â–º Listen Live

Fraser Institute study finds more money going to taxes instead of food

A new report from the Fraser Institute shows that Canadians are spending more money on taxes than food, clothing and shelter. The institute’s scholar in residence on economic policy Charles Lamman says the study looked at all taxes the average household pays.

“We summed them all up and the total is $32,000 for the average family, going to some level of government going to tax,” says Lamman, “it works out to 42 percent of their average income.”

Lamman says that compares to the 36.1 percent of their income on food, shelter and clothing. He says these numbers are based on 52 years of data collected. He says the most damaging type of tax is income tax because it taxes activities that we want more of.

Something going on in the Bulkley Valley Lakes District you think people should know about?
Send us a news tip by emailing [email protected].

Continue Reading

cfbv Now playing play

Related Articles

Latest News

Measles cases reported in B.C. this year top 100

B.C.’s health officials have said 102 cases of measles have been reported across B.C. so far this year, with most of those in the Northern Health region.

Measles cases reported in B.C. this year top 100

B.C.’s health officials have said 102 cases of measles have been reported across B.C. so far this year, with most of those in the Northern Health region.

Website refresh surfaces more of your important local stories

Regular visitors to this website will have noticed some changes to the home page and other templates in recent days.

Disaster resilience funding coming to Hazelton and Lake Babine Nation

The province is sending funding for disaster resilience projects in Hazelton and the Lake Babine Nation.

Property sales rise and fall across the Bulkley Valley and Lakes District

The Bulkley Valley and Lakes District saw mixed results...