The proposal lifts the rates on the two highest existing brackets by two percentage points and adds a new top bracket. Taxable income from $190,405 to $265,545 would be taxed at 18.8 per cent, up from 16.8 per cent.
Income from $265,545 to $1 million would move from 20.5 per cent to 22.5 per cent. Income above $1 million would face 24.5 per cent.
Each rate applies only within its bracket. Everyone keeps the current rates on their first $190,405. Daily Hive calculated that a taxpayer with $200,000 in taxable income would pay about $192 more a year.
I’m sorry, 5k a year? When the legislation is actually taxing people that make 200k+ a year at an additional $192/year.
At $250,000 the increase would be about $1,192, and at $1.5 million about $36,192.
Your claim of 5k additional taxes, then you’re claiming you make about 440k/annual. So current take home is 20,700/month. After new legislation take home would be 20,300/month.
That type of salary puts you in the top 0.5% of income tax filers in Canada. You, allegedly, make more than 99.5% of tax filing Canadians and you don’t want to pay an extra $400/month in tax?
My friend, it’s not like it bring true even helps your argument. You’re not the victim. You’re the rich person who doesn’t want to marginally pay their fair share.
If you’re worried about that 400/month then you should skip your daily Starbucks matcha latte and avocado toast. Budgeting really helps.
New anonymous accounts spouting conservative rhetoric while saying they voted NDP in the past (all during elections) does not exactly instill trust in what you say.
I don’t expect you to agree with me. I’m merely explaining that this campaign promise of the NDPs has affected my vote.
And it’s so funny… my conservative friends call me a liberal shill. The (what appears to so far be somewhat of an intolerant) cesspool here claims I spout conservative rhetoric.
In reality, I’m a left leaning centrist who thinks he pays enough in taxes. I know, go figure.
And, in BC, raise the fuck out of my taxes. No thanks!
This tax raise?
Emphasis first:
https://businessexaminer.ca/real-estate/item/bc-ndp-proposes-higher-income-tax-above-190-405-to-raise-1-billion-a-year/
It would cost me about 5k a year if this tax hike was enacted.
Yes, I am a high income earner.
No, I don’t want to pay more in taxes.
Sure enough, the NDP bankrupted the province… I voted for them, but am not impressed.
I’m sorry, 5k a year? When the legislation is actually taxing people that make 200k+ a year at an additional $192/year.
Your claim of 5k additional taxes, then you’re claiming you make about 440k/annual. So current take home is 20,700/month. After new legislation take home would be 20,300/month.
That type of salary puts you in the top 0.5% of income tax filers in Canada. You, allegedly, make more than 99.5% of tax filing Canadians and you don’t want to pay an extra $400/month in tax?
I’m doubting the veracity of what you’re saying.
I dont much care of you dont believe me, but thats the truth.
Learn a skill. Start a business doing said skill.
My friend, it’s not like it bring true even helps your argument. You’re not the victim. You’re the rich person who doesn’t want to marginally pay their fair share.
If you’re worried about that 400/month then you should skip your daily Starbucks matcha latte and avocado toast. Budgeting really helps.
New anonymous accounts spouting conservative rhetoric while saying they voted NDP in the past (all during elections) does not exactly instill trust in what you say.
I don’t expect you to agree with me. I’m merely explaining that this campaign promise of the NDPs has affected my vote. And it’s so funny… my conservative friends call me a liberal shill. The (what appears to so far be somewhat of an intolerant) cesspool here claims I spout conservative rhetoric. In reality, I’m a left leaning centrist who thinks he pays enough in taxes. I know, go figure.
Congratulations on learning that liberals aren’t leftists.