total tax bill

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June 23 is Balanced Budget Tax Freedom Day in Canada

Canadians should consider the $69.9 billion in combined federal and provincial deficits as deferred taxes.


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Canadian families face larger tax burden than last year

In 2024, the average Canadian family earning $147,570 will pay an estimated $65,766 in total taxes.


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Canadian businesses must prepare for heavier tax burden in 2024

The federal carbon tax will rise to $80 per tonne this year.


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Tax bill for Canadian families higher now than before COVID

In 2023, the average Canadian family earning $140,106 will pay 46.1 per cent of their income in taxes.


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Prices for basic necessities rose but tax bills grew faster

On an inflation-adjusted basis, the total tax bill for Canadian families has increased by more than 181 per cent since 1961.


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Taxes remain largest expense for Canadian families

The average Canadian family spends nearly twice as much on taxes than on housing.