Tax Freedom Day in Canada falls on Sunday this year, according to calculations by the Fraser Institute.
The annual study by the conservative public policy organziation says Canadians, on average, will have paid the total tax bill imposed on them by all levels of government for the year by Saturday.
The tax rate, or total taxes as a percentage of cash income, that the average Canadian family faces is unchanged from last year.
The calculations include income taxes, property taxes and sales taxes, as well as profit taxes, health, social security and employment taxes, import duties, licence fees, alcohol and tobacco taxes, natural resource fees, fuel taxes and hospital taxes.
The institute says Tax Freedom Day has steadily advanced since 2001. It fell on June 19 in 2001, June 23 in 2002, June 24 in 2003, and June 25 in 2004.
Niels Veldhuis, senior research economist at the think tank notes that Tax Freedom Day is not intended to measure the benefits Canadians receive from governments in return for their taxes. Rather, it looks at the price they pay for government.
“It’s up to individual Canadians to decide how much value they receive in return for their tax dollars,” he said in a release.
The institute says the average Canadian family experienced a $1,194 increase in their total tax bill between 2004 and 2005.
Nearly half of the rise was due to increases in personal income taxes.
Tax Freedom Day for each province varies.
This year, the earliest day fell on June 13 in Alberta, while the latest date will be July 7 for Quebec.