High-income earners paid $4.6-billion less in taxes in 2016 despite higher rate for top 1 per cent

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Aug 10, 2018
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The Liberal government’s tax on Canada’s top 1 per cent failed to produce the promised billions in new revenue in its first year, as high-income earners actually paid $4.6-billion less in federal taxes.

The Liberal Party’s campaign platform said a new top tax bracket would raise nearly $3-billion a year, but an analysis of recently released data from the Canada Revenue Agency (CRA) shows the expected benefit didn’t materialize.

https://www.theglobeandmail.com/pol...aid-46-billion-less-in-taxes-in-2016-despite/