4 ms·

He mentions the 50% figure a lot of times and it's one I find particularly interesting, because in a lot of countries which tend to have good socialized healthc

He mentions the 50% figure a lot of times and it's one I find particularly interesting, because in a lot of countries which tend to have good socialized healthcare, social security, et al and don't have to run deficits or anything like that, tend to have personal tax rates of AROUND 50%.

pedalpete 18y ago
Yup! As a Canadian we can pay more than 50% income tax plus Provincial taxes, sales taxes and all the other taxes. It doesn't stop Canadians from operating businesses. RIM is Canadian, EA has a huge operation in Canada. When you hear of companies moving from Canada to the US, I believe it is more often brain drain than due to the taxes.
- jdminhbg 18y ago
  > I believe it is more often brain drain than due to the taxes. Maybe the two are related somehow.
- Maascamp 18y ago
  I'm Canadian living in Vancouver and certainly do NOT get taxed 50%. In fact, my income tax (percentage) now is less than it was a year and a half ago when I lived and worked in New York city.
- cvg 18y ago
  The Western provinces have lower tax burdens than many states in the US. I compared a few income and family situations with my California income, and there's a 5-10% savings in taxes. Add in the free healthcare and the option to get a 15% rate on small business and British Columbia is looking really good. If only the weather was good. Canada Tax Estimate Calculator: http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculators_-_2008_Personal_Tax http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculator...