Canadians spend half their income on taxes, says study

[Herman]

Folks in this country are going broke paying for Justine's prog bullshit.



https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study">https://www.rebelnews.com/canadians_spe ... says_study">https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study

In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106).



As of June 19, every dollar Canadians earn this year represents a dollar not pocketed by grubby government bureaucrats.



"If Canadians paid all their taxes up front, they would work the first 169 days of this year before bringing any money home for themselves and their families," said Jake Fuss, associate director of fiscal studies at the Fraser Institute.



In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106). Last year, the average family paid 45.2% of its income to the government.



The tax burden compromises more than five months of income — from January 1 to June 18. On June 19, — otherwise known as "Tax Freedom Day" — Canadians start working for themselves.



According to the Fraser Institute, Tax Freedom Day measures the total annual tax burden imposed on Canadian families by federal, provincial and municipal governments. They encompass income taxes, payroll taxes (including the Canada Pension Plan), health taxes, sales taxes (like the GST), property taxes, fuel taxes, carbon taxes, "sin" taxes and more.



This year, it comes eight days later than in 2019, the last year before the pandemic, and four days later than 2021, when it fell on June 15.



According to the Canadian Taxpayers Federation (CTF), Canadians will see 'significant tax changes' in 2023. Their "New Year's Tax Changes" report outlined higher CPP and EI premiums by hundreds of dollars, $445 more in carbon taxes — a second carbon tax — and a 6.3% tax increase on booze.



"Tax hikes will give Canadians a hangover in the new year," CTF federal director, Franco Terrazzano, told Rebel News. "Canadians can't afford gas or groceries, and the government is making things worse by hiking taxes."



"Canadians pay too much tax because politicians waste too much money. The government needs to provide relief by trimming the fat and cutting taxes."



A Leger poll posted earlier this year found over half (52%) of Canadians believe the average family should pay 25% or less of their income to the government. Four in every five support paying the government less than 40% of their income.



According to Statistics Canada, most workers have seen their purchasing power decline in recent years.



"Wages and earnings have not kept pace with price pressures, especially those related to food and shelter," said a StatsCan report Research To Insights: Consumer Price Inflation, Recent Trends And Analysis.



Though weekly earnings typically increased 4.2% last year, rent increased 5.9% over the same period.



"Despite moderate increases in wages and earnings, most workers have seen their purchasing power decline as inflationary pressures ramp up," wrote analysts.



The cost of running a family car rose 13.4%, food prices increased 14.8% and mortgage interest costs jumped 18%.



"Increases in the cost of living are [harming] net saving and wealth, especially for more vulnerable households," disproportionately impacting low and middle-income households.



StatsCan said young adults expressed the most concern over finances, with almost half of those aged 35 to 44 having difficulty meeting their financial needs last year.



The Financial Consumer Agency found that 38% of Canadians borrow money to meet monthly expenses.



"More are borrowing money to cover their day-to-day expenses, including high-cost loans," said an Agency report, Consumer Vulnerability: Evidence From The Monthly Covid-19 Financial Well-Being Survey.



"The percentage of Canadians who borrowed money to cover daily expenses increased from 26% in 2020 to 38% in September 2022," said Consumer Vulnerability. Other findings from monthly questionnaires showed 48% of Canadians used their savings to meet monthly expenses, while 25% routinely spent more than they earned each month.



Forty percent of Canadians surveyed said they were "just getting by financially," while 41% worried they had no money to cover unexpected expenses like car repairs.



Ultimately, three-quarters (74%) believe a family of two or more people is over-taxed by all levels of government.



"There is a large discrepancy between what the average family pays in total taxes versus what Canadians believe the average family should be paying," said Fuss. "It's clear that many Canadian families don't believe they're getting value from their taxes."



Leger said nearly half (44%) of Canadians believe they're getting poor or very poor value from government services.



"Tax relief should be a much higher policy priority given the overwhelming view that average Canadian families are overtaxed coupled with the weak support for the value Canadians receive in government-provided services," added Fuss.

[Herman]

Frickin bullshit.



https://www.theglobeandmail.com/politics/article-how-did-ottawa-spend-more-than-600-billion-last-year/">https://www.theglobeandmail.com/politic ... last-year/">https://www.theglobeandmail.com/politics/article-how-did-ottawa-spend-more-than-600-billion-last-year/

Justine is asking Parliament to approve billions in new spending during a brief four-week sitting in Ottawa, but is facing questions because it has not released a full accounting of how it spent more than $600-billion last year during the peak of Canada's pandemic response.



