Canadian Tax bill


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VANCOUVER – A new study says the average Canadian family was spending more on taxes than on food, shelter and clothing combined.

The Fraser Institute study says that in 2013, the average Canadian family earned $77,381 and paid $32,369 in total taxes, or 41.8 per cent of income, compared with 36.1 per cent for food, shelter and clothing combined.

By comparison, in 1961 the average family earned about $5,000 and spent 56.5 per cent of its income on food, shelter and clothing, while $1,675 went to taxes (33.5 per cent).

http://www.moneysense.ca/must-read/canadians-spending-more-on-taxes-fraser-institute

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