Taking in all forms of taxes, the Fraser Institute has calculated the average Canadian family shelled out $34,154 for taxes last year. That figure includes so-called “hidden” business taxes which are passed on to consumers in the price of goods and services purchased.
The Vancouver-based think-tank says the biggest bill was $10,616 for income taxes collected by federal and provincial governments in 2015. The next biggest category was payroll and health taxes which averaged $7,160. Sales taxes cost the average family $4,973. Property taxes cost us $3,832.
Other tax categories including taxes on profits, fuel and import duties, along with “sin taxes” for liquor and alcohol, totalled $7,573.
The study concludes visible and hidden taxes totalled 42.4% of the average family’s annual income, estimated at $80,593. That means Canadians spent more in taxes than the $30,293 or 37.6% of average family income spent housing, food and clothing last year.