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Click to play video: 'Canadian families spend 42.3 per cent of their income on taxes, study finds'

6:04 Canadian families spend 42.3 per cent of their income on taxes, study finds

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Canadian families spend 42.3 per cent of their income on taxes, study finds

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Canadian families spend 42.3 per cent of their income on taxes, study finds

July 24, 2025

The amount Canadians pay in taxes has risen rapidly over the past 60 years, outpacing any other single expenditure for the average Canadian family. According to a new report by the public policy think tank Fraser Institute, families now spend 42.3 per cent of their income on taxes. Personal finance expert Rubina Ahmed-Haq joins Miranda Anthistle for this week鈥檚 edition of 鈥淵our Money.鈥�

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