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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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.

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