Taxes are divided in many categories and vary from province to province. (Fraser Institute)

Tax bill paid for the year, you’re working for yourself

B.C. in the middle of the Canadian pack for Tax Freedom Day

After five months of paying for various levels of government service, Canadians are on average working for themselves this week.

Tax Freedom Day 2018 arrived Sunday, June 10, based on the Fraser Institute’s annual calculation of total tax paid to all levels of government across the country. By that calculation, the average Canadian family pays 43.6 per cent of its annual income in payroll, income, health, sales, property, fuel, carbon, liquor, tobacco and other taxes, equivalent to more than five months of the year if all the taxes were paid up front.

“Tax Freedom Day helps put the total tax burden into perspective, and helps Canadians understand just how much of their money they pay in taxes every year,” said Charles Lammam, director of fiscal studies at the Fraser Institute.

B.C. is currently in the middle of the taxation pack for provinces, due to its mix of provincial sales and income taxes. B.C.’s Tax Freedom Day was June 5 this year, fifth behind Alberta (May 22), Saskatchewan (June 1), Prince Edward Island (June 2) and Manitoba (June 3).

Next is Ontario (June 9), New Brunswick (June 10), Nova Scotia (June 15), Quebec (June 26) and the highest taxes province, Newfoundland and Labrador (June 26).

The dates are based on averages, and the Fraser Institute has an online calculator for people to enter their own province and family income to determine their personal Tax Freedom Day.

RELATED: Payroll tax replaces medical premiums

B.C.’s new NDP government inherited a large surplus when it took office last summer, allowing it to proceed with planned reductions in small business tax and hold the line on income taxes, except for adding a new top bracket for high income earners.

B.C.’s main shift was an increase in carbon tax on fuels that took effect April 1, with a policy change that carbon tax increases would no longer be offset by reductions in personal income tax rates.

Just Posted

B.C. man facing first-degree murder charge in death of Belgian tourist

Amelie Sakkalis’ body was found on Aug. 22 near Boston Bar

Election 2018: George Buhler running for CSRD trustee chair

George Buhler is running to be the director of Area B in… Continue reading

Cathy English releases second book on the history of Revelstoke

‘Through our lives and our interactions and our words we create this community’

Election 2018: Steven Cross running for city council

Steven Cross is running for city council in the upcoming municipal election.… Continue reading

B.C. tent city ‘devastated’ after flash flood

Maple Ridge mayor says that residents shouldn’t have to return to their flooded tents

Work begins to remove cargo from grounded Haida Gwaii barge and fishing lodge

Westcoast Resorts’ Hippa Lodge broke from its moorings and ran aground early this month

Tilray to export cannabis formulation to U.S. for clinical trial

Marijuana remains illegal in most of the U.S.

Court of appeal grants injunction on Taseko’s exploratory drilling in B.C. Interior

The decision provides temporary protection and relief, said Chief Joe Alphonse

Volunteer crew ready to build ramps for B.C. amputee

Jean Moulton will soon have an easier time getting in and out of her home.

VIDEO: B.C. tour offers unique underground glimpse of generating station

About 1,250 people expected at sold-out tour on Sunday

Allegations against Kavanaugh pose test for #MeToo movement

Aside from the Ford-Kavanaugh showdown, this has been a tumultuous season for the #MeToo movement

Around the BCHL: Merritt forward Mathieu Gosselin is BCHL Player of the Week

Around the BCHL is a (near) daily look at what’s going on around the league and the junior A world.

Parents of B.C. toddler who died in unlicensed daycare sue over negligence

‘Baby Mac’ was only 16 months old when he died in a Vancouver daycare

Most Read