Taxes

— Aug 10, 2023
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New Brunswick’s Divergent Finances: A Possible Opportunity for Tax Reduction

New Brunswick’s Divergent Finances: A Possible Opportunity for Tax Reduction finds that as a result of the New Brunswick government’s recent spending restraint, the province is now positioned to introduce meaningful tax relief, which if current government revenue and spending growth continues, could reach over $3,600 per taxpayer by 2032/33 without jeopardizing the province’s balanced budget.

— Aug 1, 2023
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Measuring Progressivity in Canada’s Tax System, 2023

Measuring Progressivity in Canada’s Tax System, 2023 finds that the top 20 per cent of income-earning families pay more than half (53.1 per cent) of total taxes including sales and property taxes. Conversely, the bottom 20 per cent of income-earning families pay 2.0 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 13, 2023
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A Poll of Canadians on the Fair Share of Taxes

A Poll of Canadians on the Fair Share of Taxes finds that the majority of Canadians (58 per cent) believe personal income tax rates should not exceed 50 per cent, and yet the top combined personal income tax rate in every province (except Alberta and Saskatchewan) currently exceeds 50 per cent.

— Jun 19, 2023
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This year, Tax Freedom Day is Monday, June 19. 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 2023, the average Canadian family (with two or more people) will pay 46.1 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.

— Mar 14, 2023
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The Cost of Business Subsidies in Canada

The Cost of Business Subsides in Canada finds that from 2007 to 2019 (the latest year of available pre-COVID data), federal, provincial and local governments spent more than $350 billion on business subsidies—also known as corporate welfare.

— Mar 2, 2023
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A Poll of Canadians on the Average Family’s Taxes

Polling Canadians on Taxes for the Average Family, based on a new Leger poll in early 2023 that surveyed 1,554 Canadians about their opinions on the tax burdens imposed on families, finds that 80 per cent of Canadians across the country support the average family paying 40 per cent or less of their income in total taxes to all levels of government.

Taxes Research Experts