Ontario's NDP

Ontario's NDP

September 24, 2007 11:48 ET

See the Changes Working? In McGuinty's Ontario Rich Get Richer, Working Families Get More of the Same

TORONTO, ONTARIO--(Marketwire - Sept. 24, 2007) - Statistics Canada is reporting that the gap between high-income Ontarians and working families continues to grow - which raises the question: Why is Dalton McGuinty supporting a regressive health tax that lets those who can most afford to pay facing the smallest tax increases?

"High-income Canadians got a lot richer between 1992 and 2004, while the rest of the population made little financial progress," says a new study released Monday.

The Statistics Canada study, which used tax returns to explore trends among high-income earners, found the top five per cent of the tax-filing population accounted for 25 per cent of total income in 2004, up from about 21 per cent in 1992.

But researchers found little improvement elsewhere...

Almost half (46 per cent) of the top five per cent of tax-filing Canadians lived in Ontario."

Canadian Press, September 24, 2007

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