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Happy tax freedom day!

As indicated by the Fraser Institute, June 5, 2010 marks tax freedom day! Canadians start working for themselves, not the government. So what does that mean?

According to the Fraser Institute, Tax Freedom Day is a representation of the amount of tax the average Canadian family must pay to all levels of government. If Canadians were required to pay all of their taxes up front, they would have to pay each and every dollar they earned to governments prior to Tax Freedom Day.

However, Canadians work an additional three days in 2010 to pay all taxes. Detailed information on what Canada’s tax freedom day means to all employees can be found on the Fraser Institute website.

They also provide a link to a very humorous music video on the topic, see it on YouTube.

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Yosie Saint-Cyr

Managing Editor at First Reference Inc.
Yosie Saint-Cyr, LL.B., is a trained lawyer called to the Quebec bar in 1988 and is still a member in good standing. She practiced business, employment and labour law until 1999. For over 15 years, Yosie has been the Managing Editor of the following publications, Human Resources Advisor, Human Resources PolicyPro, HRinfodesk and Accessibility Standards PolicyPro from First Reference. Yosie is one of Canada’s best known and most respected HR authors, with an extensive background in employment and labour across the country. Read more
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One thought on “Happy tax freedom day!
  • Samantha says:

    Thanks for posting this! I had no idea about tax freedom day. And it’s 3 days later this year than it was in 2009? No big surprise!

    The Youtube video is very entertaining 🙂