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TORONTO—The average Canadian family spent more than 44 per cent of its income on taxes in 2018, more than housing, food and clothing costs combined, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Taxes—not life’s basic necessities—remain the largest household expense for families across the country,” said Finn Poschmann, resident scholar at the Fraser Institute, citing the Canadian Consumer Tax Index, which tracks the total tax bill of the average Canadian family from 1961 to 2018.
Year - Family - Taxes - Necessities—housing - Rent
Last year, the average Canadian family earned $88,865 and paid $39,299 in taxes compared to $32,214 on the basic necessities—housing (including rent and mortgage payments), food and clothing combined.
In other words, the average Canadian family spent 44.2 per cent of its income on taxes compared to 36.3 per cent on basic necessities.
This is a dramatic...
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