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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.

Source: Privy Council Office Mandate Letter Tracker on open.canada.ca. Commitment ID: 2015-328