1、TAXATION IN CANADA MEI FISCAL 2024 Report July 2024 Ipsos|MEI Fiscal 2024|July 2024 Ipsos|MEI Fiscal 2024|July 2024 INTRODUCTION Ipsos|MEI Fiscal 2024|July 2024 3 Methodology These are the findings of an online Ipsos poll conducted on behalf of the Montreal Economic Institute.A sample of 1,038 Canad

2、ian residents 18 years of age and older was interviewed between July 10 and 14,2024.Weighting according to age,gender and region was employed to ensure that the samples composition is representative of the overall population according to the latest census information.The precision of Ipsos online po

3、lls is measured using a credibility interval.In this case,the results are accurate to within 3.7 percentage points,19 times out of 20,of what the results would have been had all Canadian adults been polled.Some totals may not add up to 100%due to rounding.Ipsos|MEI Fiscal 2024|July 2024 DETAILED FIN

4、DINGS Ipsos|MEI Fiscal 2024|July 2024 5 Almost two-thirds(63%)think that the federal governments spending is too high,a significant increase since 2023.Perceptions of the federal governments spending in Canada 30%33%23%5%2%8%Much too highToo highAt an acceptable levelToo lowMuch too lowI dont know/p

5、refer not to answerBase:All respondents 2024(n=1038);2023(n=1020)Q1.In your opinion,is the federal governments spending in Canada?TOTAL TOO HIGH 63%2023 26%29%27%7%1%9%Significantly higher/lower than 2023.TOTAL TOO LOW 6%55%9%Ipsos|MEI Fiscal 2024|July 2024 6 Perceptions of the federal governments s

6、pending by socio-demographic group GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL TOO HIGH 63%65%61%57%65%D 65%D 64%H 56%74%GHJ 55%Much too high 30%33%C 27%22%30%D 36%D

7、 33%J 27%34%J 20%Too high 33%32%33%35%35%29%31%29%41%GH 35%At an acceptable level 23%23%22%27%20%22%22%26%I 17%26%Too low 5%4%5%6%4%4%2%7%GI 3%4%Much too low 2%2%1%2%2%1%2%2%1%1%B2B TOTAL TOO LOW 6%6%6%9%F 7%4%4%9%GI 4%6%I dont know/prefer not to answer 8%5%11%B 7%9%9%10%I 9%I 4%14%I ABCDEFGHIJ Sign

8、ificantly higher than subgroup indicated by letter.Q1.In your opinion,is the federal governments spending in Canada?Ipsos|MEI Fiscal 2024|July 2024 7 Over 7 in 10(72%)consider the amount they pay in income tax to be too high,significantly higher than in 2023;only 1%continue to believe it is too low.

9、34%38%24%1%0%3%Much too highToo highAn acceptable levelToo lowMuch too lowI dont know/prefer not to answerBase:All respondents 2024(n=1038);2023(n=1020)Q2.Overall,do you consider the amount you pay in income tax to be?TOTAL TOO HIGH 72%2023 29%39%28%1%1%3%Significantly higher/lower than 2023.TOTAL T

10、OO LOW 1%67%1%1%Perceptions of the amount paid in income tax in Canada Ipsos|MEI Fiscal 2024|July 2024 8 Perceptions of the amount paid in income tax in Canada by socio-demographic group GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I

11、Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL TOO HIGH 72%72%72%77%F 77%F 65%75%69%73%70%Much too high 34%37%C 30%33%39%F 30%34%34%33%35%Too high 38%35%42%B 43%F 38%35%41%36%40%35%At an acceptable level 24%24%23%17%19%32%DE 20%27%G 24%24%Too low 1%1%0%1%0%0%1%0%0%-Much too low 0%

12、0%-1%-0%1%-B2B TOTAL TOO LOW 1%1%0%2%0%0%1%1%1%-I dont know/prefer not to answer 3%2%5%B 4%4%3%4%I 3%2%6%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q2.Overall,do you consider the amount you pay in income tax to be?Ipsos|MEI Fiscal 2024|July 2024 9 7 in 10(70%)Canadians are dis

13、satisfied with the accountability and transparency of the Canadian governments spending practices,a significant increase since 2023.4%18%31%38%7%Very satisfiedSomewhat satisfiedSomewhat dissatisfiedVery dissatisfiedI dont know/prefer not to answerBase:All respondents 2024(n=1038);2023(n=1020)Q3.Over

14、all,to what extent are you satisfied or dissatisfied with the accountability and transparency of the Canadian governments spending practices?TOTAL SATISFIED 23%2023 3%28%32%31%6%Significantly higher/lower than 2023.TOTAL DISSATISFIED 70%31%63%Accountability and transparency of the Canadian governmen

15、ts spending practices Ipsos|MEI Fiscal 2024|July 2024 10 Accountability and transparency of the Canadian governments spending practices by socio-demographic group GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505

