I'm sure there are. Are you suggesting that the Canadian tax system is less confiscatory than the U.S.?
How about property taxes? How do they compare?
And what exactly is " PEI taxes 10%"?
PEI taxes 10% , Alberta taxes 0% because they don’t have a provincial sales tax but they do charge the 5% GST Federal Tax . Prince Edward Island would be 10% plus the GST federal tax of 5% . Property taxes would depend on which municipality the property was in .
On Capital Gains only 50% is taxable . On a Tax Free Savings Account , up to $5000 invested each year , the income can come from stocks/bonds/savings accounts , there is no tax.
Is the Canadian tax system is less confiscatory than the U.S.? I don’t know . How does one fairly judge that?
I do know , for unlike in the US , the lucky few in Canada that win the lottery or beat a slot machine the winnings are tax free . I also know that Ontario has only one toll highway that can easily be avoided and it costs me $37.50 to tag my car for a year . I consider both those a tax so I really don’t know.