Payroll Taxes have grown substantially over the last 30 years and are likely to continue to increase in the future. The federal government taxes employers and employees to finance Unemployment Insurance and pensions. The average payroll tax rate (as a percentage of total labour income) has jumped dramatically in 1966 with the onset of the Canada and Quebec pension plans.
Payroll Taxes have grown substantially over the last 30 years and are likely to continue to increase in the future. The federal government taxes employers and employees to finance Unemployme…