The top 20 percent of income-earning families in Canada contribute nearly two-thirds of the country’s personal income taxes and more than half of total tax revenue, a new study suggests.
The highest income-generating households contribute 65.3 percent of the total personal income taxes and 58.3 percent of all taxes, while earning 49.5 percent of the total family income in Canada, according to a newly published report by the Fraser Institute.
Despite this, the report authors wrote that there is a “common misperception” in Canada that top income earners do not pay their fair share of taxes. They argued that assessing “fairness” requires examining the relationship between the share of income earned by a group and the share of total taxes it contributes….