Canada has what’s known as a “progressive tax system.” That means a payable tax rate increases as your income surpasses certain thresholds—like steps on a ladder. The alternative to a ...

Here’s how proposals from the NDP, Liberals, Conservatives and Green Party could affect your cash flow—and maybe help decide ...

over 16.7 million Canadians have already filed their income tax returns, according to the Canada Revenue Agency (CRA). Of that total, 63% are eligible for a tax refund, with the dollar amount per ...

Want to know how your income tax is calculated? The gross tax is calculated on the basis of a progressive scale. This amount is adjusted to determine the net tax payable. To calculate your tax ...

Conservative Leader Pierre Poilievre says he will introduce an income tax cut that will save the average worker about $900 a year if he becomes prime minister.