REPORT: Under Liberal Government, Richest 1% See Biggest Income Growth Percentage, Pay Fewer Taxes

Another blow to Justin Trudeau’s ‘middle class’ rhetoric.

Justin Trudeau has based a big part of his crumbling political image on the idea that he’s helping the ‘middle class.’

By contrast, as I’ve noted many times, Justin Trudeau only serves the elites.

And now, there’s more evidence of that.

According to Statistics Canada, the highest percentage income gains are going to the top 1%, and the top 0.1%.

While the average income gain for Canadians in 2017 (after the Liberals tax changes took effect) was 2.5%, which doesn’t even keep up with real inflation, income gains for the wealthiest 1% of Canadaisn were 8.5%.

And for those in the top 0.1%, income gains were 17.2%.

And amazingly, for the richest 0.01% of Canadians, their income gains were up a whopping 27.2% in 2017 alone.

Note, this is in percentage terms. While we would expect overall income gains among wealthy Canadian to be larger in money terms since they are starting with more in the first place, a larger percentage gain increase is different, and completely contradicts what Trudeau claimed his tax policies would accomplish.

Additionally, the effective tax rate for the top 1% went from 31.3%, to 30.9%.

Once again, it’s another broken promise by Justin Trudeau, showing nothing he says can be trusted.

Spencer Fernando

Photo – Twitter