11/11/2025
It’s ! Where we’ll share simple tax tips to help you save more and stress less 💰
👉 This is one of the biggest tax myths out there!
Here’s the truth:
Canada’s tax system is marginal, which means only the income above each bracket is taxed at the higher rate — not all of it.
📊 Example:
If the next bracket starts at $55,000 and you earn $56,000,
only that extra $1,000 gets taxed at the higher rate.
Your lower income still gets taxed at the lower rates.
↗️Check out our bio for a look at the current Federal and Provincial tax brackets
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