We missed tax freedom day – for Nova Scotians that was June 12. For Canadians in general it was yesterday, June 14th.
Although Tax Freedom Day falls four days earlier than it did in 2007, it does not lessen the importance of lowering taxes. Canadian taxpayers are still working five and a half months to pay the taxes collected by all three levels of government, chewing up 45 per cent of average family income,” stated CTF federal director John Williamson. “Pleasantly, Finance Minister Jim Flaherty has stated taxes in Canada are still too high. Yet, voters know talk is cheap in Ottawa. At the top of the Conservative agenda should be a broad-based income tax cut because Canada has the highest personal income tax burden of any G-7 nation. We pay more income tax than even the French and Italians do.