What is the average tax rate for people in Canada? Also, what is the average tax rate for rich people?
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By average tax rate, I mean all the taxes in the end. Not just income tax. Thanks.
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Answer:
Provincial taxes range from 8 to 20% in Quebec for 2nd tier taxation. There are all kinds of other taxes that are applied besides income tax. Federal taxes are about 15% over the country, then you have capital gains taxes, other income taxes, but also many tax exemptions and credits.
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