Compliance costs for Canadians filing personal income taxes in 2023 estimated at $4.2 billion
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.