The average Canadian family paid more in 2023 on taxes than it did on housing, food and clothing combined
“Considering the sheer amount of income that goes towards taxes in this country, Canadians may question whether or not we’re getting good value for our money”
By Fraser Institute —— Bio and Archives--July 30, 2024
Canadian News, Opinion | Comments | Back To Full Article
CALGARY—The average Canadian family spent 43.0 per cent of its income on taxes in 2023—more than housing, food and clothing costs combined, finds a new study published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Taxes remain the largest household expense for families in Canada,” said Jake Fuss, director of Fiscal Studies at the Fraser Institute and co-author of Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2024 Edition.
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