Progressive Taxation Alive and Well in Canada

Speaking of Canada’s tax filers, Statistics Canada has also revealed that the richest 1% of Canadians paid 21.2% of all federal and provincial or territorial income taxes in 2010. By comparison, this group earned 10.6% of all income.

This amounts to a median income tax bill of $90,100 for the wealthiest Canadians, versus $1,800 for the rest of us.

This is a reflection of progressive income taxation in Canada. Food for thought: if taxes on cigarettes discourage smoking, do taxes on earnings discourage working?

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  • About Gregory Cummings

    Gregory Cummings writes about Canadian monetary and economic policy. His writing has been featured at the Ludwig von Mises Institute of Canada and the Ludwig von Mises Institute's Mises Daily publication. Read more.

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