Taxes

Last week I spoke about the need to make your savings untaxable. This week the federal budget was released and our federal deficit is projected to be over $40 billion. This included a change to make the top 1% of income earners pay more in tax. Considering that our economy is being slowed down to … Read more

In Ontario, the top marginal tax rate is 53.53%. Tax rates can’t go up any higher. Can they?? Although 53.53% seems like a lot, historically it is quite low. Can you believe that between 1936 and 1980, the top tax rate exceeded 70%, maxing out at 92-94% in the 1940’s and 1950’s? Considering that both … Read more