Once government spending surpasses 30 per cent of GDP, economic growth declines.
total tax bill
The average Canadian family paid $34,154 in total taxes last year.
If you asked average Canadian families what their largest expense is, many would probably say housing. And you can’t blame them. Mortgage and rental payments are a painful monthly reminder of how much we pay for this basic necessity.
No one really thinks there shouldn’t be any taxes. After all, how would governments fund important public services that form the foundation of our economy? Think of services such as protecting property, building infrastructure, upholding the legal system, to name a few.
If you asked average Canadian families what their largest expense is, many would probably say housing. And you can’t blame them. Mortgage and rental payments are a painful monthly reminder of how much we pay for this basic necessity.