VANCOUVER—Workers in Canada—across all income levels—pay higher personal income tax rates than workers in the United States, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Our high income tax rates can deter professionals, entrepreneurs and businessowners from working and investing in Canada, which is bad for the Canadian economy as we look to recover from the COVID recession,” said Tegan Hill, an economist at the Fraser Institute and co-author of Canada’s Rising Personal Tax Rates and Falling Tax Competitiveness, 2020.
