Richard E. Johnston

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Senior executives in Canada will pay higher taxes when the new federal government implements the Liberal campaign platform. The platform calls for the federal personal income tax rate to be reduced for taxable income between $44,701 and $89,400 and to be increased for taxable income over $200,000.  After adding provincial tax, the top combined personal rate in Ontario, Quebec and some other provinces will exceed 50%. The Liberal platform will also dramatically increase tax on…