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

VIDEO: Bowen Byram named top prospect

Giants defenceman recognized as premier NHL draft pick

Langley golfer James Allenby takes Canada Life Open lead

Shot career-low round at Point Grey Golf & Country Club

Langley Thunder kick off 2019 season with high hopes

Home opener set for Wednesday, May 29 against the Burnaby Lakers.

Langley Home Expo shows off home and yard improvements

The annual event is being held in Brookswood at the George Preston Rec Centre

Winner announced in Langley Total Makeover Contest

Cheri McBride thanked friends and family for supporting her

Police release photos of suspect in daytime sex assault at Vancouver woman’s home

A young woman, in hers 20s, was followed home by the man, before he violently attacked her inside

Raptors beat Bucks 100-94 to advance to franchise’s first-ever NBA Finals

Leonard has 27 points, 17 boards to lead Toronto past Milwaukee

Third person charged in death of B.C. teen Bhavkiran Dhesi

Inderdeep Kaur Deo facing charge of accessory after the fact to murder

Kamloops girl, 9, recovering from carbon monoxide poisoning now out of ICU

Her mother who was sleeping in the same tent with her did not survive

UPDATE: Surrey RCMP say boy, 11, missing for two days found safe

Dominic Mattie was last seen at 5 p.m. in the 13500-block of Gateway Drive in Surrey

‘I think he’s still alive’: B.C. mom pleads for help finding son last seen a month ago

Family offering $5,000 reward for information leading to the safe return of Tim Delahaye

New poll suggests one-third don’t want politicians to wear religious symbols

Local politicians shouldn’t be allowed to wear hijabs, crucifixes or turbans on the job, survey suggests

Raptors fans far from home adjust plans to watch pivotal playoff game

Raptors currently lead the playoff series 3-2, and a win Saturday would vault them into NBA finals

Most Read