Top 20% of Canadian earners pay 58.3% of all taxes, study warns against rate hikes
A Fraser Institute report shows that Canada's top income quintile shoulders 58.3% of total taxes, far above its income share, raising concerns about the limits of progressive taxation. The study cautions that higher taxes on top earners could provoke capital flight and reduced economic growth, impacting markets and investment.
Source: Hannaherald · National Post