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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

FRASER INSTITUTE: Governments impose a litany of taxes - some visible, some hidden - making it very difficult for us to get a clear sense of all the taxes we pay. That’s why the Fraser Institute calculates Tax Freedom Day



According to the Fraser Institute, tomorrow is Tax Freedom Day ... so, happy almost Tax Freedom Day!

If you paid all your taxes up front, you’d give government every dollar you earned up to tomorrow (June 14th), Tax Freedom Day. From today onward, you’re finally working for yourself and your family.

Because governments impose a litany of taxes—some visible, some hidden—it’s very difficult for Canadians to get a clear sense of all the taxes they pay. That’s why every year the Fraser Institute calculates Tax Freedom Day, a handy measure of the total tax burden imposed on Canadian families by federal, provincial and local governments.

To learn more about Tax Freedom Day, check out the Fraser Institutes video, infographics and maybe even take a moment to calculate your own personal Tax Freedom Day on our website.

Here are just a few things you may wish to take note of:

  • In 2019, the average Canadian family will earn $117,731 in income and pay an estimated $52,675 in total taxes (44.7%).

  • If the average Canadian family had to pay its taxes up front, it would have worked until June 13 to pay the $52,675 total tax bill imposed on it by all three levels of government (federal, provincial, and local).

  • This means that Tax Freedom Day, the day in the year when the average Canadian family has earned enough money to pay the taxes imposed on it, falls on June 14.

  • Tax Freedom Day in 2019 comes one day earlier than in 2018, when it fell on June 15. This decline is due to the expectation that the incomes of Canadians will increase more than the total tax revenue forecasted by Canadian governments.

  • Tax Freedom Day for each province varies according to the extent of the provincially levied tax burden. The earliest provincial Tax Freedom Day falls on May 27 in Alberta, while the latest falls on July 2 in Newfoundland & Labrador.

  • If governments increased taxes to balance their budgets instead of financing expenditures with deficits (which are deferred taxes), Tax Freedom Day would arrive 8 days later. Put differently, the Balanced-Budget Tax Freedom Day arrives on June 22.


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