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.