Nearly all of us to pay more income and payroll taxes

Posted by Québec de Droite in , on mercredi 29 décembre 2010

Extrait de: Nearly all of us to pay more income and payroll taxes, Amy Minsky, The Gazette, December 29, 2010  

Most working Canadians will pay more in income and payroll taxes in 2011, the Canadian Taxpayers Federation says in a study released yesterday.

The nationwide hikes are largely due to an increase in employment insurance and the Canadian Pension Plan, said Derek Fildebrandt, the federation's national research director.

CTF - Increase tax

Source : Income and Payroll Tax Burden, Taxpayer.com

"EI and CPP are the common villains," he said. "Everybody across the country is going to suffer from the government's decision to create all these new programs they want to fund through the EI fund."

The federation's annual new year tax change calculations, which were based on several income and family scenarios adjusted to inflation, found there will be a national average two per cent increase in 2011 over 2010.

Traditionally, the federation's calculations have predicted some winners and some losers, depending on individuals' income level, family scenarios and the province in which they live, Fildebrandt said. But this year, that trend has been bucked.

"This year, everyone loses," Fildebrandt said. "Although, some more than others.

"In every province, family and income scenario, our research finds that the government's take from inflation-adjusted incomes will increase, in some cases, substantially."

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