On an inflation-adjusted basis, the total tax bill for Canadian families has increased by more than 181 per cent since 1961.
In 2023/24, de-indexation could cost Albertans $706 million.
The province's top combined personal income tax rate stands at 53.53 per cent.
The total federal/provincial government debt is due to increase by $86 billion in 2022/23.
Sixty per cent of the bottom 20 per cent of taxpaying families with children now pay $233 more (on average) in federal income taxes.
The average Canadian family spends nearly twice as much on taxes than on housing.
The top 20 per cent pays nearly two-thirds of all federal and provincial income taxes.
The government offset the benefits of the lower tax rate by eliminating tax credits.
More than 60 per cent of families in the bottom 20 per cent pay higher income taxes today because of the discontinued tax credits.