Updated to 2009 Tax Year You may or may not be aware that Canada’s income tax system is set up in a “progressive” manner. Basically the more you earn, the more you are taxed. In fact you may have heard people referring to high-income earners losing half of what they make to the government. While [...]
What is a "Marginal Tax Rate?"
This is a basic concept that should be understood as it is referred to on a regular basis. When you look it up, the definition almost always seems to include this: “The percentage of tax you pay on the last dollar you earned.”…
Recent Comments