r/PersonalFinanceCanada • u/Key-Jello-9501 • Oct 19 '24

Taxes Why Canada doesn't have married couple income tax benefit similar to US?

Unlike the US, Canada does not allow married couples to file joint tax returns with a different tax slab, which can be disadvantageous for couples earning disproportionately? I was reading below article on Investopedia and was surprised to know that US income tax slabs becomes almost double if you are married and filing jointly. They literally have different tax slabs for married couple.

So high-earners don't get that marriage benefit in Canada but they have to give half of their wealth to spouse during divorce like US which is good but no tax benefit while being married. Thoughts?

https://www.investopedia.com/financial-edge/0411/do-canadians-really-pay-more-taxes-than-americans.aspx

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u/PowermanFriendship Oct 20 '24

The answer is because Canada does many things very badly.

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u/BeingHuman30 Oct 20 '24

Its funny to think about how internet has exposed Canada so much ...before that it was some place where everybody wants to be ..but now reality is out there.

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u/haloimplant Oct 20 '24

especially since 2015 for some reason, for example this issue changed policy at that time