Unless analyzing tax policy is part of your day job, you likely avoid thinking about what ultimately can be a polarizing topic. But with the deadline for filing our income tax returns around the corner, were all forced to at least temporarily think about taxes. The deadline after all is a sharp reminder of how much income tax we paid throughout the year.
total tax bill
June 18, 2012
2:00AM
Shortly before unveiling the provincial budget in March, Quebec Finance Minister Raymond Bachand told reporters that the average family pays enough taxes in Quebec. We couldnt agree more. This year Quebecers have to wait until June 17 (nearly six months) to celebrate Tax Freedom Day. That is, if the average family in Quebec had to pay all the taxes it owed to all levels of government in advance, they would have to hand-over every single dollar they earned up to June 17Tax Freedom Day.
June 13, 2012
2:00AM
If youve ever tried to calculate all the taxes you pay in a year to all levels of government, youve probably given up somewhere along the way. While most of us can easily decipher how much income tax we pay its right there on our tax returns its a lot more difficult to gauge how much we pay in not-so-obvious taxes.
June 6, 2011
2:00AM
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.
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.