Sunday, August 27, 2017

CANADIAN CONSUMER TAX INDEX 2017

  • The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2016. Including all types of taxes, that bill has increased by 2,006% since 1961.
  • Taxes have grown much more rapidly than any other single expenditure for the average Canadian family: expenditures on shelter increased by 1,527%, clothing by 677%, and food by 639% from 1961 to 2016.
  • The 2,006% increase in the tax bill has also greatly outpaced the increase in the Consumer Price Index (718%), 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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