Tax Freedom Day in Canada falls on June 19 this year, according to the Fraser Institute.
Tax Freedom Day refers to when Canadians would theoretically start working for themselves if they paid all their taxes to the government up front starting on Jan. 1.
“If the average Canadian family had to pay its taxes up front, it would have worked until June 18 to pay the total tax bill imposed on it by all three levels of government (federal, provincial, and local),” the institute said in a June 19 news release accompanying the full report.
“This year, it comes eight days later than in 2019, the last year before the pandemic, and four days later than 2021 when it fell on June 15,” said the report. The tax burden equals more than five months of income earned, according to the Institute….