16、 533 285 355 399 333 385 237 83 T2B TOTAL SATISFIED 23%25%21%27%F 23%20%22%22%24%27%Very satisfied 4%6%3%8%F 4%3%4%5%5%6%Somewhat satisfied 18%20%17%19%18%18%18%17%19%21%Somewhat dissatisfied 31%30%33%33%30%32%22%33%G 41%GH 36%G Very dissatisfied 38%41%35%30%41%D 42%D 48%HIJ 37%I 30%33%B2B TOTAL DIS

17、SATISFIED 70%71%69%63%71%D 73%D 69%70%71%68%I dont know/prefer not to answer 7%4%11%B 10%6%6%8%8%I 5%5%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q3.Overall,to what extent are you satisfied or dissatisfied with the accountability and transparency of the Canadian governments sp

18、ending practices?Ipsos|MEI Fiscal 2024|July 2024 11 Less than 2 in 10(18%)believe that the federal government is effectively allocating funds to address the most important issues.18%70%12%Base:All respondents 2024(n=1038);2023(n=1020)Q4.Overall,do you believe the federal government is effectively al

19、locating funds to address the most important issues facing Canada today?Significantly higher/lower than 2023.Yes No I dont know/prefer not to answer 2024 23%64%13%2023 Federal government is effectively allocating funds to address the most important issues Ipsos|MEI Fiscal 2024|July 2024 12 Federal g

20、overnment is effectively allocating funds by socio-demographic group GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 Yes 18%21%C 16%25%EF 16%16%17%17%24%GHJ 14%No 70%71%68%67%72%7

21、0%73%I 70%64%72%I dont know/prefer not to answer 12%7%16%B 8%12%14%D 10%13%11%14%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q4.Overall,do you believe the federal government is effectively allocating funds to address the most important issues facing Canada today?Ipsos|MEI Fisca

22、l 2024|July 2024 13 Canadians remain divided about supporting carbon pricing,with the population slightly more likely to oppose(48%)than support(39%).11%29%22%27%12%Strongly supportSomewhat supportSomewhat opposeStrongly opposeI dont know/prefer not to answerBase:All respondents 2024(n=1038);2023(n=

23、1020)Q5.To what extent do you support or oppose carbon pricing?TOTAL SUPPORT 39%2023 11%30%20%25%15%Significantly higher/lower than 2023.TOTAL OPPOSE 48%41%45%Support for carbon pricing Ipsos|MEI Fiscal 2024|July 2024 14 Support for carbon pricing by socio-demographic group GENDER AGE REGION TOTAL A

24、 Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL SUPPORT 39%43%C 36%42%39%38%38%39%44%38%Strongly support 11%14%C 8%12%9%12%9%11%J 16%GJ 4%Somewhat support 29%29%28%31%30%26%29%27%28%34%Somewhat

25、oppose 22%19%24%25%22%20%23%23%19%20%Strongly oppose 27%30%C 23%20%26%31%D 32%I 26%I 15%39%HI B2B TOTAL OPPOSE 48%50%47%45%48%51%55%I 48%I 34%59%I I dont know/prefer not to answer 12%7%17%B 13%13%11%7%13%GJ 22%GHJ 3%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q5.To what extent

26、do you support or oppose carbon pricing?Ipsos|MEI Fiscal 2024|July 2024 15 Three-quarters of Canadians agree that higher corporate taxes lead to higher prices for consumers and that taxes on new housing contribute to unaffordability.37%38%27%31%37%44%38%37%36%29%36%33%12%11%17%17%13%14%5%5%5%8%6%3%8

27、%10%15%15%9%6%Higher corporate taxes lead to higher prices for consumer goods Taxes on new housing construction contribute to housing unaffordability A high tax rate can lead wealthy individuals to move to lower-tax jurisdictions The federal governments decision to increase taxes on capital gains wi

28、ll have a negative impact on Canadas economy Increasing capital gains taxes will affect middle-class Canadians,not just the ultra-wealthy My taxes are too high for the services I receive Base:All respondents 2024(n=1038);2023(n=1020)Q6.To what extent do you agree or disagree with the following state

29、ments?Significantly higher/lower than 2023.2024 2023 T2B AGREE B2B DISAGREE T2B AGREE B2B DISAGREE 75%17%71%20%75%16%-63%21%61%23%60%25%-73%19%-77%17%-Strongly agree Somewhat agree Somewhat disagree Strongly disagree I dont know/prefer not to answer Perceptions and impact of tax rates Ipsos|MEI Fisc

30、al 2024|July 2024 16 Perceptions and impact of tax rates by socio-demographic group(1/6)GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL AGREE 75%76%75%74%77%75%75%77%72%

31、80%Strongly agree 37%38%36%38%40%34%38%37%32%48%I Somewhat agree 38%38%39%35%37%41%37%40%40%32%Somewhat disagree 12%13%11%13%10%13%11%11%15%11%Strongly disagree 5%6%4%5%5%5%5%5%5%5%B2B TOTAL DISAGREE 17%19%15%18%15%18%16%16%19%16%I dont know/prefer not to answer 8%5%10%B 9%7%7%9%7%9%4%ABCDEFGHIJ Sig

