The average Canadian family spends more money on taxes than any other single expense.
To understand the extent of our tax burden, beyond the income and payroll deductions on our paycheques, we must consider all taxes — both visible and hidden — we pay throughout the year to federal, provincial and municipal governments including property taxes, sales taxes, alcohol taxes, import taxes and many more. Together, these taxes comprise our total tax bill.
A s noted in a new Fraser Institute study, last year the average Canadian family (including single Canadians) earned $91,535 and paid $38,963 in total taxes — that’s 42.6% of our income going to taxes.
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