Canada’s personal income tax – then and now …

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A fun comparison of tax in 1917 to today:

1917

  • Number of pages in the Income Tax Act: 6
  • Number of words in the Income Tax Act: 3,999
  • % of federal revenues: 2.6%
  • % of Canadians who file income taxes: 2%
  • Federal tax rate: 4%
  • Tax collected per person in Canada (2016 dollars): $14

2016/17

  • Number of pages in the Income Tax Act: 1,412
  • Number of words in the Income Tax Act: 1,000,000+
  • % of federal revenues: 51%
  • % of Canadians who file income taxes: 75%
  • Federal tax rate: 33% (top rate)
  • Tax collected per person in Canada (2016 dollars): $4,120

Source: POSTMEDIA NETWORK, Canada’s personal income tax balloons: ‘The fears policymakers had have all come true’