WhatFinger

The Effect on Canadian Families of Changes to Federal Income Tax and CPP Payroll Tax

CPP tax increase and Ottawa’s income tax changes mean higher taxes for virtually every Canadian family


 CPP tax increase and Ottawa’s income tax changes mean higher taxes for virtually every Canadian family  class= VANCOUVER—More than 90 per cent of Canadian families with children will pay higher taxes once the Canada Pension Plan (CPP) tax increases are fully implemented, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The first of seven increases to the CPP tax, which all workers must pay, will start this time next year.
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