Birdwatch Note Rating
2024-12-28 13:45:50 UTC - HELPFUL
Rated by Participant: 5CDA5583F5A1C35F417FB014D23138B4DF4034E945CB8E73200694EDF78BA081
Participant Details
Original Note:
The highest marginal income tax rate for 2024 in Canada, including provincial income tax, is 54%. That rate only applies to the portion of income that is over $246,752 (CAD). It is not possible to pay “nearly 70%” of one’s income in income taxes anywhere in Canada. https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
All Note Details