Cana­dian Tax Free­dom Day ar­rived on June 14

The Southwest Booster - - FRONT PAGE -

On Fri­day, June 14 Canadians cel­e­brated Tax Free­dom Day, they day when they start work­ing for them­selves, not government.

Tax Free­dom Day mea­sures the to­tal yearly tax bur­den im­posed on Cana­dian fam­i­lies by fed­eral, pro­vin­cial and mu­nic­i­pal gov­ern­ments.

“If Canadians paid all their taxes up front, they would work the first 164 days of this year be­fore bring­ing any money home to their fam­i­lies,” said Finn Poschmann, res­i­dent scholar at the Fraser In­sti­tute.

In 2019, the av­er­age Cana­dian family (with two or more peo­ple) will pay $52,675 in to­tal taxes. That’s 44.7 per cent of its an­nual in­come ($117,731) go­ing to in­come taxes, pay­roll taxes (in­clud­ing the Canada Pen­sion Plan), health taxes, sales taxes (like the GST), prop­erty taxes, fuel taxes, carbon taxes, “sin” taxes and more.

Rep­re­sented as days on the cal­en­dar, the to­tal tax bur­den com­prises more than five months of in­come—from Jan­uary 1 to June 13.

“Tax Free­dom Day helps put the to­tal tax bur­den in per­spec­tive, and helps Canadians un­der­stand just how much of their money they pay in taxes every year,” Poschmann said.

Cal­cu­late your per­sonal Tax Free­dom Day us­ing the Fraser In­sti­tute’s on­line cal­cu­la­tor at www.fraserin­sti­tute.org.

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