immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

StatsCan

StatsCan: The share of federal and provincial taxes paid by the richest one per cent of earners fell to 20.8 per cent in 2011, from 23.3 per cent in 2007 , says an analysis from the Globe and Mails Economy Lab, according to Huffington Post. Its another potential sign that Canadas tax system is incrementally becoming more favourable to high-income earners, as well as to corporations and Canadas wealthiest people are paying a shrinking amount of the countrys total tax burden, according to an analysis of new StatsCan data . Thats not because the rich are getting poorer; StatsCans data on high-income earnings finds l ittle change in recent years in the share of income taken by the wealthiest Canadians. (www.immigrantscanada.com). As reported in the news.