A Fraser Institute report on taxes says the average Canadian family is spending 42.6 per cent of its annual income on taxes, compared to 36.2 per cent on basic necessities. This works out, for the average family, to be $38,963 each year in taxes when taking into account federal, provincial and municipal taxes – including hidden taxes. The report’s author, Fraser Institute economist Jake Fuss, joined the Andrew Lawton Show to break down the numbers.
True North seeks to provide Canadians with fair, accurate, truthful and fact-based news reports, analysis, investigative reports, podcasts, interviews and documentaries. True North journalists are professional, independent and credentialed members of the Independent Press Gallery of Canada. All True North journalists must pledge to respect and uphold the Principles of Conduct laid out in the International Federation of Journalists’ Bordeaux Declaration.