Finance Minister Chrystia Freeland's April budget estimated the budget deficit for 2020-21 would be $354.2-billion – up from $39.4-billon the previous year. For context, the projected deficit was nearly the same size as the $362.9-billion in total federal spending the previous year. The budget had said total spending for 2020-21 would be $634.9-billion.



The budget said the deficit for the current fiscal year would be $154.7-billion.



The government is seeking parliamentary approval for $8.7-billion in additional spending in the current fiscal year through a process called the supplementary estimates. With the support of the NDP, it also passed a motion last week that replaced the normal practice of having such spending requests reviewed through hearings by relevant standing committees, which are not yet up and running.



Instead, the new spending will be reviewed by the "committee of the whole," a practice in which all MPs on the floor of the House of Commons act as a temporary committee. Unlike the normal practice of standing committees, this does not involve calling policy experts or departmental officials to discuss the proposed spending.



Over the past 10 years, the public accounts have been tabled six times in October, twice in November and twice in December.



Conservative Senator Elizabeth Marshall, a former Newfoundland and Labrador auditor-general, said the lack of accounting is unacceptable.

[DKG]

Folks in this country are going broke paying for Justine's prog bullshit.



https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study">https://www.rebelnews.com/canadians_spe ... says_study">https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study

In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106).



As of June 19, every dollar Canadians earn this year represents a dollar not pocketed by grubby government bureaucrats.



"If Canadians paid all their taxes up front, they would work the first 169 days of this year before bringing any money home for themselves and their families," said Jake Fuss, associate director of fiscal studies at the Fraser Institute.



In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106). Last year, the average family paid 45.2% of its income to the government.



The tax burden compromises more than five months of income — from January 1 to June 18. On June 19, — otherwise known as "Tax Freedom Day" — Canadians start working for themselves.



According to the Fraser Institute, Tax Freedom Day measures the total annual tax burden imposed on Canadian families by federal, provincial and municipal governments. They encompass income taxes, payroll taxes (including the Canada Pension Plan), health taxes, sales taxes (like the GST), property taxes, fuel taxes, carbon taxes, "sin" taxes and more.



This year, it comes eight days later than in 2019, the last year before the pandemic, and four days later than 2021, when it fell on June 15.



According to the Canadian Taxpayers Federation (CTF), Canadians will see 'significant tax changes' in 2023. Their "New Year's Tax Changes" report outlined higher CPP and EI premiums by hundreds of dollars, $445 more in carbon taxes — a second carbon tax — and a 6.3% tax increase on booze.



"Tax hikes will give Canadians a hangover in the new year," CTF federal director, Franco Terrazzano, told Rebel News. "Canadians can't afford gas or groceries, and the government is making things worse by hiking taxes."



"Canadians pay too much tax because politicians waste too much money. The government needs to provide relief by trimming the fat and cutting taxes."



A Leger poll posted earlier this year found over half (52%) of Canadians believe the average family should pay 25% or less of their income to the government. Four in every five support paying the government less than 40% of their income.



According to Statistics Canada, most workers have seen their purchasing power decline in recent years.



"Wages and earnings have not kept pace with price pressures, especially those related to food and shelter," said a StatsCan report Research To Insights: Consumer Price Inflation, Recent Trends And Analysis.



Though weekly earnings typically increased 4.2% last year, rent increased 5.9% over the same period.



"Despite moderate increases in wages and earnings, most workers have seen their purchasing power decline as inflationary pressures ramp up," wrote analysts.



The cost of running a family car rose 13.4%, food prices increased 14.8% and mortgage interest costs jumped 18%.



"Increases in the cost of living are [harming] net saving and wealth, especially for more vulnerable households," disproportionately impacting low and middle-income households.



StatsCan said young adults expressed the most concern over finances, with almost half of those aged 35 to 44 having difficulty meeting their financial needs last year.



The Financial Consumer Agency found that 38% of Canadians borrow money to meet monthly expenses.



"More are borrowing money to cover their day-to-day expenses, including high-cost loans," said an Agency report, Consumer Vulnerability: Evidence From The Monthly Covid-19 Financial Well-Being Survey.



"The percentage of Canadians who borrowed money to cover daily expenses increased from 26% in 2020 to 38% in September 2022," said Consumer Vulnerability. Other findings from monthly questionnaires showed 48% of Canadians used their savings to meet monthly expenses, while 25% routinely spent more than they earned each month.



Forty percent of Canadians surveyed said they were "just getting by financially," while 41% worried they had no money to cover unexpected expenses like car repairs.



Ultimately, three-quarters (74%) believe a family of two or more people is over-taxed by all levels of government.



