Today is the first day of the year our income is entirely our own.
That’s according to Fraser Institute’s annual calculation that June 9 is this year’s Tax Freedom Day.
Each year, the Vancouver-based think-tank adds up the total yearly tax burden for Canadian families by federal, provincial and municipal government.
The idea is that if taxes had to be paid up front, Tax Freedom Day marks the first day of the year families can start keeping their entire income, instead of being used to pay their taxes.
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