The average Canadian family spent over 40 percent of its income on taxes in 2021—more than food, housing, and clothing combined—according to a new study by the Fraser Institute.
Published on Sept. 21, the study [pdf] found that while the average Canadian family earned an income of $99,030 in 2021, a total of $42,547 was used to pay taxes.
In total, families spent 43 percent of their income on taxes compared to 35.7 percent on basic necessities such as food, shelter, and clothing.
The study, titled “Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2022 Edition” also tracked the increase in taxes paid by the average Canadian family over the past 60 years….