Average Canadian family spends 43% of income on taxes: study

Fraser Institute’s consumer report shows taxes accounting for larger chunk of income each year

The average Canadian family spent 43 per cent of their income on taxes in 2017, a new Fraser Institute study suggests.

While a family earned about $85,883 in annual income, they paid a total of $37,058 in municipal, provincial and federal taxes, according to the annual consumer report released Tuesday by the right-leaning think-tank.

That’s compared to $30,597 on other necessities like rent or mortgage payments, food and clothing.

“Many Canadians will be surprised to learn that taxes — and not life’s basic necessities, including housing — are the biggest household expense,” report co-author Charles Lammam said in a news release.

When the institute started tracking household tax spending in 1961, the average Canadian family spent about 33.5 per cent of their on taxes and 56.5 per cent on basic necessities.

The report says even after accounting for inflation, the tax bill has gone up 166 per cent since then.

“Taxes help fund important public services that Canadians rely on, but the issue is the amount of taxes governments take compared to what Canadians get in return,” Lammam said.

“With 43 per cent of their income going to taxes, Canadians might ask whether they’re getting the best value for their tax dollars.”


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

New conservation officer in Revelstoke – for now

Zeb Martin has primarliy been hired for monitoring caribou closures

Revelstoke Rod and Gun club supports fishing proposal with conditions

The proposal considers reopening Revelstoke Reach of the Columbia Reach to angling

Jocelyn’s Jottings: A postive take on resolutions

In the last column I wrote I looked back on 2018. This… Continue reading

Growls and Hugs for Jan. 16

Someone or something got your hackles up? Or maybe someone made you… Continue reading

Glimpses of Revelstoke’s past for Jan. 16

125 Years Ago: Kootenay Star, Jan. 13, 1894 Three feet of snow… Continue reading

B.C. opioid crisis to get same world-renowned treatment approach as HIV/AIDS

A program that focuses on treatment as prevention will roll out Jan. 17

Former welfare clients still owed money, B.C. Ombudsperson says

Investigation found 2,600 people docked illegally for earning income

Prince George could get province’s second BC Cannabis Store

The first brick-and-mortar government retail location opened in Kamloops on Oct. 17

B.C. chowdery caught up in ‘rat-in-soup’ scandal to close

Crab Park Chowdery will be shutting down Jan. 20

Teen vaping is an epidemic: US government

E-cigarettes are now the top high-risk substance used by teenagers, outpacing cigarettes, alcohol, marijuana

Vancouver councillors unanimously approve motion declaring climate emergency

Vancouver joins cities like Los Angeles and London

Caribou herd disappears from Kootenays after last cow relocated

One cow from the South Selkirk herd and two from the Purcells were moved this week

‘I never said there was no collusion,’ Trump lawyer says

President Donald Trump’s lawyer Rudy Giuliani says he has ‘never said there was no collusion’

Body of Canadian miner found after African kidnapping

Kirk Woodman’s body was discovered 100 kilometres from the site where he worked for Progress Mineral Mining Company in Burkina Faso

Most Read