Tax Freedom Day Understanding

This is a news story, published by torontosun, that relates primarily to Fraser Institute news.

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Tax Freedom Day

torontosun

•

Business

Business & Economics

OPINION: Governments' poor fiscal management raising Canadians' tax burden

Summary

Nutrition label

81% Informative

Fraser Institute calculates Tax Freedom Day when the average Canadian family has earned enough money to pay all taxes levied by the federal, provincial and local governments.

This year , the average family (of two or more people) will earn $ 158,533 in income and pay an estimated $68,266 (or 43.1% ) in taxes.

If we paid all our taxes for 2025 up front, we would pay the government every dollar they earn until June 8 .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive