Columnists

Hennessy's Index
A number is never just a number: Taxing times

| May 1, 2012
Photo: Alan Cleaver/Flickr

31%
That's how much of Canada's economy is made up of income, sales, corporate, property and other taxes we pay to all levels of government. (Source)

~$38 billion
That's how much less Canadians now pay in individual income tax compared to 2000. (Source)

~$19 billion
That's how much less Canadians pay now in sales taxes compared to 2000. Since the Harper government cut the GST by two points in 2007, the average annual revenue loss to the treasury is about $12 billion. (Source and source)

~$18 billion
That's how much less corporations pay now in Canadian taxes compared to 2000. (Source)

$11,747
Total income tax a person with an annual income of $50,000 will pay in Quebec for 2011, the highest regional amount in Canada. (Source)

$8,349
Total income tax that same person would pay in Nunavut, the lowest regional amount in Canada. (Source)

$41,000
Average amount middle-income Canadian families enjoy in public services that their taxes fund. It's worth about 63% of their income. (Source)

64%
That's how many Canadians are willing to pay slightly higher taxes to protect our social programs. (Source)

60%
That's how many Canadians say they'd be more likely to support a political party willing to raise taxes on the rich. (Source)

2%
Tax hike for Canadians making between $170,000 and $640,000 that a new organization, Doctors for Fair Taxation, recommend federal and provincial governments adopt. (Source)

2%
Extra taxes Ontarians earning $500,000 or more will pay due to a temporary surtax. It affects about 23,000 people who will pay, on average, about $19,000 more in taxes. (Source)

49.5%
Ontario's marginal tax rate once the new tax hike on the highest income earners kicks in. In the 1950s, the '60s and early '70s the marginal tax rate (including federal and provincial) for this income range was 80 per cent. (Source and source)

75%
Percent of taxes France's Socialist Party candidate François Hollande proposes to levy on millionaires in that country. (Source)

The Canadian Centre for Policy Alternative's Trish Hennessy has long been a fan of Harper Magazine's one-page list of eye-popping statistics, Harper's Index. Instead of wishing for a Canadian version to magically appear, she's created her own index -- a monthly listing of numbers about Canada and its place in the world. Hennessy's Index -- A number is never just a number -- comes out at the beginning of each month.

Comments

Bravo Trish Hennessy!

All the numbers in the Kershaw article (sources for points 2 to 4) appear to be wrong, when you check them against the actual revenue data available here:

http://www.statcan.gc.ca/pub/11-402-x/2010000/chap/gov-gouv/tbl/tbl01-en...

In fact, comparing 2000 with 2009, individual income tax is up more than $50 billion, sales taxes are up more than $15 billion, and corporate taxes are up by $14 billion.

I think Paul Kershaw would benefit from the services of a fact-checker.

Login or register to post comments