Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
June 30th, 2005

Tax Freedom Day?

So this article talks about June 26th being tax freedom day for we Canadians. It’s hard to explain to folks who haven’t lived in a land with such a heavy tax load what that means. Half of the money I make goes to various levels of governments as Taxes. I realize that it is the price I pay to live in a great country like Canada (and a wonderful city like Ottawa), don’t get me wrong here, I love where I live, I just wish I didn’t have to pay quite so much for it.

My brother who lives in Texas (pronounced Tax-less) brags of how little folks pay in taxes in Texas and they STILL complain they are paying too much, WTF? How can you even compare?

Well, given tomorrow is Canada Day, folks, enjoy your tax freedom, now you are making money for your CREDITORS –C8j

More on this topic (What's this?) Read more on Verifone Holdings at Wikinvest

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4 Responses to “Tax Freedom Day?”

  1. Did you compare the tax rates in india? how do you rate vis-s vis Canada?

  2. Canadian Capitalist Says:
    June 30th, 2005 at 9:36 am

    Big Cajun:

    I made a post about it available here:
    http://canadiancapitalist.blogspot.com/2005/06/tax-freedom-day.html

    There is lots of controversy about the Fraser Institute numbers and methodology. I did my own calculations and found that Tax Freedom Day for me was sometime in April. I just think the Fraser Institute numbers are way off base. And I am no left-wing, big government, more taxes nut either :)

  3. Canadian Capitalist Says:
    June 30th, 2005 at 9:38 am

    Sorry for the messed up link: Try this

  4. Big Cajun Man Says:
    June 30th, 2005 at 10:07 am

    I think the Fraser Institute is a little off as well, but it still is astounding the amount of money I earn to support a government, oh well, the price I pay to live in Canada

    –C8j

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