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

Second Narrows Bridge collapse survivor remembers tragic day

Kelowna’s Norm Atkinson remembers what it was like to survive B.C. ‘s worst industrial accident

Armstrong arson suspect elects for trial by judge alone

Colette M Leneveu will appear in Vernon Law Courts July 4 for an application

Big summer plans for Big White

A new season has dawned at Big White

Paving the way for pickleball in Vernon

Construction has begun for the pickleball courts but still needs donations.

Vernon society raises funds through living flag

The North Okanagan Community Life Society hosts Vernon’s first living flag July 1 at Graham Park

B.C. BMX kid wows GoPro with homemade video

Eight-year-old Rex Johnson wins award for inventive video

UPDATED: One person killed in fiery crash near Barriere

Thursday evening crash involved three large semi-trailers and a passenger vehicle

Lightning strikes start fires in Salmon Arm area

Fires seen on Mt. Ida and in Salmon Valley last night, appeared to be relatively small.

Lions need to focus on football after disruptive fan incident: coach

Wally Buono says his players need to focus on football after defensive back Marcell Young hit a fan

Liberals set hiring, procurement rules for federally-funded projects

Indigenous Peoples, recent immigrants, veterans, young people, people with disabilities and women to be hired

Get your hot dog water, only $40 in Vancouver

‘Hot Dog Water’ seller in Vancouver gets laughs, sales with savvy marketing

Privacy questions linger two years after Canada-U.S. terror list deal struck

Two years after Canadian and U.S. security agencies signed an updated agreement officials consider privacy risk

Manitoba MP was allegedly abusive at Red Cross shelter

Canadian Red Cross has filed a complaint that Liberal backbencher MaryAnn Mihychuk ignored protocol

Fireworks and fires over a half-metre banned Friday in Kamloops centre

B.C. Wildfire Service banning to category 2 and 3 fires in Kamloops Fire Centre at noon Friday

Most Read