Be prepared to see more of your income used to pay higher taxes in 2013. Provincially, the government here still refuses to index tax brackets to inflation and that means more taxation. The federal government also has tax increases of its own that took effect January 1st. They include hikes in EI premiums and CPP payroll taxes. Canadian Taxpayers Federation Atlantic director Kevin Lacey says we're paying more in taxes provincial and federally than elsewhere in the country. He says South Shore residents in particular know only too well that 2012 saw no improvement. The provincial government bailed out major employers like Bowater by pumping big bucks into their operations to keep them afloat.
Lacey believes the effects of those bailouts and company collapses will be felt for years.
