Fraser Institute study proves the average Canadian pays nearly five trillion dollars in taxes per year - 2019-08-05
VANCOUVER – The Fraser Institute has released its annual 'Tax Freedom Day' report, an estimate of the tax burden of the average Canadian which this year adds up to a whopping five trillion dollars per taxpayer.
"In 2018, the average Canadian family earned an income of $88,865 and paid total taxes equaling $4,988,921,656,429.12, approximately 5600000000% of their income," the study says. "Individuals in Canada are not only paying more taxes than individuals in any other country, they are each paying more taxes than the entire population of any other country."
Despite some questioning the methodology of the study, which not only includes the taxes paid by individual Canadians but also those paid by corporations, adds in the GDP of Liechtenstein, Paraguay, and Madagascar, then multiplies that by 67 before dividing the result by the number of angels who can dance on the head of a pin, most Canadian news services are satisfied enough with the conservative think-tank's conclusion to report it as fact.