Eby’s New Tax on the Wealthy Would Make BC Highest Tax Jurisdiction in OECD: Economist
B.C. NDP Leader David Eby’s proposed income tax increases would raise the province’s top marginal tax rate to 24.5 percent, the highest since 1981, and give B.C. the highest provincial top marginal tax rate in Canada, according to economist Trevor Tombe. Combined with federal taxes, the changes would give B.C. a top personal marginal tax [...]
TL;DR
- David Eby's proposed income tax increases in B.C. could raise the top marginal tax rate to 24.5 percent.
- This rate would be the highest in B.C. since 1981.
- Economist Trevor Tombe stated this would make B.C. have the highest provincial top marginal tax rate in Canada.
- With federal taxes, the top personal marginal tax rate in B.C. would become 57.5 percent.
- The tax rate gap with Alberta would return to levels seen in the 1990s.