Additional Member System Explained

⬇️ Progressive Tax System Explained⬇️ Follow @corporatetaxaccelerator if you want to learn how to prepare corporate tax returns Canada’s progressive tax system means that as your income increases, the rate of tax you pay on each additional dollar also increases. Instead of paying one flat rate on all your income, your income is divided into segments called “tax brackets,” and each segment is taxed at a different rate. Here’s how it works: 1) Tax Brackets: Your income is split into portions, and