Someone making over $217,000, after incorporating the 7% income tax cut on that second tax bracket, will actually face a higher income tax level at $217,000, which I understand is actually indexed to inflation, so next year it'll probably be at $220,000, give or take what the number comes out at. Someone making more than $220,000 in this great country of Canada will pay a little more in income tax. But $220,000 is a substantial amount of money for most Canadians. Is that not correct?
On April 12th, 2016. See this statement in context.