GOLDSTEIN: Average Canuck paying more in taxes than on necessities, report says

Average Family Spends 43 Percent of Income on Taxes, More Than on Necessities: Report

The average Canadian family continues to spend more of its income on taxes than on basic necessities, a think tank says in its 2024 report. The Fraser Institute released its latest Consumer Tax Index on July 30, a program that has been tracking Canada’s tax burden since 1961. The average Canadian family in 2023 spent 43 percent of its income on taxes and 35.6 percent on basic necessities such as food, clothes, and shelter, the report found. “Con…

GOLDSTEIN: Average Canuck paying more in taxes than on necessities, report says

For an average household with an income of $109,235, that amounted to a total tax bill of $46,988 in 2023.