Top 10% of income-earners earned 34% of Canada’s total income—yet paid more than 54% of total income taxes
Should Upper-Income Canadians Pay More Income Tax?
By Fraser Institute —— Bio and Archives--January 23, 2020
Canadian News, Opinion | Comments | Back To Full Article
TORONTO—The share of income tax paid by the top 10 per cent of income-earners in Canada is markedly disproportionate to the share of income earned by this group of Canadians, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Despite common misperceptions and misleading rhetoric, our top 10 per cent of income-earners pay more than half of Canada’s income taxes—and this group includes people that few would consider wealthy,” said Philip Cross, former chief economic analyst at Statistics Canada, senior fellow at the Fraser Institute and author of Should Upper-Income Canadians Pay More Income Tax?Welcome to CFP’s Comment Section!
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