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

Convicted animal abuser to return to B.C. court May 21

Catherine Jessica Adams is facing a breach of probation charge

Concerns over democracy as Senate committee votes to nix oil tanker ban

Critics of the Senate’s recommendation to kill Bill C-48 say it goes against popular will

Northwest Fire Centre open burn ban lifted

Recent rain, cooler temperatures have lowered the region’s fire risk

Telkwa pot plant application passes review

Cannabis company claims new Health Canada regulations are working in its favour

Red cedars dying in northwestern B.C. from drought

There was a 75 per cent decline in precipitation for the months of February and April

UPDATE: B.C. pilot killed in Honduras plane crash

The crash happened in the Roatan Islands area, according to officials

Raptors beat Bucks 118-112 in 2OT thriller

Leonard has 36 points as Toronto cuts Milwaukee’s series lead to 2-1

‘Teams that win are tight’: B.C. Lions search for chemistry at training camp

The Lions added more than 50 new faces over the off-season, from coaching staff to key players

Rescue crews suspend search for Okanagan kayaker missing for three days

71-year-old Zygmunt Janiewicz was reported missing Friday

B.C. VIEWS: Reality of our plastic recycling routine exposed

Turns out dear old China wasn’t doing such a great job

Carbon dioxide at highest levels for over 2.5 million years, expert warns of 100 years of disruption

CO2 levels rising rapidly, now higher than at any point in humanity’s history

B.C. residential school survivor’s indomitable human spirit centre of school play

Terrace theatre company plans to revive Nisga’a leader Larry Guno’s Bunk #7 next year

B.C. ferry stops to let black bear swim past near Nanaimo

Queen of Oak Bay brakes for wildlife in Nanaimo’s Departure Bay

Mother dead, child in critical condition after carbon monoxide poisoning at Shuswap campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Most Read