The History of Income Tax

July 26, 2017 2:32 pm

Did you know that our income tax system is now 100 years old?  Did you know that the income tax system was originally meant to be temporary?  How much do you think Canadians have paid to date in income taxes (over 100 years)?  Read this article and find out!

According to Global News, income taxes were “meant to be a way to raise extra money during the First World War and have stuck around ever since.” By 2016, it is estimate that Canadians have contributed 148 billion to the income tax system.  This amount accounts for just under half of all government revenues.

For the full story, go to the link:






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