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Average Canadian family spends 43% of income on taxes: study

Fraser Institute91裸聊视频檚 consumer report shows taxes accounting for larger chunk of income each year

The average Canadian family spent 43 per cent of their income on taxes in 2017, a new Fraser Institute study suggests.

While a family earned about $85,883 in annual income, they paid a total of $37,058 in municipal, provincial and federal taxes, according to the annual consumer report released Tuesday by the right-leaning think-tank.

That91裸聊视频檚 compared to $30,597 on other necessities like rent or mortgage payments, food and clothing.

91裸聊视频淢any Canadians will be surprised to learn that taxes 91裸聊视频 and not life91裸聊视频檚 basic necessities, including housing 91裸聊视频 are the biggest household expense,91裸聊视频 report co-author Charles Lammam said in a news release.

When the institute started tracking household tax spending in 1961, the average Canadian family spent about 33.5 per cent of their on taxes and 56.5 per cent on basic necessities.

The report says even after accounting for inflation, the tax bill has gone up 166 per cent since then.

91裸聊视频淭axes help fund important public services that Canadians rely on, but the issue is the amount of taxes governments take compared to what Canadians get in return,91裸聊视频 Lammam said.

91裸聊视频淲ith 43 per cent of their income going to taxes, Canadians might ask whether they91裸聊视频檙e getting the best value for their tax dollars.91裸聊视频



ashley.wadhwani@bpdigital.ca

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About the Author: Ashley Wadhwani-Smith

I began my journalistic journey at Black Press Media as a community reporter in my hometown of Maple Ridge, B.C.
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