Tax Facts

Posted by Steve Kellar on Sep 21, 2009 in eng | 0 comments

Quick Facts: Canadian Tax Facts

1. The total tax bill of the average Canadian family has increased by 1,351 percent since 1961, Source: Fraser Institute

2. In 2003, the average Canadian family earned an income of $58,782 and paid total taxes equaling $27,640 (47.0 percent). Source: Fraser Institute

3. In 2003, the top 30 percent of families earned 59.0 percent of all income in Canada and paid 65.6 percent of all taxes. Source: Fraser Institute

4. GST – money collected has increased by $1.8 billion.

5. CORPORATE TAXES – a $6.8 billion increase.

6. 17 different taxes in Canada resulting in the average Canadian now paying over 50% in taxes.

7. 1999 Canada�s total all-government gross debt was equal to $3.5 trillion. This is equal to 410% of Canada�s GDP

8. The CDN government owes $115,772 for every CDN citizen or $243,632 for each taxpayer. This debt worsens by $100+ billion per annum.

9. The interest charges alone on federal public debt eats up more than 1/3 of Ottawa�s total annual revenue.

10. 85% of CDN�s surveyed agreed that they were paying too much tax.

Source: Fraser Institute & The 10 Secrets Revenue Canada Doesn’t Want YOU To Know (David Voth,)

On this day...