They also pay 53 per cent of the country\u0027s total taxes. Read more to find out how this compares to their income and to other Canadians
The report notes that increasing taxes on the wealthy is often pitched as a populist measure, with progressive politicians claiming the rich don’t pay their fair share, and that fiscal problems can be solved by boosting taxes on the wealthy.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The report also contrasts taxes paid with the share of the total income in Canada. That top quintile of income earners, making more than $227,486, are paying nearly two-thirds of Canada’s income taxes, but receive around 44.6 per cent of the total income.is paying more than its share of income taxes when measured on a proportional basis,” the report says.
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