The quarterly declines in real per-person GDP have occurred before, during and after the pandemic.
income tax rates
Salaries for municipal government staff in Toronto were an estimated 11.2 per cent higher than private-sector rates.
More than 60 per cent of lower-income families now pay higher federal income taxes.
The federal carbon tax will rise to $80 per tonne this year.
The federal government raised the top income tax rate from 29 per cent to 33 per cent.
The top 10 per cent earned 29.1 per cent of all income but paid 35.8 per cent of the total tax burden.
Between 45 to 50 per cent of all federal revenue comes from the personal income tax.
The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
Sweden has comparatively high payroll tax rates at 31.4 per cent.
The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.