Monday, August 5, 2019

CANADIANS PAY 44% OF INCOME ON TAXES

    The average Canadian family now spends more of its income on taxes (44.2%) than it does on basic necessities such as food, shelter, and clothing combined (36.3%). By comparison, 33.5% of the average family’s income went to pay taxes in 1961 while 56.5% went to basic necessities.
    In 2018, the average Canadian family earned an income of $88,865 and paid total taxes equaling $39,299 (44.2%). In 1961, the average family had an income of $5,000 and paid a total tax bill of $1,675 (33.5%).

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