Average Family Spends 43 Percent of Income on Taxes, More Than on Necessities: Report

A sign outside the Canada Revenue Agency is seen in Ottawa, on May 10, 2021. The Canadian Press/Adrian Wyld

The average Canadian family continues to spend more of its income on taxes than on basic necessities, according to a newly released report.

The Fraser Institute released its latest Consumer Tax Index on July 30. The index has been tracking Canada’s tax burden since 1961.