"There is a large discrepancy between what the average family pays in total taxes versus what Canadians believe the average family should be paying," said Fuss. "It's clear that many Canadian families don't believe they're getting value from their taxes."



Leger said nearly half (44%) of Canadians believe they're getting poor or very poor value from government services.



"Tax relief should be a much higher policy priority given the overwhelming view that average Canadian families are overtaxed coupled with the weak support for the value Canadians receive in government-provided services," added Fuss.

If I am not mistaken, this study doesn't count the carbon tax, the Clean Fuels Standard tax and the GST on both.

[Lokmar]

Personally, I openly support any and all republicans that commit tax fraud and I would vote to acquit any and all republicans, no matter how wealthy, of any amount of tax fraud, no matter how much they didnt pay.



Any democRAT that didnt pay, even as little as $1, I would see executed.

[Shen Li]

Folks in this country are going broke paying for Justine's prog bullshit.



https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study">https://www.rebelnews.com/canadians_spe ... says_study">https://www.rebelnews.com/canadians_spend_half_their_income_on_taxes_says_study

In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106).



As of June 19, every dollar Canadians earn this year represents a dollar not pocketed by grubby government bureaucrats.



"If Canadians paid all their taxes up front, they would work the first 169 days of this year before bringing any money home for themselves and their families," said Jake Fuss, associate director of fiscal studies at the Fraser Institute.



In 2023, the average Canadian family of two or more people will pay $64,610 in total taxes, representing 46.1% of their annual gross income ($140,106). Last year, the average family paid 45.2% of its income to the government.



The tax burden compromises more than five months of income — from January 1 to June 18. On June 19, — otherwise known as "Tax Freedom Day" — Canadians start working for themselves.



According to the Fraser Institute, Tax Freedom Day measures the total annual tax burden imposed on Canadian families by federal, provincial and municipal governments. They encompass income taxes, payroll taxes (including the Canada Pension Plan), health taxes, sales taxes (like the GST), property taxes, fuel taxes, carbon taxes, "sin" taxes and more.



This year, it comes eight days later than in 2019, the last year before the pandemic, and four days later than 2021, when it fell on June 15.



According to the Canadian Taxpayers Federation (CTF), Canadians will see 'significant tax changes' in 2023. Their "New Year's Tax Changes" report outlined higher CPP and EI premiums by hundreds of dollars, $445 more in carbon taxes — a second carbon tax — and a 6.3% tax increase on booze.



"Tax hikes will give Canadians a hangover in the new year," CTF federal director, Franco Terrazzano, told Rebel News. "Canadians can't afford gas or groceries, and the government is making things worse by hiking taxes."



"Canadians pay too much tax because politicians waste too much money. The government needs to provide relief by trimming the fat and cutting taxes."



A Leger poll posted earlier this year found over half (52%) of Canadians believe the average family should pay 25% or less of their income to the government. Four in every five support paying the government less than 40% of their income.



According to Statistics Canada, most workers have seen their purchasing power decline in recent years.



"Wages and earnings have not kept pace with price pressures, especially those related to food and shelter," said a StatsCan report Research To Insights: Consumer Price Inflation, Recent Trends And Analysis.



Though weekly earnings typically increased 4.2% last year, rent increased 5.9% over the same period.



"Despite moderate increases in wages and earnings, most workers have seen their purchasing power decline as inflationary pressures ramp up," wrote analysts.



The cost of running a family car rose 13.4%, food prices increased 14.8% and mortgage interest costs jumped 18%.



"Increases in the cost of living are [harming] net saving and wealth, especially for more vulnerable households," disproportionately impacting low and middle-income households.



StatsCan said young adults expressed the most concern over finances, with almost half of those aged 35 to 44 having difficulty meeting their financial needs last year.



The Financial Consumer Agency found that 38% of Canadians borrow money to meet monthly expenses.



"More are borrowing money to cover their day-to-day expenses, including high-cost loans," said an Agency report, Consumer Vulnerability: Evidence From The Monthly Covid-19 Financial Well-Being Survey.



"The percentage of Canadians who borrowed money to cover daily expenses increased from 26% in 2020 to 38% in September 2022," said Consumer Vulnerability. Other findings from monthly questionnaires showed 48% of Canadians used their savings to meet monthly expenses, while 25% routinely spent more than they earned each month.



Forty percent of Canadians surveyed said they were "just getting by financially," while 41% worried they had no money to cover unexpected expenses like car repairs.



Ultimately, three-quarters (74%) believe a family of two or more people is over-taxed by all levels of government.



