“And many of Canada’s taxes are incurred on the purchase of items like cars.”
My current income tax / CPP bill is about 35% of my gross income.
AFTER that is taken off the top of my cheque, I pay a 7% provincial sales tax, and a 5% federal sales tax. On everything I buy new. Let me repeat that for emphasis: these two taxes are on everything except food and water.
Is your tax bill even HALF mine?
Oh, and I’ve not bought a NEW car ever, but I get to pay provincial sales tax on every car I have bought. At least the fedgov has stayed out of that for now.
It's sad enough the Americans posting here regard this article in ignorance , you should know better. CPP deductions are also a tax deduction , stop at a gross income of 46K and if your average tax rate is 35% then you live in Quebec and make at least $120,000 a year. The tax on that amount in Ontario is 30.6% , on $60,000 , 21%. Including both Fed and Prov. taxes.
The truth is taxes in both countries are very close.