In 2016, the average Canadian family will earn $105,236 in income and pay a total of $45,167 in taxes (42.9%). If the average Canadian family had to pay its total tax bill of $45,167 up front, it would have worked until June 6 to pay the total tax bill imposed on it by all three levels of government (federal, provincial, and local). This means that in 2016, the average Canadian family will celebrate Tax Freedom Day on June 7.
Source: Canadians Celebrate Tax Freedom Day on June 7, 2016 | Fraser Institute
Leave a Reply