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’