"There is a large discrepancy between what the average family pays in total taxes versus what Canadians believe the average family should be paying," said Fuss. "It's clear that many Canadian families don't believe they're getting value from their taxes."



Leger said nearly half (44%) of Canadians believe they're getting poor or very poor value from government services.



"Tax relief should be a much higher policy priority given the overwhelming view that average Canadian families are overtaxed coupled with the weak support for the value Canadians receive in government-provided services," added Fuss.

This is one of the reasons we are abandoning this sinking ship called Canada.

[Melson Gibson]

Another 1,200,000 immigrants flooded into this country should solve this problem!  I'm told that those numbers will solve every other problem, so clearly it will solve this one too!  I'm just not sure when the actual solving is supposed to happen...  They haven't made that very clear to me yet.

[Adolf Oliver Bush]

Another 1,200,000 immigrants flooded into this country should solve this problem!  I'm told that those numbers will solve every other problem, so clearly it will solve this one too!  I'm just not sure when the actual solving is supposed to happen...  They haven't made that very clear to me yet.

They won't. The "solution" such that it is, is weakening any opposition you could mount to their excesses to the point they can do as they please without an army of you going "REEE" about it.



You think a 50% tax on income is bad (hint: it is), try taking a look at Bawwstrayya... they'd be lucky if twenty cents in their dollar actually represented purchasing power, all the rest goes in taxes of one form or another. And for what it's worth, I can see a similar situation being introduced on a DeSantis ticket, so be prepared to kiss the value of hopping the border for a bargain deal goodbye if he gets in.

[DKG]

Canada's lost decade under Trudeau.



Key measure of economic wellbeing in Canada basically flatlined since 2015



Canada's economic prosperity is stagnating — at best. Many readers probably feel this, based on their own experiences trying to earn a living and pay the bills. Others may sense it from observing the wellbeing of their children or neighbours or the health of local small businesses.



This isn't just about high inflation rates over the last two years. It also speaks to deeper problems with our economy; problems that continue to weigh on the growth of real incomes for many households and individuals.



When Justin Trudeau led his Liberal Party to a majority government back in 2015, he pledged to support "the middle class and those seeking to join it." However, judging by the trend in inflation-adjusted incomes, his government has done little to bolster the fortunes of the (never-defined) "middle class."



Consider what's happened to the total output of the Canadian economy — what economists call gross domestic product (GDP) — measured on a per-person basis. Because Canada has a rapidly growing population, it's important to account for demographic change when looking at how much output the economy produces in any given year. All things equal, an expanding population leads to more production both because the workforce is increasing and also because adding more people automatically pushes up the demand for goods, services and housing.



But a recent report from the Desjardins credit union shows that Canada lags behind many of its peers (including the United States, Germany, Australia and the Scandinavian countries) in the level of GDP per person, a common measure of prosperity. Before Trudeau took office, Canada's GDP per person roughly matched the average for the developed economies as a group. Since then, "an increasingly wide gap has opened up with other advanced economies," according to Desjardins.



After stripping out inflation, GDP per person in Canada has been almost flat since 2015. Moreover, Canada ranks near the bottom among all developed economies in improving this core indicator of economic wellbeing. Yes, the Canadian economy has been growing over the past seven to eight years, but this mainly reflects a larger population and workforce coupled with the impact of inflation. When GDP figures are adjusted to account for population growth and inflation, it turns out that Canada has enjoyed very few gains in per-person prosperity.



And the situation is getting worse. Statistics Canada reports that real GDP per person stood at $56,206 in 2019 before the onset of COVID-19. It dropped sharply to $52,741 in 2020 before rebounding over the course of 2021-22 as the economy reopened. But in 2022, real GDP per person remained below the 2019 level and was scarcely higher than five years earlier.



How will things evolve going forward? Using economic growth forecasts embodied in the 2023 federal budget and assuming annual population growth of 1.8%, even by 2027 real GDP per person — again, the key indicator of how Canadians are faring in economic terms — will remain below its pre-pandemic level and be only a smidgeon higher than in 2017.



Most Canadian policymakers — including prime minister Trudeau and his cabinet — prefer to ignore the reality of a stagnant economy that's no longer generating meaningful increases in real incomes for most citizens. That's not good enough. Canadians should insist that governments devise sensible pro-growth policies that will help lift the incomes of families and workers in the coming years.



