Canadians have reacted sharply to the results of a poll on taxes in Canada

A recent survey by Ipsos, one of the world's largest research companies, shows that 72% of Canadians find the tax burden on individuals in the country too high. Meanwhile, 80% of Canadians believe taxes on wealthy Canadians should be significantly higher.

While taxes for individuals seem excessive to Canadians (44% find them "too high," 28% "too high," and only 21% find them acceptable), many (42%) believe that taxes for Canadian companies should be raised significantly.

However, as many as 71 per cent of Canadians believe that consumers themselves will suffer from the increased tax burden on companies, because in their opinion, this will be followed by an imminent increase in prices.

While taxes seem too high for most average Canadians, 80% of Canadians think taxes should be much higher for the wealthy. 52% of Canadians justify this view by saying that the "very rich" spend their money on luxury goods and services rather than investing it in companies, while creating jobs. Only 24% of Canadians believe that the rich invest their savings.

At the same time, 77% of Canadians believe that the "rich" and "very rich" will transfer their savings to countries with a more attractive tax system after a tax increase for them in Canada. Only 41% believe a tax increase for the wealthy will have a positive effect.

After the results of the survey were posted on a social networking site, Canadians reacted with a flurry of comments. The post garnered nearly 2,000 comments in less than 24 hours.

"Common laborers are the ones with the highest income tax!" — reads one of the most popular comments. "And they have the hardest time hiding their income," echoes another angry Canadian. — If you're rich, you have thousands of ways to hide from taxes."

"Spreading your 200,000 a year between your wife and children to reduce your tax is unfair," writes another commentator. — It's not fair that the average Canadian pays more in taxes than some rich person".

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The following commentator does not quite agree with them. "People making 100,000 a year should not be taxed even more. Taxes should go up on purchases of real estate and luxury goods. That way we raise taxes on the right people," he believes.

After all of the above, it is worth considering that, according to an Ipsos poll, nearly two-thirds of the Canadian population finds Canada's tax laws unnecessarily confusing.

As a reminder, the basic personal income tax in Canada is called the federal income tax. Like in many other developed countries, this tax payment has a progressive scale, meaning that it depends on how much you earn. In 2023, if a Canadian earns up to $50,000 CAD annually, he or she will pay 15% tax. If he earns more than 50,000, however, the tax will increase to 20.5%. The lucky ones who earn more than $100,000 CAD a year will have to pay 26% of their income to the state. And so on. The maximum tax for those whose income is more than $220,000 CAD is 33%.

For comparison: in France, where also a progressive tax rate, the minimum income tax (up to 26,000 euros per year) is 11%, and the maximum (over 160,330 euros) is 45%.

Don't forget that in addition to the federal tax, there is also a provincial tax in Canada. It varies from 5.05% to 15%, depending on which province you live in.

More about taxes in Canada — in our article.