Government commitment
Completed - fully metStrong Middle ClassCycle 2015· status updated Mar 22, 2019
Raise taxes on the top 1% of earners.
Mandated to: Minister of Finance
What success looks like
A fairer tax system where the richest pay their share.
Government's narrative on progress
In 2016, the government raised taxes on the wealthiest 1 per cent of Canadians -- those earning more than $200,000 a year – so that it could cut taxes for the middle class. Specifically, the government introduced a new top personal income tax rate of 33 per cent, an increase from 29 per cent. In 2019, due to inflation adjustments, the top 33-per-cent rate applies to individual taxable incomes above $210,371.
Note: this is the government's own description, not an independent assessment.