New tax rules take effect, top earners pay more…

0
17

The new year in Canada has arrived, bringing with it new tax rules, as the Liberal government fulfills a campaign promise to bring some financial relief to middle-class income earners.

Beginning Jan. 1, the income tax rate for people earning between $45,000 and just under $100,000 a year drops to 20.5 per cent, from the old rate of 22 per cent.

Read the full article...