Search
Search results
-
Canadians Celebrate Tax Freedom Day on June 10, 2018
In 2018, the average Canadian family will earn $115,724 in income and pay a total of $50,464 in taxes (43.6%). If the average Canadian family had to pay its total tax bill of $50,464 up front, it would have worked until June 9 to pay the total tax ...
-
If you think June 9 is too late for Tax Freedom Day, just wait
Appeared in the Toronto Sun, June 9, 2017 The official start of summer is just a few weeks away and we’re fast approaching the half-way point of the year. So consider this—if you had to pay all your taxes for the year up front, you would have worked for ...
-
Canadians Celebrate Tax Freedom Day on June 9, 2017
In 2017, the average Canadian family will earn $108,674 in income and pay a total of $47,135 in taxes (43.4%). If the average Canadian family had to pay its total tax bill of $47,135 up front, it would have worked until June 8 to pay the total tax ...
-
Canadians spend billions complying with complex personal income tax system
Appeared in the Financial Post, April 27, 2017 With the tax-filing deadline just around the corner, it’s worth reflecting on how much the personal income tax (PIT) has changed since it was first introduced 100 years ago. For example, Ottawa now collects ...
-
‘Anti-tax’ accusation is simply wrong
Appeared in the Toronto Star, August 30, 2016 A recent column by the Toronto Star editorial board had some choice words about a recent Fraser Institute study finding that the total amount of taxes paid by the average Canadian family now consumes over 42 ...
-
Canadians Celebrate Tax Freedom Day on June 7, 2016
In 2016, the average Canadian family will earn $105,236 in income and pay a total of $45,167 in taxes (42.9%). If the average Canadian family had to pay its total tax bill of $45,167 up front, it would have worked until June 6 to pay the total tax bill ...
-
Canadians Celebrate Tax Freedom Day on June 10, 2015
On Tax Freedom Day, the average Canadian family has earned enough money to pay the taxes imposed on it by the three levels of government: federal, provincial, and local. In 2015, Canadians celebrate Tax Freedom Day on June 10. That is, Canadians will have ...
-
Your family’s largest expense may surprise you
Appeared in the Regina Leader Post, Kelowna Daily Courier, and Windsor Star If you asked average Canadian families what their largest expense is, many would probably say housing. And you can’t blame them. Mortgage and rental payments are a painful monthly ...
-
Canadians Celebrate Tax Freedom Day on June 9, 2014
The Fraser Institute annually calculates Tax Freedom Day in order to provide a comprehensive and easily understood indicator of the overall tax burden faced by the average Canadian family. Tax Freedom Day is the day in the year by which the average ...
-
Taxes squeezing household budgets
Appeared in the Huffington Post Like other Canadians, you work hard for your money. Faced with essential expenses such as food, clothing, and shelter, your household budget may feel squeezed. But what if we told you, your family's biggest expense is ...