Tuesday, October 4, 2022

CANADIAN CONSUMER TAX INDEX 2022

   The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2021. Including all types of taxes, that bill has increased by 2,440% since 1961.
   Taxes have grown much more rapidly than any other single expenditure for the average Canadian family: from 1961 to 2021, expenditures on shelter increased by 1,751%, clothing by 643%, and food by 790%.
   The 2,440% increase in the tax bill has also greatly outpaced the increase in the Consumer Price Index (802%), which measures the average price that consumers pay for food, shelter, clothing, transportation, health and personal care, education, and other items.

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