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Old 09-22-2021, 11:38 AM   #70
Leondros
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Join Date: Mar 2011
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Quote:
Originally Posted by Fuzz View Post
https://www150.statcan.gc.ca/n1/dail...90924b-eng.htm


So no, not 40 ,or around 50%, which is the top actual tax bracket with provincial share. So they are paying ~20% less effective tax, which is all I was getting at.
If you want to talk about effective tax rates sure, but that is still 20% higher than the average Canadian:

Individual Canadian tax filers spent, on average, 11.7% of their modified total income on federal and provincial/territorial income taxes.

Effectively that is the exact same delta (~20%) on the marginal tax brackets between average and 1%.
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