A report says average Canadians pay 42.5% of their income in taxes.




A new report by the Fraser Institute says that Canadians pay a whopping 42.5% of their income in taxes.

By comparison, a typical Canadian household used only 37 per cent of its income on basic necessities, according to the report. Spending on housing (including rent and mortgage payments), food and clothing amounted to $31,000 for the typical family.

The data suggests that still, Canadians are paying a relatively lower tax bill today than they were between the late 1990s and the financial crisis.