Fraser Institute News Release: The Average Canadian Family

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CALGARY, Alberta, Sept. 21, 2022 (GLOBE NEWSWIRE) — The average Canadian family spent 43% of their income on taxes in 2021, more than housing, food and clothing costs combined, according to a new study released today by the Fraser Institute, an independent, non-partisan think tank on Canadian public policy.

“Taxes remain the single largest household expense for families in Canada,” said Jake Fuss, Associate Director of Tax Studies at the Fraser Institute and co-author of Taxes versus the Necessities of Life: The Canadian Commodity Tax Index 2022 Edition.

In 2021, the average Canadian family earned an income of $99,030 and paid a total of taxes equivalent to $42,547.

In other words, the average Canadian family spent 43.0% of their income on taxes, compared to 35.7% on basic necessities.

This is a dramatic change since 1961, when the average Canadian family spent far less of their income on taxes (33.5%) than on basic necessities (56.5%). Taxes have risen much faster than any other expense for the average Canadian family.

Canadians’ total tax bill includes visible and hidden taxes (paid to federal, provincial and local governments), including taxes on income, payroll, sales, property, carbon, health, fuel and the alcohol.

Moreover, since 1961, the total tax bill of an average Canadian family has increased nominally by 2,440%, outweighing annual increases in the costs of housing (1,751%), clothing (643%) and food (790 %).

“Given the sheer amount of revenue that goes to pay taxes in this country, Canadians may wonder if we are getting our money’s worth or not,” Fuss said.

MEDIA CONTACTS:

Jake Fuss, Associate Director of Tax Studies
Fraser Institute

To arrange media interviews or for more information, please contact:
Drue MacPherson, 604-688-0221 ext. 721, [email protected]

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The Fraser Institute is an independent Canadian public policy research and education organization with offices in Vancouver, Calgary, Toronto and Montreal and links to a global network of think tanks in 87 countries. Its mission is to improve the quality of life of Canadians, their families and future generations by studying, measuring and widely communicating the effects of government policies, entrepreneurship and choices on their well-being. To protect the independence of the Institute, it does not accept government grants or research contracts. Visit www.institutfraser.org.

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