A study conducted by Fraser Institute tracked the total tax bill of the average Canadian family from 1961 to 2015.
In 2015, they estimated the average family earned $80,593 in income and paid $34,154 in total taxes which made up of income taxes, payroll taxes, sales taxes, property taxes, etc.
42.4% of your income is going to TAXES!
As you can see from this chart, families are increasingly spending more on taxes than any of the other basic necessities of life.
We can all agree that taxes are necessary to help fund important government services. The question is ….42.4% necessary?
According to OECD’s study, “Taxing Wages 2018”, Canadians pay lower taxes then even their American counterparts.
Are you using these little known TAX ADVANTAGES?
If you are like most people, perhaps you struggle to get your head around the little known secrets on how to reduce your employment income taxes.
One of the least known and most advantageous for the average person is to operate a legitimate part-time home based business.
I created an online course to simplify the tracking process, maximize your tax refund, and make sure you are bullet-proof in your recording keeping. Giving you peace of mind about your finances.
This course is for you if you have a desire to reduce your income taxes regardless if you already have a home business or not. You can get this easy to implement, step-by-step course: Click Here