When a dollar earned triggers higher taxes and simultaneously reduces benefits, what’s left to spend or save? A look at effective tax rates across provinces shows that many low-income families in Canada take home 40 cents or less on the additional dollars they earn. The marginal effective tax rate – which accounts for how much
Low-Income Canadian Families Squeezed From Both ends
When a dollar earned triggers higher taxes and simultaneously reduces benefits, what’s left to spend or save? A look at effective tax rates across provinces shows that many low-income families in Canada take home 40 cents or less on the additional dollars they earn. The marginal effective tax rate – which accounts for how much