Taxes

— Mar 12, 2024
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The Cost of Business Subsidies in Canada: Updated Edition is a new study that finds Canadian governments spent $52 billion in 2022 subsidizing businesses across all provinces—including federal, provincial, and local spending.

— Sep 14, 2023
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Missed Opportunity: Federal Spending Increases Prevent Real Tax Relief for Canadians

Missed Opportunity: Federal Spending Increases Prevent Real Tax Relief for Canadians is a new study that finds had the federal government self-imposed some meaningful spending restraint since 2015/16, it could have provided $18.7 billion of tax relief to Canadians while running a surplus of $4.6 billion this year (2023/24).

— Aug 22, 2023
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Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2023 Edition is a new study that finds in 2022, the average Canadian family earned an income of $106,430 and paid $48,199 in total taxes--meaning, the average Canadian family spent 45.3 per cent of its income on taxes compared to 35.6 per cent on basic necessities.

— Aug 10, 2023
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New Brunswick’s Divergent Finances: A Possible Opportunity for Tax Reduction

New Brunswick’s Divergent Finances: A Possible Opportunity for Tax Reduction finds that as a result of the New Brunswick government’s recent spending restraint, the province is now positioned to introduce meaningful tax relief, which if current government revenue and spending growth continues, could reach over $3,600 per taxpayer by 2032/33 without jeopardizing the province’s balanced budget.

— Aug 1, 2023
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Measuring Progressivity in Canada’s Tax System, 2023

Measuring Progressivity in Canada’s Tax System, 2023 finds that the top 20 per cent of income-earning families pay more than half (53.1 per cent) of total taxes including sales and property taxes. Conversely, the bottom 20 per cent of income-earning families pay 2.0 per cent of total taxes, due partly to the progressivity of Canada’s tax system where the share of taxes paid typically increases as incomes rise.

— Jul 13, 2023
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A Poll of Canadians on the Fair Share of Taxes

A Poll of Canadians on the Fair Share of Taxes finds that the majority of Canadians (58 per cent) believe personal income tax rates should not exceed 50 per cent, and yet the top combined personal income tax rate in every province (except Alberta and Saskatchewan) currently exceeds 50 per cent.

Taxes Research Experts