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Benchmarking Provincial Tax Burdens The Conference Board of Canada, 61 pages, May 2, 2016 Report by Julie Adès

Benchmarking Provincial Tax Burdens

The Conference Board of Canada, 61 pages, May 2, 2016
Report by Julie Adès

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This report compares the tax burden on businesses and individuals among provinces based on the calculation of average tax burden ratios. It also discusses the concept of the marginal effective tax rate. Document Highlights This report compares the tax burden on businesses and individuals among provinces based on the calculation of average tax burden ratios. The report is divided into two main sections: one focuses on the business tax burden ratios and the other on the personal tax burden ratios. Our calculations in the business segment of the study rely on Statistics Canada’s data and, in the personal segment, on a combination of Statistics Canada and Canada Revenue Agency data. This report also discusses the concept of the marginal effective tax rate and presents results from external studies. The tax burden is a key factor affecting both the cost of living and the cost of doing business. As such, this research provides Canadian organizations with valuable information on the tax attractiveness of each province. This research was undertaken by The Conference Board of Canada with funding and support from KPMG and Rio Tinto. Table of Contents RÉSUMÉ EXECUTIVE SUMMARY Executive Summary Comparing Business Tax Burdens Comparing Personal Tax Burdens Chapter 1–Introduction Chapter 2–Provincial Business Tax Burden Comparing Statutory Corporate Income Tax Rates Comparing Businesses’ Average Tax Burden Other Approaches Conclusion Chapter 3–Provincial Personal Tax Burden Personal Income Tax Rates by Income Brackets Comparing Provincial Personal Tax Burden Ratios Provincial Personal Income Tax Burden Ratios by Income Group Conclusion Chapter 4–Conclusion Appendix A–Bibliography

This report compares the tax burden on businesses and individuals among provinces based on the calculation of average tax burden ratios. It also discusses the concept of the marginal effective tax rate.

Document Highlights

This report compares the tax burden on businesses and individuals among provinces based on the calculation of average tax burden ratios. The report is divided into two main sections: one focuses on the business tax burden ratios and the other on the personal tax burden ratios. Our calculations in the business segment of the study rely on Statistics Canada’s data and, in the personal segment, on a combination of Statistics Canada and Canada Revenue Agency data. This report also discusses the concept of the marginal effective tax rate and presents results from external studies.

The tax burden is a key factor affecting both the cost of living and the cost of doing business. As such, this research provides Canadian organizations with valuable information on the tax attractiveness of each province.

This research was undertaken by The Conference Board of Canada with funding and support from KPMG and Rio Tinto.

RÉSUMÉ

EXECUTIVE SUMMARY

Executive Summary
Comparing Business Tax Burdens
Comparing Personal Tax Burdens

Chapter 1–Introduction

Chapter 2–Provincial Business Tax Burden

Comparing Statutory Corporate Income Tax Rates
Comparing Businesses’ Average Tax Burden
Other Approaches
Conclusion

Chapter 3–Provincial Personal Tax Burden

Personal Income Tax Rates by Income Brackets
Comparing Provincial Personal Tax Burden Ratios
Provincial Personal Income Tax Burden Ratios by Income Group
Conclusion

Chapter 4–Conclusion

Appendix A–Bibliography

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