In a recent report, the Fraser Institute revealed that the average Canadian family is spending 43 percent of its annual income on taxes and just 35.6 percent on basic necessities like food and shelter. The independent economic think tank examined how the tax burden on Canadian families has shifted from 1961 to 2024. The tax bill has jumped by 2,705 percent, according to the report, which found that an average household earned an income of $109,235 and paid $46,988 in total taxes.
https://thepostmillennial.com/average-canadian-household-pays-43-of-income-on-taxes-only-35-6-on-basic-necessities
In a recent report, the Fraser Institute revealed that the average Canadian family is spending 43 percent of its annual income on taxes and just 35.6 percent on basic necessities like food and shelter. The independent economic think tank examined how the tax burden on Canadian families has shifted from 1961 to 2024. The tax bill has jumped by 2,705 percent, according to the report, which found that an average household earned an income of $109,235 and paid $46,988 in total taxes. https://thepostmillennial.com/average-canadian-household-pays-43-of-income-on-taxes-only-35-6-on-basic-necessities
THEPOSTMILLENNIAL.COM
Average Canadian household pays 43% of income on taxes— only 35.6% on basic necessities
An average household earned an income of $109,235 and paid $46,988 in total taxes.
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