Tuesday, 13 June 2017 - 2:15pm

43.4% - That's how much the Fraser Institute calculated the average Canadian family will pay in taxes to the government this year.

Yes, all those taxes you pay add up quickly - income taxes, sales taxes, property taxes, land transfer taxes, alcohol taxes, fuel taxes, etc. - yikes!

In fact, the Fraser Institute calculated that if the average Canadian paid all their taxes up front, they wouldn't begin working for themselves until June 8th – hence the name of their report "Tax Freedom Day".

If you're wondering what your family's tax bill looks like the Fraser Institute has a handy calculator on their website – 

https://www.fraserinstitute.org/studies/canadians-celebrate-tax-freedom-day-on-june-9-2017

 

 

 

Topic: 
Tax