Every year at the Fraser Institute, we calculate the total tax bill — which includes income taxes, property taxes, sales taxes, fuel taxes, etc. — for the average Canadian family. This year we found the average family paid 43.0 per cent of its annual income in taxes in 2023. That is more than it spent on basic necessities such as food, clothing and housing combined, and significantly higher than the 33.5 per cent it paid in 1961.
Put differently, the average family’s tax bill has increased 2,705 per cent since 1961 — or 180.3 per cent after adjusting for inflation.
The Fraser Institute in The Star? Sign of the End Times!
h/t DS
