Today is the first day of the year our income is entirely our own.

ThatB次元官网网址檚 according to Fraser InstituteB次元官网网址檚 annual calculation that June 9 is this yearB次元官网网址檚 Tax Freedom Day.

Each year, the Vancouver-based think-tank adds up the total yearly tax burden for Canadian families by federal, provincial and municipal government.

The idea is that if taxes had to be paid up front, Tax Freedom Day marks the first day of the year families can start keeping their entire income, instead of being used to pay their taxes.

In 2017, the average Canadian family will pay about $47,000 in total taxes. ThatB次元官网网址檚 43.4 per cent of their annual income going to income taxes, payroll taxes, health taxes, sales taxes and more.

B次元官网网址淚tB次元官网网址檚 difficult for average Canadians to add up all the taxes they pay in a year because the different levels of government levy such a wide range of taxes, and thatB次元官网网址檚 why we do these calculationsB次元官网网址攖o give Canadians a better understanding of exactly how much they pay to government,B次元官网网址� said Charles Lammam, director of fiscal studies at the institute.

ashley.wadhwani@bpdigital.ca
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