The Old Tax vs. The New Tax

Some of the things I was seeing on social media, people were thinking it was 67% tax. Now as an example, $100,000, our American friends would hear $100,000 like, oh, congratulations, Canada, now you've got 67% tax. Not to say our taxes are not high. I'm just saying there's still the correct calculation that needs to be unpacked to look at. So the purpose of me really showing this illustration is to show what that difference on that impact is. Again, this is just applied personally just for frame of reference point, Henry, just.

Like this last column that you're showing is literally the difference, the old tax versus the new tax. And in your example of 400,000, the additional tax payable in the new tax system, assuming it goes through is $13,383. So still it's I mean, that 13, almost 14 grand is certainly nothing that you want to be seeing disappear out of your family's life.