RRSP Meltdown Programs
HOW MUCH TAXES DO WE PAY? 95% of all Canadians retire broke, dependent on friends, family or the federal government for their primary source of income. According to Bank of Canada and statistics Canada in 2009 the majority of Canadians spend $1.60 for every $1.00 they bring in. How much tax do we pay? Firstly Ontario has a progressive Tax system in place the more you make the more tax you pay.