CALGARY—Despite the COVID-19 pandemic and shutdowns driving down tax revenues collected by governments across Canada, the average Canadian family still spent over 36 per cent of its income on taxes in 2020—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.
“Throughout the COVID pandemic, as tax revenues decreased for governments nationwide, taxes remained the largest household expense for Canadian families,” said Jake Fuss, economist at the Fraser Institute and co-author of The Canadian Consumer Tax Index, 2021 Edition.