Education Article

How Much Tax Do You Pay ?

The average Canadian pays half of their income in some form of taxes and some pay as much as 75%. We can show you how to minimize your taxes and teach you how to keep More Money in Your Pocket™.

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Serious Tax Planning is more necessary than ever

Tax planning can have a profound long-term impact on a person’s standard of living and financial security.

Tax Planning is not just for the few of the top income earners but for every Canadian. You owe it to yourself and to your family to keep more of what you earn.

You can benefit from the help of experienced financial planners who can implement strategies to keep More Money in Your Pocket™.

Tax Minimization

More Money in Your Pocket

Financial Education

Financial Advice You Can Trust

Financial Freedom

Secure Future For Your Family

Famous Quote

“If you don’t find a way to make money while you sleep, you will work until you die.”

Warren Buffett, Financial Guru

Impact of Taxes

The Taxation Impact on Your Financial Future

The Challenge

Many Canadians retire broke, dependent on friends & family and the Federal Government for their primary source of income.

Canada’s personal income tax rates are undeniably uncompetitive compared to our southern neighbors in the United States. According to Fraser Institute research, Canada had the 7th highest combined top tax rate out of 34 other industrialized countries in 2017. 

The percentage of tax that Canadians pay is very high.

The Tax Problem

From $11,809 to $42,960 = 20.5%
From $42,961 to $46,605 = 24.15%
From $46,606 to $75,656 = 29.65%
From $75,657 to $85,923 = 31.48%
From $85,924 to $89,130 = 33.89%
From $89,131 to $93,208 = 37.91%
From $93,209 to $144,489 = 43.41%
From $144,490 to $150,000 = 46.41%
From $150,001 to $205,842 = 47.97%
From $205,843 to $220,000 = 51.9%
From $220,000 PLUS = 53.55%

Highest Tax Bracket 2008


Increase over 10 Years


Average Inflation Rate


Inflation over 10 Years


When you combine the tax increase with the inflation numbers,

the purchasing power of the dollar has dropped

by almost 25%

Famous Quote

“An Investment in Knowledge pays the Greatest Interest.”

Benjamin Franklin, American Polymath

Number Of Taxes

How Many Different Taxes Do We Pay?


Employment Taxes

Canada Pension Tax

Employment Insurance Tax

Health Tax


Consumers Taxes

Harmonized Sales Tax (HST)
Liquor Tax
Tobacco Tax
Vehicle Tax
Carbon Tax
Travel Tax


Asset Taxes

Property Tax

Commercial Property Tax

Capital Gains Tax

Based on the revenue from income taxes as a percentage of GDP,

Canada is the 4th highest taxed country in the World.

Source: Organization for Economic Cooperation and Development Data 2017

Gold Standard Group and its associates specialize in setting up insurance-based tax-shelter accounts to help you get more after-tax money in your pocket, create wealth for you, your family, your business, and future generations.

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Our Presentation is Tailored for You


Gold Standard Group
9251 Yonge Street, Suite 8-251 Richmond Hill Ontario L4C 9T3
+1 866 878 0088