Study: average Canadian family spent more on taxes than food and housing combined last year

Study: average Canadian family spent more on taxes than food and housing combined last year

Study: average Canadian family spent more on taxes than food and housing combined last year VANCOUVER - The Fraser Institute calculates that the average Canadian family paid $34,154 in taxes of all sort last year, including "hidden'' business taxes that are passed along in the price of goods and services purchased.

The Vancouver-based think-tank estimates that the average bill for income taxes collected by governments was $10,616 in 2015.

The second-biggest category was payroll and health taxes, at $7,160, followed by sales taxes at $4,973 and property taxes at $3,832.
The other categories include taxes on profits, liquor or tobacco, fuel, natural resources and import duties - totalling $7,573.

The study's authors conclude that visible and hidden taxes would have been equal to 42.4 per cent of the cash income for an average Canadian family in 2015, estimated at $80,593.

By comparison, the study estimates the average Canadian family spent $30,293 on housing, food and clothing last year - about 37.6 per cent of the family's total cash income.

The Fraser Institute uses its own "Canadian consumer tax index'' to track the tax bill paid by a family with "average income.''

"The objective is not to trace the tax experience of a particular family, but rather to plot the experience of a family that was average in each year,'' the 11-page report says.

"The 'consumer' in question is the taxpaying family, which can be thought of as consuming government services.''
 
6 Comments
  • Omer Quenneville 2016-08-23 10:20:07 AM
    That still leaves about 20% of income that could be taken by new Kathleen Wynne "revenue tools". Stay tuned, they are coming. Lets make sure to vote these liberals in again.
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  • Joe McGuire 2016-08-23 11:00:33 AM
    Taxes are the cost of living in peace with our neighbours, having a well educated populace, having one of the world's best healthcare systems, good fire protection, good police, good roads, bridges, waterways, planning and zoning: leading to liveable communities.
    Perhaps the Fraser Institute envies Guatemala.
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  • Michael Mitchell 2016-08-23 11:30:02 AM
    Now for people in Ontario lets add the highest prices for hydro in North America.
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