RE:RE:RE:RE:RE:RE:Capital gains increased taxes WILL hit farmers HARD,,,,,,,,,Hey PACKER__Indeed a LOT of INTERESTING DATA in that PDF Link You POSTED !!!!
Including
THIS Employee tax on labour income
The employee net average tax rate is a measure of the net tax on labour income paid directly by the employee.
In Canada, the average single worker faced a net average tax rate of 25.6% in 2023, compared with the OECD average of 24.9%. In other words, in Canada the take-home pay of an average single worker, after tax and benefits, was 74.4% of their gross wage, compared with the OECD average of 75.1%.
Taking into account child related benefits and tax provisions, the employee net average tax rate for an average married worker with two children in Canada was 14.3% in 2023, which is the 20th highest in the OECD, and compares with 14.2% for the OECD average. This means that an average married worker with two children in Canada had a take-home pay, after tax and family
benefits, of 85.7% of their gross wage, compared to 85.8% for the OECD average.
Seems to ME that These RATES Compare QUITE WELL With the Capital Gain Rates @ the
50% INCLUSION Rate__With the NEW 66.6666 % Rate NOT BEING Necessary for the
MUCH TOUTED Government EXCUSE for ""FAIRNESS"" eh !!!!!
packerdriver wrote: DivChase wrote: Your missing the point as usual. The question is not how low should we reduce taxes. The question is why do taxes as a percentage of income or profit always have to increase. Year after year after year. Why does inclusion rate need to go up as well? If people are prospering as libtards claim the tax revenue will increase with the same taxation rates, as people's incomes/profits increase. Clearly Canada's pisspoor performance and productivity is a result of liberal mismanagement. Otherwise the rates should always stay the same. But we are always getting increases, new taxes, taxes on top of taxes. Service charges (hidden tax)All because of thier stupid campaign promises the cause poor productivity as a nation. Your opinion that taxes increases are ok just because YOU perceive these people as rich is what drives investment from Canada. Sorry but people like you truly are a curse to the economy.
You're not going to like this....the second federal tax bracket (55,867 to 111,733) has been taxed at 20.5% since 2016....prior to that it was taxed at 22%. It was the new, at the time, "libtard" government that did that.
You say taxes in Canada are too high and always always going up??? You might want to read this
https://www.oecd.org/tax/tax-policy/taxing-wages-canada.pdf
Anyway it doesn't matter does it...in a little over a year we'll have a new Conservative government taxes will go down, houses will be cheap and plentiful. Homelessness will be a thing of the past and we won't have to lock our doors at night anymore. Can't wait!