Juno News - July 29, 2025


The average Canadian family pays 42% of its income in taxes


Episode Stats

Length

2 minutes

Words per Minute

182.27759

Word Count

517

Sentence Count

25


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 What's the bite this year? How much of our income is being sucked up in taxes?
00:00:05.600 Oh, it's more than 42%. It's absolutely disgusting that the average family is paying almost half of
00:00:13.140 their income to the tax man, all levels of government. Okay. So think about it this way,
00:00:17.680 folks, right? Like take half your paycheck, rip it in half because that half is the tax man.
00:00:23.220 And like, look, like the biggest cost for your family, it's not food, it's not clothing,
00:00:28.200 it's not housing, it's taxes, right? So taxes are taken away about 42% of the average family's
00:00:34.940 budget. Meanwhile, an average family is spending 30, what, 36% of their income on food, housing,
00:00:41.600 and clothing. So think about it one more way. You're paying more of your money in taxes,
00:00:46.840 or the government is taking more of your money in taxes than what you're spending on food,
00:00:52.180 housing and clothing combined combined so canadians are being taxed to death right you have
00:00:59.340 federal income taxes provincial income taxes federal sales taxes provincial sales taxes
00:01:04.380 federal gas taxes provincial gas taxes carbon taxes payroll taxes federal business taxes
00:01:10.140 provincial business taxes capital gains taxes and if all that drives you to drink well too bad
00:01:15.600 because you're paying alcohol taxes to both levels of government as well and a whole bunch of crazy
00:01:20.220 hidden fees all amongst that, which is what the Fraser Institute calculates. And they do a great
00:01:24.840 job. Sean, pull that graphic back up because that is just astonishing. Here we go. Average Canadian
00:01:30.520 family pays 42% of its income to taxes, more than the necessities of life. And you see there on the
00:01:37.720 green side there, 11% food, 2% clothing, 22% housing. What blows my mind, and we've been
00:01:44.800 looking at this calculation for a few years now, is that despite the insanely high cost of housing
00:01:50.940 for many people, that the average is still falling onto the side of taxes, being more.
00:01:57.960 And these same politicians are the ones who haven't gotten the message that, hey, taxpayers
00:02:03.200 are tapped out. Like, I can't remember the last time that I saw a major urban mayor, for example,
00:02:09.320 in Calgary or Edmonton or something here in Alberta saying, you know what, I don't want these pay
00:02:13.640 raises, I'm going to cut my own pay in half, or I think that it should be, you know, small business
00:02:19.020 owners and retired teachers and police officers who are doing a stipend in order to come here to
00:02:24.000 city council. No, no. They just keep on adding more and more layers of government. They're fattening
00:02:29.620 their comm staff layer so they don't have to actually ask, answer questions to the media
00:02:33.520 and to citizens. And they're jacking up their own pay. That's just at the city level. And by the way,
00:02:39.080 they're trying to save the world. I will point that out. They're getting up in everybody's
00:02:42.380 business instead of fixing potholes and keeping the streets clean and safe.
00:02:46.320 They're deciding, you know, who can't hold a concert, for example, in their city.