Newcomers to Canada
Canada’s income tax system is progressive.—WHAT DOES THAT EVEN MEAN? 🤔
🚰 Imagine pouring water into a bucket. As the water overflows, it cascades into another bucket.
With each bucket, you're only taxed on the amount of water in each bucket!
Canada’s income tax system is progressive.—WHAT DOES THAT EVEN MEAN? 🤔
🚰 Imagine pouring water into a bucket. As the water overflows, it cascades into another bucket.
With each bucket, you're only taxed on the amount of water in each bucket!
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