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Earlier this week, New Brunswick became the first province to drop its top provincial tax rate for high-income earners, likely in direct response to the Liberal’s 2016 tax hike for the top one per cent. Now the question remains: Will other provinces follow suit?

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Your paycheque may look a little different this year with Justin Trudeau’s tax changes taking effect. Tax Expert Jamie Golombek breaks down how the new rates will affect your pay

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The Liberals campaigned on a promise to cut the middle income tax bracket to 20.5 per cent from 22 per cent, which applies to taxable annual income between $45,282 and $90,563 in 2016. To help pay for this, they introduced a new, high-income tax bracket of 33 per cent (up from 29 per cent) for individuals earning more than $200,000 annually. These tax changes were effective Jan. 1, 2016.

When combined with existing provincial top tax rates, these highest-income earners’ total combined federal/provincial marginal tax rate for 2016 currently exceeds 50 per cent in more than half the provinces.