{"id":5,"date":"2026-08-29T09:00:00","date_gmt":"2026-08-29T09:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/sharonfinancial-ca\/2026\/08\/29\/canada-nearly-half-pay-no-net-income-tax\/"},"modified":"2026-08-29T09:00:00","modified_gmt":"2026-08-29T09:00:00","slug":"canada-nearly-half-pay-no-net-income-tax","status":"publish","type":"post","link":"https:\/\/www.sharonfinancial.ca\/blog\/2026\/08\/29\/canada-nearly-half-pay-no-net-income-tax\/","title":{"rendered":"Canada: Nearly Half Pay No Net Income Tax"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/sharon-51\/canadian-tax-refunds-remotion-videos-a03f\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>A tech executive&#039;s weighted-vote idea drew backlash, yet it spotlighted a debate over whether shrinking direct tax contributors can sustainably support expanding public commitments.<br \/>\nIn 2023 tax data, ~6M adult filers paid no combined income or payroll tax; after transfers, ~15M paid nothing on net or came out ahead.<br \/>\nCanada relied on personal income taxes for ~37% of tax revenue in 2023, above the ~24% avg. across peer countries that year.<br \/>\nFederal and provincial changes pushed more tax load upward; with combined top rates above ~53% in many provinces, mobile professionals may rethink effort and location.<br \/>\nThe argument rejected weighted voting, but urged debate over whether every Canadian should contribute something in income tax if government commitments keep expanding.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A tech executive&#039;s weighted-vote idea drew backlash, yet it spotlighted a debate over whether shrinking direct tax contributors can sustainably support expanding public commitments. In 2023 tax data, ~6M adult filers paid no combined income or payroll tax; after transfers, ~15M paid nothing on net or came out ahead. Canada relied on personal income taxes [&hellip;]<\/p>\n","protected":false},"author":372,"featured_media":42,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/users\/372"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/comments?post=5"}],"version-history":[{"count":0,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts\/5\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/media\/42"}],"wp:attachment":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/media?parent=5"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/categories?post=5"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/tags?post=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}