taxpayer is saving for their retirement or maximizing it.

By Joanne Bedard on May 10, 2017

WHEN BUDGETS CHANGE, GUESS WHO GOVERNMENTS TARGET?
WHY, YES, THE HARD-WORKING RICH.  I LIVE IN QUEBEC, THE ONLY PROVINCE THAT FILES BOTH FEDERAL AND PROVINCIAL TAXES AND COME INCOME TAX TIME, YOU DEFINITELY FEEL THE PUNCH!

OF COURSE IT’S NOT FAIR, BUT WE CAN COMPLAIN ‘UNTIL THE COWS HOME’ ..... ALL TO NO AVAIL.

By MARIA on May 04, 2017

The financial divide between the rich and the so called middle class gets worse every year and it is tearing our society apart.  As proof all you have to do is look to the rejection of the ‘establishment’ that is occurring in many liberal democracies as the electorate makes desperate political choices in hopes of regaining some social dignity and a sense of personal purpose that their lives will be ‘OK’ for them. I truly believe that a class of what I would describe as social-economic psychopaths are legally gaining more and more financial control and social power.  As a result the moral fibre and the backbone of our community spirit; of knowing your neighbor, of being able to leave your garage door open, and working together to “build a barn” has no relevance for us.  Capitalistic competition and consumption is failing us and I fear it will be the death of the social order we all are trying to hold on to!

By Brian Brownridge on May 03, 2017

Depends on what it buys.  How about healthcare at 50% of the no-tax option.  How about prescription drugs a la New Zealand?  Would I rather pay another dollar in taxes of another 4 or 5 in prescription costs?

I wonder?

By Malcolm Palmer on May 03, 2017

Absolutely not!  Taxes are of major concern for Canadian families, amounting to a significant, and sometimes overwhelming portion of family income.  Considering income tax was introduced in the 20th century as a TEMPORARY measure, and yet not only does it still exist but increases almost annually, it’s time to re-evaluate the practice.  Effective use of taxpayer money on the government front would help :S

By Sarah on May 03, 2017