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Bringing about a higher level of transparency and accountability in provincial and federal governments to help protect taxpayers from abuse

Bringing about a higher level of transparency and accountability in provincial and federal governments to help protect taxpayers from abuse.

Average Canadians pay 42.5 per cent of their income in taxes: report

Canadians pay a whopping 42.5 per cent of their income in taxes, according to a new report by the Fraser Institute.

An average family with an income of about $83,000 paid roughly $35,000 in taxes last year, the Vancouver, B.C.-based think-tank calculated. That overall tax bill accounts for federal, provincial and local taxes, including income, payroll, sales and property taxes.

By comparison, a typical Canadian household used only 37 per cent of its income on basic necessities, according to the report. Spending on housing (including rent and mortgage payments), food and clothing amounted to $31,000 for the typical family.

Read more at Global News

Vancouver-like tax isn’t right way to slow our soaring house prices

Earlier this month, I created an online poll asking readers if they favored a Vancouver, B.C.-like tax on foreign buyers of residential property. The results were unscientific but resounding: More than 68 percent of respondents favored it.

The action by the British Columbia government came in August, imposing on foreigners a 15 percent property-transfer excise tax for real-estate purchases in metropolitan Vancouver.

Source: http://www.seattletimes.com/business/bc-like-tax-is-wrong-answer-for-soaring-home-prices-here/