Canada - 43% average tax -- a new study showed in 2023 the average Canadian family (with a household income of $109,235) paid $46,988 in total taxes (or 43.0 per cent of its household income) to its federal, provincial and local governments. That same family spent $38,930 (or 35.6 per cent of its income) on food, shelter and clothing -- So tax is the LARGEST expense now in Canada. And the debt is out of control so it can only get worse
Canada - 43% average tax -- a new study showed in 2023 the average Canadian family (with a household income of $109,235) paid $46,988 in total taxes (or 43.0 per cent of its household income) to its federal, provincial and local governments. That same family spent $38,930 (or 35.6 per cent of its income) on food, shelter and clothing -- So tax is the LARGEST expense now in Canada. And the debt is out of control so it can only get worse