Compliance costs for Canadians filing personal income taxes in 2023 estimated at $4.2 billion
Personal Income Tax Compliance for Canadians: How and at What Cost?
By Fraser Institute —— Bio and Archives--April 30, 2024
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—Total compliance costs for filing personal income taxes in 2023 are estimated at $130 per Canadian tax filer, or $4.2 billion altogether, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Overall, compliance costs for personal income taxes and payroll taxes represent a significant expense for Canadians in order to facilitate a process already widely regarded by many Canadians as a financial strain,” said Jake Fuss, director of fiscal studies at the Fraser Institute.
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