tax freedom day

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Happy Tax Freedom Day! When Canadians return to work on Monday (June 6), they will finally be working for themselves. In other words, if we had to pay all our taxes up front, we would have to pay each and every dollar we earned from January 1 to June 5 to various levels of government.

Coincidentally, Finance Minister Jim Flaherty is also scheduled to deliver the federal budget on Tax Freedom Day. All expectations for the budget are that it will look much like the March version, dubiously entitled A Low-Tax Plan for Jobs and Growth.

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Happy Tax Freedom Day! Monday, British Columbians start working for themselves.  In other words, if we had to pay all our taxes up front, we would have to pay each and every dollar we earned from January 1 to June 5 to various levels of government.

This of course, translates into an awful lot of money. In fact, the average British Columbian family with two or more individuals will hand-over about $36,600 in taxes to their federal, provincial and local governments (42.7% of their income).


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On Saturday June 6th, Canadians across the country will be celebrating Tax Freedom Day, the day the average Canadian has earned enough money to cover the total amount of taxes that they are obliged to pay to various levels of Canadian government. From here on in, Canadians are working for themselves and their families.