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In Canada, we have a marginal tax system. This means your income is taxed in brackets. For example, the first $56,000 is taxed at 15%, then the next $56,000 is taxed at 20.5%, and so on. This means that if you earn $50,000 in one year and $50,000 in another year, you will pay less tax than someone earning $100,000 in a single year. **Ready to save $1000s on taxes** 👉 **Join Canadian Tax Community, a community designed to help business owners with taxes.** Here is what you get 📚 Access to Busin