DO THE RICH PAY THEIR FAIR SHARE OF TAXES?

There is a common and mistaken impression in Canada that the country’s top earners are getting away with paying relatively little tax. This misperception has been fuelled by governments, especially the current federal government, which has invoked “tax fairness” to justify recent tax changes such as the creation of a new and higher top personal income tax rate of 33 percent—an increase from the previous top federal rate of 29 percent.
The fact is that Canada’s top income-earners pay a disproportionate—and growing—share of all taxes collected by government.