This year's combined projected federal and provincial government deficits total $315.2 billion.
tax freedom day
Canadians can make their own judgement about value for money.
Of the total amount of taxes paid, most (53.2 per cent) will go to the federal government.
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
This year, the federal government and six of 10 provinces will run budget deficits.
The average Canadian family will pay 43.6 per cent of its income in taxes.