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 ...

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 ...

As you earn more income, you climb further up Canada’s federal and provincial/territorial tax brackets—also known as marginal tax rates. Your marginal tax rate refers to the rate at which your ...