Average Canadian Family Spent 42.3 per Cent of Income on Taxes in 2024: Study

Canada drowning in a sea of red ink, says Fraser Institute report

Canada’s combined federal and provincial government debt almost doubled between 2007 and 2024, rising from $1.21 trillion to $2.3 trillion in inflation-adjusted dollars, according to a new report by the Fraser Institute.

Average Canadian family spends 42% of income on taxes, more than food and housing

‘Canadians pay too much tax because politicians and bureaucrats waste too much money,’ Canadian Taxpayers Federation’s Franco Terrazzano told LifeSite.

Taxes Consume 42% of Average Canadian Family’s Income, Outpacing Housing and Living Costs: Study

The average Canadian household devoted more than 40 percent of its income to taxes last year, exceeding the combined costs of housing, food, and clothing, according to a newly released report. A Canadian family with a combined income of $114,289 paid $48,306 in taxes in 2024, accounting for 42.3 percent of their income, a study published by the Fraser Institute suggests. That figure is 6.8 percent more than the 35.5 percent of income that Canadi…

Average Canadian family spent 42.3 per cent of income on taxes in 2024: study

The average Canadian family spent 42.3 per cent on income taxes in 2024, according to a new study published by the Fraser Institute.

Average Canadian family spent 42.3% of income on taxes in 2024: study

The average Canadian family spent 42.3 per cent of their income on taxes in 2024, according to a new study from the Fraser Institute.

Carney setting the stage for massive deficits this year and beyond

From the Fraser Institute By Jake Fuss and Grady Munro While Prime Minister Carney has promised to fix the rotten fiscal situation he inherited, based on his recent commitments, Canadians shouldn’t hold their breath. During April’s federal election campaign, the Liberal platform promised a budget deficit of $62.3 billion this year—roughly $20 billion larger than what the Trudeau government projected a few months earlier. The platform included bi…