A new Fraser Institute study shows that the average Canadian family pays 42.5 per cent in taxes, including all types, demonstrating how much the government has been whittling away at our paycheques over the last 55 years.
You can check out the full stunning report on their website for the detailed calculations, but what are the high level findings of the report?
They found that the index has increased by 2006 per cent and the average Canadian family making just over $83,000 per year is paying over $35,000 in taxes.
That’s a massive cash grab for the government and that’s for just one year!
The actual tax rate has increased from 33.5 to 42.5 per cent — a full nine percentage points.
And at this point, we’re spending almost as much on taxes as we are on necessities.
Watch as I share other notable items outlined in the report and then discuss government waste.
And what about over half a million spent in moving expenses alone when a Canada Revenue Agency bureaucrat moved 192 kilometres from Richmond Hill to Bellevue, Ontario, all paid for by taxpayers?