Canadian Personal Finance Blog

Our friends over at the Fraser Institute helps you figure out when you stop working for the government, and start earning money for you (figuratively speaking of course, since you’ve either died or been evicted if you’ve only been giving your money to the government).

What will you do with this new Freedom?

Go, sons (and daughters) of Canada, and Calculate Your Tax Freedom Day!!!!!!! and what will you do with that Freedom? Maybe go and buy a copy of Braveheart? Or Borrow it from the Library?

This is good news to read, better news would be a drop in inflation, but given the incredible rises in oil prices this is about all we can hope for these days.

The upward pressure came largely from increases in the costs associated with owned accommodation, as well as higher gasoline prices. These were partially offset by a decline in the price of natural gas.

The 12-month change in the all-items Consumer Price Index (CPI) without energy components was 2.1% in May, compared with a 2.3% advance posted in April. This index posted increases above 2.0% for the past four months.

That’s about to be expected. The cost of operating a motor vehicle is going to be a big issue from now ’til we figure out how to do it cheaply again.

As can be seen it seems to be the inflation is worst in Alberta, but that wouldn’t just be gasoline prices, that would be accommodation expenses as well, given the prices we have seen for new houses in Calgary and Edmonton.

The huge difference between most of the provinces and Alberta does skew the data set as well, but that is for Statisticians and Economists to argue.