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by wk_end
3012 days ago
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Your overall point is totally correct, and as a Canadian I dislike the way Americans often perceive Canada as this place that's basically America but better - that they're entitled to move to in order to escape their issues with their own country. But I wish people would stop spreading the myth that Canadian taxes are necessarily significantly higher than American ones. The highest federal income tax bracket in Canada is taxed at 33% [1], which is very comparable to US rates. Certainly, provincial taxes do tend to push things a little higher, and by comparison there are US states with very low or non-existent tax rates. But if you live in SF or New York, with their high state and city taxes, your income tax burden would be barely any higher in Vancouver or Toronto. [1] https://www.canada.ca/en/financial-consumer-agency/services/... |
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