Taxes are divided in many categories and vary from province to province. (Fraser Institute)

Tax bill paid for the year, you’re working for yourself

B.C. in the middle of the Canadian pack for Tax Freedom Day

After five months of paying for various levels of government service, Canadians are on average working for themselves this week.

Tax Freedom Day 2018 arrived Sunday, June 10, based on the Fraser Institute’s annual calculation of total tax paid to all levels of government across the country. By that calculation, the average Canadian family pays 43.6 per cent of its annual income in payroll, income, health, sales, property, fuel, carbon, liquor, tobacco and other taxes, equivalent to more than five months of the year if all the taxes were paid up front.

“Tax Freedom Day helps put the total tax burden into perspective, and helps Canadians understand just how much of their money they pay in taxes every year,” said Charles Lammam, director of fiscal studies at the Fraser Institute.

B.C. is currently in the middle of the taxation pack for provinces, due to its mix of provincial sales and income taxes. B.C.’s Tax Freedom Day was June 5 this year, fifth behind Alberta (May 22), Saskatchewan (June 1), Prince Edward Island (June 2) and Manitoba (June 3).

Next is Ontario (June 9), New Brunswick (June 10), Nova Scotia (June 15), Quebec (June 26) and the highest taxes province, Newfoundland and Labrador (June 26).

The dates are based on averages, and the Fraser Institute has an online calculator for people to enter their own province and family income to determine their personal Tax Freedom Day.

RELATED: Payroll tax replaces medical premiums

B.C.’s new NDP government inherited a large surplus when it took office last summer, allowing it to proceed with planned reductions in small business tax and hold the line on income taxes, except for adding a new top bracket for high income earners.

B.C.’s main shift was an increase in carbon tax on fuels that took effect April 1, with a policy change that carbon tax increases would no longer be offset by reductions in personal income tax rates.

Just Posted

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

Kootenkoff: “Legalization” Delayed – What Took them So Long?

—By Susan Kootnekoff Was the impact on road safety just an inconvenient… Continue reading

B.C.’s proportional representation referendum: The case against switching to PR

Opponent says there’s more accountability with ‘first-past-the-post’

Kelowna teen to speak to agriculture minister for World Food Day

Justin Kulik will present his petition to the Ministry of Agriculture on World Food Day

B.C.’s proportional representation referendum: The case for switching to PR

Proponent says PR will give B.C. better political representation

Competitors get crafty for Okanagan Mixoff

Okanagan Spirits Craft Distillery Mixoff is Nov. 8 in Kelowna

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

Resolution found in Vernon car-surfing death case: defence

Byron James Walterhouse will appear to fix a date for disposition Oct. 18

NHL players say Canada’s legalization of marijuana won’t impact them

NHL players say the legalization of marijuana in Canada won’t change how they go about their business.

Automated cars could kill wide range of jobs, federal documents say

Internal government documents show that more than one million jobs could be lost to automated vehicles, with ripple effects far beyond the likeliest professions.

Vernon pair arrested in connection with 2017 homicide

Incident happened July 19 at Vernon apartment; man, woman arrested without incident

Early morning fire destroys Shuswap home

Owners of Tappen house away as structure undergoing renovations

Private marijuana stores should shut down, Mike Farnworth says

B.C. has approved 62 licences, but they still need local approval

HPV vaccine does not lead to riskier sex among teen girls: UBC

Girls are less likely to have sex now than they were a decade ago

Most Read