Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

dot asked in Politics & GovernmentPolitics · 7 years ago

how high is income tax in Canada?

i heard that income tax in Canada is a lot higher than the US, is this true?

1 Answer

  • 7 years ago
    Favorite Answer

    Generally speaking, yes. Canada does have "free" medical care, after all. Gotta pay for it somehow. Also, in Canada, the government doesn't tend to run huge deficits by failing to tax its people at the level that spending requires, although some provinces are worse than others in this regard. Generally speaking, a high-tax state like Massachusetts is about like typical Canada taxation levels. Canada also has a sales tax (a Goods and Services tax) on just about everything.

    I would say that the big difference between the US and Canada is that Canada tends to tax close to the amount that the government plans to spend. In the US, people don't want to pay for what they get. Canadians tend to understand that, well, taxes suck, but if you want services, guess what?

Still have questions? Get your answers by asking now.