Canadians Celebrate Tax Freedom Day on June 14, 2008
— Published on June 13, 2008
Tax Freedom Day is the day in the year 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.
- Tax Freedom Day is the day in the year 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 2008, Canadians celebrate Tax Freedom Day on June 14. That is, Canadians worked until June 13 to pay the total tax bill imposed on them by all levels of government.
- Tax Freedom Day in 2008 arrives four days earlier than in 2007, when it fell on June 18.
- The latest Tax Freedom Day in Canadian history was in 2005, when it fell on June 25; this is almost two months later than in 1961, the earliest year for which the calculation has been made. Tax Freedom Day decreased to June 23 in 2006 and June 18 in 2007.
- In 2008, the average Canadian family earned $90,678 in income and paid a total of $40,667 in taxes (44.8 percent).
- Tax Freedom Day for each province varies according to the extent of the provincially levied tax burden. The earliest provincial Tax Freedom Day fell on May 28 in Alberta.
- All Canadian provinces experienced earlier Tax Freedom Days in 2008 with Manitoba, Saskatchewan, and British Columbia experiencing the largest improvements.
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