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October 27, 2017 5:11 pm

Today is Tax Freedom Day

Friday, June 9, 2017 @ 8:37 AM

Prince George, B.C.- According to the Fraser Institute,  today is Tax Freedom Day in Canada.

The Institute takes into account all of the taxes  the average Canadian family has to pay,  and  if those taxes had to be paid up front,,  then  as of  today  you would be working for  yourself.

Since governments impose a variety of  taxes,  some  visible and some  hidden, it’s very difficult for the average Canadian to get a clear sense of all the taxes they pay. That’s why every year the Fraser Institute calculates Tax Freedom Day, to show Canadians the total tax burden  they are carrying.

According to the Institute,  it takes 159 days  for the average Canadian to cover all the taxes.

Tax                                         Number of days

Income                                      54

Payroll/health                            33

Sales Tax                                  25

Property                                    14

Profit                                          14

Sin                                               8

Other                                          6

Fuel/Vehicle/carbon taxes          5

Of course each  individual’s  tax freedom day   is different based on their income,  so  to calculate   what that might be for you,  the Fraser Institute  has provided a  link  to  help you calculate your tax freedom day.  You can  access that  calculator by  clicking here.



If I take the first 6 months off of each year.. I should be working tax free. {:)

    Staying true to your handle i see!

Taxes are what make CANADA function.
Work, Pay Them and Be Happy.

    Taxes are what fund our over bloated civil service.

      Meh…. there’s nothing “civil” about them.

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