Taxes

— Nov 18, 2021
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Tax and Expenditure Limitations for Canada’s Federal Government: A Primer

Tax and Expenditure Limitations for Canada’s Federal Government: A Primer is a new study that finds if the federal government had introduced more discipline on the growth in government spending beginning in 2015—even one that allowed for all the COVID emergency spending—the federal budget could have been balanced by 2025/26. Instead, the Parliamentary Budget Officer predicts it will be at least 2070 before the budget is balanced.

— Sep 9, 2021
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The Lifetime Tax Burden for Canadians from Federal Debt Accumulation

Lifetime Tax Burden for Canadians from Federal Debt Accumulation finds that Canadians aged 16 to 35 will pay an additional $205.1 billion in personal income taxes (or 61.7 per cent of the total burden imposed on all age groups) over their lifetimes due to additional federal debt accumulation.

— Aug 13, 2021
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Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2021 edition

The Canadian Consumer Tax Index, 2021 Edition is a new study that finds even with a substantial COVID-driven reduction in tax revenue, the average Canadian family still spent over 36 per cent of its income on taxes in 2020 compared to 35.4 per cent on basic necessities—more than housing, food and clothing costs combined. Since 1961, the average Canadian family’s total tax bill has increased nominally by 1,992 per cent, eclipsing increases in annual housing costs (1,671 per cent), clothing (629 per cent) and food (767 per cent).

— Aug 5, 2021
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Measuring Progressivity in Canada’s Tax System

Measuring Progressivity in Canada’s Tax System finds that the top 20 per cent of income-earning families pay nearly two-thirds (63.2 per cent) of Canada’s personal income taxes (provincial and federal) and more than half (54.7 per cent) of total taxes including sales and property taxes. Conversely, the bottom 20 per cent of income-earning families pay 1.0 per cent of all personal income taxes and 2.3 per cent of total taxes, due partly to the progressivity of Canada’s tax system where the share of taxes paid typically increases as incomes rise.

— Jul 20, 2021
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What Happens If Alberta Returns to the Flat Tax System?

What Happens If Alberta Returns to the Flat Tax System? find that the Alberta government can reinstate a 10 per cent single-rate personal income tax and restore the “Alberta Tax Advantage” while incurring only a modest loss in revenue.

— May 21, 2021
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This year, Tax Freedom Day is Monday, May 24. If you had to pay all your federal, provincial and municipal taxes up front, you would give government every dollar you earned from January 1st to Tax Freedom Day, when Canadians finally start working for themselves. In 2021, the average Canadian family (with two or more people) will pay 39.1 per cent of its annual income in taxes, including income taxes, payroll taxes, health taxes, sales taxes, property taxes, fuel taxes, carbon taxes and more.

Taxes Research Experts