In the recent federal election, the Liberals and Conservatives both campaigned on lowering income taxes to ease the burden on working- and middle-class Canadians. Sure enough, an income tax cut is planned for July 1st.
This focus on tax cuts raises the question: how much of a burden are income taxes on the typical Canadian?
The “typical Canadian”—defined as the median income earner—is currently taxed at an average of just over 17 percent (federal plus provincial). The upcoming tax cut will decrease that by about half a percentage point, bringing it to just under 17 percent.
