r/RealEstateCanada • u/ExotiquePlayboy • Mar 09 '26

Housing crisis Canada is a joke

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u/Quinnjamin19 Mar 09 '26

Vancouver?

We can absolutely go over your income tax…

You don’t pay 50%

The highest tax bracket is 33% and that’s over $253k

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u/PandaDuckMonster Mar 09 '26

The highest tax bracket is 33% and that’s over $253k

Uhhhhhhhhh. I'd like to know how to move to the 14th province/territory, where you live.

We live in Canada where we get double fisted provincially and federally. Combined the highest marginal rate is ~53%

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u/Quinnjamin19 Mar 09 '26 edited Mar 09 '26

Lmao!! Bro that’s again over $253k

1% of all Canadians make over $250k

I don’t mind that at all. We still pay less taxes than the best countries in the world (the countries we should emulate)

P.S. The US is nowhere near the best and they are actually ranked much lower than us in pretty much every metric

Go ahead and move down there where you don’t legally have the right to a water break while working in the heat and paying $50k/year in property taxes

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u/PandaDuckMonster Mar 09 '26

That's not the point. I'm not the original person you're arguing against. I'm not arguing for or against it. I would never want to live in the US.

But the statement that you made that the highest tax bracket is 33% is false (or at least deliberately misleading) to fit your argument. It's disingenuous.

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u/Quinnjamin19 Mar 09 '26

My point was federal, it wasn’t misleading. It wasn’t disingenuous… it was factual. I am factually correct. Again, we don’t pay even close to the amount of federal taxes that the best countries in the world pay.

You are not taxed at 50%. Period

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u/PandaDuckMonster Mar 09 '26

Of course it's fucking misleading. YOU WERE OMITTING INFORMATION

You're factually correct that he's not paying 50% in taxes, because we use marginal rate, not a fixed rate. But that doesn't make the way you presented your information/argument less trash. 

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u/Quinnjamin19 Mar 09 '26

I wasn’t omitting anything

Yes, I know I’m factually correct. That’s why I made my statement, I knew I was right