The average Canadian family spent 42.3 per cent of their income on taxes in 2024, according to a new study from the Fraser Institute.
The report from the Fraser Institute showed the average Canadian family, which it estimates to have earned an income of $114,289 last year, paid about $48,306 in total taxes to the federal, provincial, and municipal governments.
“At a time when the cost of living is top of mind across the country, taxes remain the largest household expense for Canadian families,” said Jake Fuss, director of fiscal studies at the Fraser Institute in a news release.
