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Author Topic: Taxes now 20.6% of average family budget: StatsCan  (Read 1816 times)

Offline CareDC

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Taxes now 20.6% of average family budget: StatsCan
« on: December 23, 2008, 11:29:49 AM »
Canadian families pay more in personal taxes than they do on either shelter or food, and spend more on their pets than they do on child care, according to Statistics Canada's latest annual report on household expenditures.

In total, households spent an average of $69,950 in 2007, up 3.3% from 2006, Statistics Canada said yesterday in its report on family expenditures, noting that the increase was also more than a full percentage point above the 2.2% increase in the cost of living last year.

Among major expenditures, however, it was personal taxes that posted the steepest increase, rising to an average of $14,450. As a result, taxes ate up 20.6% of the average family budget, up from 20.1% in 2006, and reversing a generally downward trend from a record high of 21.9% in 1996.

The report, however, showed that pet expenses rose by nearly 10% to an average $432 per household, exceeding the average $330 in child-care expenses per household, which was up by just $1 or 0.3%.

Average pet expenses have exceeded child-care expenses for some time, noted Mr. Snider, explaining that re-flects the fact that a greater proportion of households have pet expenses than have child care expenses, boosting the overall average.
« Last Edit: December 23, 2008, 11:31:20 AM by gdcAdmin »


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