Tuesday, August 22, 2023

The average Canadian family spent 45.3% of its income on taxes in 2022

Confiscatory taxes in Canada. Take it from the living! The situation is not better in other Western countries. And what does the taxpayer get in return?

"Summary
  • ...
  • The average Canadian family now spends more of its income on taxes (45.3%) than it does on basic necessities such as food, shelter, and clothing combined (35.6%). By comparison, 33.5% of the average family’s income went to pay taxes in 1961 while 56.5% went to basic necessities.
  • In 2022, the average Canadian family earned an income of $106,430 and paid total taxes equaling $48,199 (45.3%). In 1961, the average family had an income of $5,000 and paid a total tax bill of $1,675 (33.5%). ..."

Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2023 edition | Fraser Institute

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