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Canada's budget to increase taxes on the wealthiest, says source (www.reuters.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 28 points 6 months ago (13 children)

Usually I'm supportive of tax hikes on the rich, but I think it's important to note that the top tax bracket in Canada is $246752. Canada needs more granular tax brackets at the top end.

[–] [email protected] 5 points 6 months ago

While I agree that top tax brackets could use more granularity, it’s also important to note that it’s only income above that amount that gets taxed more. I’m personally okay with anything above that being taxed a lot and at the same (high) rate.

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