In Canada the top rate of 50 percent hits anyone making over $60k Usd for comparison.
Most trades in Canada are max tax rate, because the max tax rate kicks in at extremely low levels compared to USA.
Most trades in Canada are max tax rate, because the max tax rate kicks in at extremely low levels compared to USA.
Someone earning 60K USD in Canada (~75K CAD) would have a marginal income tax rate ranging from 27% to 38%, depending on their province. If they're a contractor, they'd have access to a bunch of deductions against their expenses. They could further use an RRSP to shelter their income, or at least defer taxes to future years with lower income, thus driving their average tax rate down.