• First Reference
  • About us
  • Contact us
  • Blog Signup 📨

First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies
You are here: Home / Payroll / Fraser Institute announces tax freedom day dates across Canada

By Marie-Yosie Saint-Cyr, LL.B. Managing Editor | 2 Minutes Read June 12, 2012

Fraser Institute announces tax freedom day dates across Canada

Image: http://opinion.financialpost.com

According to the Fraser Institute’s annual calculations, Tax Freedom Day arrives one day later than in 2011, when it fell on June 10. Monday, June 11, 2012, is Tax Freedom Day, the day Canadians have finally earned enough money to pay all the taxes they owe to all levels of government for the year, and start working themselves.

 

 

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.

Tax Freedom Day varies from province to province, depending on the taxation levels of provincial and local governments. Alberta continues to enjoy the earliest Tax Freedom Day on May 22, followed by Prince Edward Island on June 2 and New Brunswick on June 6. Manitoba’s Tax Freedom Day falls on June 7 followed by British Columbia (June 8), Ontario (June 10), Saskatchewan and Nova Scotia (June 12), and Quebec on June 17. Newfoundland and Labrador has the latest Tax Freedom Day, June 21.

All but three provinces (Newfoundland and Labrador, BC, and Alberta) experience a later Tax Freedom Day in 2012 than in 2011. Quebec has the longest delay in Tax Freedom Day, with celebrations being postponed by four days this year.

Newfoundland and Labrador, Saskatchewan, Alberta and British Columbia have significant natural resources which provide the provinces with royalties; however, there is an ongoing debate over whether natural resource royalties should be considered a tax. If royalties are excluded from the Tax Freedom Day calculations, then Tax Freedom Day arrives 24 days earlier in Newfoundland and Labrador, 11 days earlier in Saskatchewan, nine days earlier in Alberta, three days earlier in British Columbia, and two days earlier nationwide.

Detailed information on what Canada’s tax freedom day means to all employees can be found on the Fraser Institute website.

Happy Tax Freedom Day to all!

Yosie Saint-Cyr
First Reference Human Resources and Compliance Managing Editor

  • About
  • Latest Posts
Follow me
Marie-Yosie Saint-Cyr, LL.B. Managing Editor
Managing Editor at First Reference Inc.
Marie-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 20 years, Yosie has been the Managing Editor at First Reference. She manages the PolicyPro Human Resources and Internal Controls editions, The Human Resources Advisor editions, PaySource and the HRinfodesk news service as well as the blogs. Marie-Yosie (a.k.a. Yosie) is a recognized and respected author, with an extensive background in human resources, employment and labour across the country.
Follow me
Latest posts by Marie-Yosie Saint-Cyr, LL.B. Managing Editor (see all)
  • First Reference annual holiday donation, season’s greetings, and holiday break - December 23, 2022
  • Top 10+ First Reference Talks blog posts for 2022 - December 23, 2022
  • EI sickness benefits extending on December 18 - November 29, 2022

Article by Marie-Yosie Saint-Cyr, LL.B. Managing Editor / Payroll / deduction at source, fraser institute, income tax, pay, Pay cheque, Payroll tax, Payroll taxes, Take home pay, tax freedom day, taxation levels, taxes

Share with a friend or colleague

Get the Latest Posts in your Inbox for Free!

Electronic monitoring

About Marie-Yosie Saint-Cyr, LL.B. Managing Editor

Marie-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 20 years, Yosie has been the Managing Editor at First Reference. She manages the PolicyPro Human Resources and Internal Controls editions, The Human Resources Advisor editions, PaySource and the HRinfodesk news service as well as the blogs. Marie-Yosie (a.k.a. Yosie) is a recognized and respected author, with an extensive background in human resources, employment and labour across the country.

Footer

About us

Established in 1995, First Reference is the leading publisher of up to date, practical and authoritative HR compliance and policy databases that are essential to ensure organizations meet their due diligence and duty of care requirements.

First Reference Talks

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies

Main Menu

  • About First Reference
  • Resources
  • Contact us
  • 1 800 750 8175

Stay Connected

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

We welcome your comments on our blog articles. However, we do not respond to specific legal questions in this space.
We do not provide any form of legal advice or legal opinion. Please consult a lawyer in your jurisdiction or try one of our products.


Copyright © 2009 - 2023 · First Reference Inc. · All Rights Reserved
Legal and Copyright Notices · Publisher's Disclaimer · Privacy Policy · Accessibility Policy