Taxing the über-rich
Taxing the über-rich
By Joe Rivera
A few nights ago while working on our 2009 income tax returns, I noticed that my wife has paid to Revenue Canada close to 20 per cent of her salary as income taxes which were deducted at source. This is much more than I earn annually from my part-time teaching job and my small retirement pension. Aside from her salary, my wife also earned additional income from royalties (mostly from the Public Lending Right Commission), permission from a publisher to include her work in a book, and a grant from the Toronto Arts Council.
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