32、nificantly higher than subgroup indicated by letter.Q6.To what extent do you agree or disagree with the following statements?Higher corporate taxes lead to higher prices for consumer goods Ipsos|MEI Fiscal 2024|July 2024 17 Perceptions and impact of tax rates by socio-demographic group(2/6)GENDER AG

33、E REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL AGREE 75%75%74%74%77%73%74%75%71%82%I Strongly agree 38%40%35%39%38%36%39%37%34%44%Somewhat agree 37%35%39%35%39%37%35%38%37%38%So

34、mewhat disagree 11%13%C 9%11%11%11%11%11%11%11%Strongly disagree 5%5%4%5%3%6%E 4%5%6%3%B2B TOTAL DISAGREE 16%19%C 13%17%14%17%15%16%18%13%I dont know/prefer not to answer 10%6%13%B 9%9%10%11%9%11%J 5%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q6.To what extent do you agree or

35、disagree with the following statements?Taxes on new housing construction contribute to housing unaffordability Ipsos|MEI Fiscal 2024|July 2024 18 Perceptions and impact of tax rates by socio-demographic group(3/6)GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F

36、West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL AGREE 63%69%C 58%65%63%63%63%66%62%60%Strongly agree 27%32%C 23%28%30%24%30%27%25%25%Somewhat agree 36%37%35%38%32%38%33%39%38%34%Somewhat disagree 17%16%17%16%18%16%13%17%21%G 19%Strongly disagree 5%5%5%4%5%

37、5%6%J 5%5%1%B2B TOTAL DISAGREE 21%21%22%21%23%21%18%21%26%G 20%I dont know/prefer not to answer 15%10%20%B 14%15%16%19%HI 13%12%20%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q6.To what extent do you agree or disagree with the following statements?A high tax rate can lead wealt

38、hy individuals to move to lower-tax jurisdictions Ipsos|MEI Fiscal 2024|July 2024 19 Perceptions and impact of tax rates by socio-demographic group(4/6)GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 35

39、5 399 333 385 237 83 T2B TOTAL AGREE 60%63%C 57%64%F 63%F 55%64%I 60%I 52%64%I Strongly agree 31%34%C 28%31%33%29%33%I 31%I 24%39%I Somewhat agree 29%29%29%33%F 30%26%31%29%28%25%Somewhat disagree 17%16%18%18%17%17%14%18%21%G 15%Strongly disagree 8%10%C 6%6%8%10%7%7%13%GH 6%B2B TOTAL DISAGREE 25%26%

40、25%23%25%27%20%26%34%GHJ 21%I dont know/prefer not to answer 15%11%19%B 13%12%19%E 16%14%15%14%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q6.To what extent do you agree or disagree with the following statements?The federal governments decision to increase taxes on capital gain

41、s will have a negative impact on Canadas economy Ipsos|MEI Fiscal 2024|July 2024 20 Perceptions and impact of tax rates by socio-demographic group(5/6)GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355

42、 399 333 385 237 83 T2B TOTAL AGREE 73%73%72%73%75%71%72%74%69%79%I Strongly agree 37%36%38%35%37%38%39%36%34%41%Somewhat agree 36%38%35%38%38%33%33%38%35%38%Somewhat disagree 13%13%12%12%11%14%11%14%15%9%Strongly disagree 6%8%C 4%5%6%7%6%4%10%H 6%B2B TOTAL DISAGREE 19%21%C 16%18%17%21%17%17%24%GH 1

43、5%I dont know/prefer not to answer 9%5%12%B 10%8%8%11%I 8%7%6%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q6.To what extent do you agree or disagree with the following statements?Increasing capital gains taxes will affect middle-class Canadians,not just the ultra-wealthy Ipsos|

44、MEI Fiscal 2024|July 2024 21 Perceptions and impact of tax rates by socio-demographic group(6/6)GENDER AGE REGION TOTAL A Male B Female C 18 to 34 years D 35 to 54 years E 55+years F West G Ontario H Quebec I Atlantic J Base:1038 505 533 285 355 399 333 385 237 83 T2B TOTAL AGREE 77%77%77%79%F 82 F%

45、72%81%I 76%74%79%Strongly agree 44%46%42%44%49%F 40%46%43%42%48%Somewhat agree 33%31%35%35%32%32%35%33%32%31%Somewhat disagree 14%16%12%12%11%16%E 10%16%H 15%15%Strongly disagree 3%3%3%2%2%5%4%3%3%-B2B TOTAL DISAGREE 17%19%15%15%14%21%DE 14%19%18%15%I dont know/prefer not to answer 6%4%8%B 7%4%7%5%5

46、%7%7%ABCDEFGHIJ Significantly higher than subgroup indicated by letter.Q6.To what extent do you agree or disagree with the following statements?My taxes are too high for the services I receive Ipsos|MEI Fiscal 2024|July 2024 THANK YOU Derek Brasier Vice President Derek.BrasierI Hyejin Park Account Manager Hyejin.ParkI