HomeWorldDataEarnings vs Income Tax based on 2024 Canadian Progressive Tax System [OC], Source: Government of Canada Individual Income Tax, Tools: Excel.
If I’m reading this correctly, if you are in Quebec and earn 500,000, the total income tax (sum of Federal and Provincial taxes) is 265,781, that is, over half of your income is taxed?
![Earnings vs Income Tax based on 2024 Canadian Progressive Tax System [OC], Source: Government of Canada Individual Income Tax, Tools: Excel.](https://www.europesays.com/wp-content/uploads/2024/08/ax5kvmj784kd1.png)
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If I’m reading this correctly, if you are in Quebec and earn 500,000, the total income tax (sum of Federal and Provincial taxes) is 265,781, that is, over half of your income is taxed?