Personal income tax rates are being hiked across the board, between one and three percentage points depending on income. Other tax hikes include a higher HST rate (from 13 per cent to 15 per cent), higher corporate income tax rate (from 14 per cent to 15 per cent), and increases to a host of other taxes. The government has even introduced a new temporary income-contingent head-tax that will cost Newfoundlanders up to $900.
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