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by sterwill 1910 days ago
Interesting, that's a pretty low threshold for such a high rate.
1 comments

stormqloud seems to have a bit of an axe to grind, so it's worth taking their words with a grain of salt.

Someone earning 60K USD in Canada (~75K CAD) would have a marginal income tax rate ranging from 27% to 38%, depending on their province. If they're a contractor, they'd have access to a bunch of deductions against their expenses. They could further use an RRSP to shelter their income, or at least defer taxes to future years with lower income, thus driving their average tax rate down.