Jock Finlayson is a senior fellow at the Fraser Institute

https://torontosun.com/opinion/columnists/opinion-key-measure-of-economic-wellbeing-in-canada-basically-flatlined-since-2015?fbclid=IwAR1OMdy9SlnHWKwv5uFRb3_IIeWMBFv2-FDijphsbiz8mcJepBXf8rOuHDo">https://torontosun.com/opinion/columnis ... BXf8rOuHDo">https://torontosun.com/opinion/columnists/opinion-key-measure-of-economic-wellbeing-in-canada-basically-flatlined-since-2015?fbclid=IwAR1OMdy9SlnHWKwv5uFRb3_IIeWMBFv2-FDijphsbiz8mcJepBXf8rOuHDo

[Herman]

I do not need the Fraser Institute to prove what anybody who works for a living knows. This country is becoming a lot less rich under Justine. Mass immigration and a rapidly growing population only covers up declining living standards in Canada.



Then there is the loss of freedom. Justine has been berated by European parliamentarians for his authoritarian measures. He has taken away choices people and business can make about investment, jobs, and what we can drive.



I never thought one leader can cause wreak havoc like he has done. But, he did it and continues doing it.

[Shen Li]

I do not need the Fraser Institute to prove what anybody who works for a living knows. This country is becoming a lot less rich under Justine. Mass immigration and a rapidly growing population only covers up declining living standards in Canada.



Then there is the loss of freedom. Justine has been berated by European parliamentarians for his authoritarian measures. He has taken away choices people and business can make about investment, jobs, and what we can drive.



I never thought one leader can cause wreak havoc like he has done. But, he did it and continues doing it.

This is not the Canada we immigrated to in the 90's. I barely recognize this country which wants to turn into a poor dictatorship.

[Adolf Oliver Bush]

Right, well look at who he's doing it on behalf of and understand that no matter who you vote for, if they enjoy the same donor asshole class that Truedeaup does, shit is unlikely to change under their watch either.

[Shen Li]

Right, well look at who he's doing it on behalf of and understand that no matter who you vote for, if they enjoy the same donor asshole class that Truedeaup does, shit is unlikely to change under their watch either.

The path is clear and irresversible. A change of government can't change the direction we are headed.

[Melson Gibson]

Right, well look at who he's doing it on behalf of and understand that no matter who you vote for, if they enjoy the same donor asshole class that Truedeaup does, shit is unlikely to change under their watch either.

And herein lies the problem.  All of the big three parties here do exactly the same thing.  The only difference is their name.  They are just the faces of the puppet masters that actually pull the strings.



Hardly anyone voted for the one outlier party, so it's clear that Canadians are happy with the status quo, and will get what they fucking deserve.

[Adolf Oliver Bush]

I wouldn't go quite as far as to say it's irreversible Shen Li, only if you aren't up to rooting out all those on the take from Schwab and Soros does that become an inevitability.



Be advised, you will necessarily need to be on your guard against them in Singapore too.



Mel: I know it seems that way, check Schwab's "modest" boast about his pull in Canadian politics and it quickly becomes apparent that while his will holds sway in the PCs, Liberals and NDP, he has only managed to sign the direct support of around a third of the ministerial component. Identify who they are and ensure they lose their seats. Schwab will necessarily have to expend more resources to buy out more ministers. Getting more independents into Wellington Street will also be tantamount to throwing a spanner in his works. Canadians need to catch a clue on this; a fractured government will move more slowly and consequently be easier to thwart or at the least get out in front of.



It's not just Canada either - this is a push being done on a global scale. No, it is not an easy task and the results are far from certain. But you can make it difficult for them, you can cost their coffers dearly and expose their activities to a wider audience and win more warm bodies to the cause.



Sunlight is the best disinfectant. Remember that.

[Melson Gibson]

It's not reversible at this point.  Immigrants will never vote for the outlier, and neither will most Whites, because White people have no self-preservation instincts.  Many Whites love diversity not because they like Niggers, but because our DNA instructs us to help others out in need, which was a survival mechanism required in the cold of North Western Europe.  It was a group effort to survive those conditions.  Niggers in Africa faced a totally different environment...  They didn't have to worry about storing five months worth of wood to keep warm, so long term survival patterns isn't something ingrained into their DNA.  That's a big reason why Niggers simply seem to not give a fuck...  They never had to, and just lived day by day.



It is now up to us individually to preserve ourselves, and to not give a fuck about this sinking nation.  Canada hates me, as a straight White male.  I am somehow the enemy now.  And I will return the favour by stating exactly what I think about this sinking shithole, and doing the very least to improve it, which is still 100% more than most immigrants here will do, since they are just here to rape an almost dead corpse at this point now.



And this country has the fucking nerve to even sell plastic Poppies?  Stick those fucking poppies up your fucking ass.  I will NEVER pin that toxic garbage onto any shirt I own.



Every man for himself now, boys...  But at least we aren't speaking German.