Canadians Pay More in Taxes Than Essentials | Toronto News

Canadians are now paying more in taxes than on housing, food, and clothes combined — a shocking reversal from 1961 when families spent half their income on essentials and just a third on taxes. New research reveals that tax burdens have skyrocketed nearly 3,000% since then, while incomes rose only about 2,300%, and with government debt factored in, the total tax bill has climbed even higher. Though today’s services like universal healthcare weren’t available back then, the core message is clear: taxes now consume more of our wallets than ever before — and it’s time to ask where all that money is going. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7171236b2bb8c02f