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

Thatsa国际传媒檚 according to Fraser Institutesa国际传媒檚 annual calculation that June 9 is this yearsa国际传媒檚 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. Thatsa国际传媒檚 43.4 per cent of their annual income going to income taxes, payroll taxes, health taxes, sales taxes and more.

sa国际传媒淚tsa国际传媒檚 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 thatsa国际传媒檚 why we do these calculationssa国际传媒攖o give Canadians a better understanding of exactly how much they pay to government,sa国际传媒� said Charles Lammam, director of fiscal studies at the institute.

ashley.wadhwani@bpdigital.ca
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