‘Canadians Taxed to Death’ 

Found this online called ‘Canadians Taxed to Death’ Thought it was worth sharing.

Canadians now pay more in taxes than they spend on housing, clothing, and food combined. From 1861 to 2023, the total tax bill for the average family skyrocketed by 2,705% To put that in perspective, housing costs, which have made Canada infamously unaffordable, only increased by 2006%. Food prices surged by 901% and clothing costs rose by 478%. 
Even the consumer price index, which tracks inflation, has been outpaced threefold by our taxes. As of 2023, the average Canadian family forks over 46,988.00 or 43% of their income on taxes surpassing what they spend on, food, shelter, and clothing, which amounts to $38,930.00. Now we hear stats every day, but this one really highlights how dreadful things have become in Canada. 
We are taxed on the money we earn, the money we spend, the money we save, the money we invest, and even the money we inherit. The absurdity continues when you consider the costs just to get to work. Your taxed to register your car, taxed to drive on roads, your taxes have already been paid to build and taxed even further to put gas in your car, and for some we can add tolls for bridges, highways and tunnels already built with billions of taxpayer dollars yet still falling apart.

When you finally get to work, your office is taxed, your company is taxed and you’re taxed again through payroll taxes, which your employer must also match. These include employment insurance, which 90% of us will never need, and the Canada Pension Plan, which is best described as a multigenerational Ponzi scheme. In fact, I find the CPP to be particularly frustrating and here’s why. The Fraser Institute found that the average Canadian will shell out $150,178.00 into the CCP over their lifetime, which you only get back in full if live to be 82 years old. Now, if these contributions were invested wisely, say into an index fund with an average annual return of 8%, that same investment would grow to a million dollars by the time you retired. In other words, we could all retire with a seven-figure bank account. Instead, the government is stealing the lion’s share of your retirement savings and calling it a pension plan.

Anyhow, after your day of work is done and you finally get home, you’re taxed again every year just for the privilege of owning your own home. This home, mind you, was bought with money that was already taxed, and if you’re ambitious enough to build your own home, roughly 30% of the budget goes to soft costs, say euphemism for more government taxes to add insult to injury. The Liberal Government is now considering a tax on the capital gains from the sale of your primary residence, meaning you would be taxed when you buy, build and sell your home. Now, if you buy nice things, you pay a luxury tax, if you like to have fun you pay a sin tax and because our government ran out of ideas, you now also pay a Carbon Tax so that our government can squander your hard earned money while doing absolutely nothing to improve the climate.

When all is said and done, the average Canadian works approximately half the year to reach their tax Freedom Day. This is when you’ve earned enough money to pay the government so you can start earning for yourself. It’s as if Liberal Government is always one tax away from solving all our problems. 
Now, I’m not sure how you might qualify this, but to me, it feels an awful lot like a modern version of indentured servitude. So, why does the government need all this money? Well, this crushing tax burden isn’t the result of bad luck. 
It’s the result of utterly incompetent leadership and reckless government spending.

Since Trudeau took office in 2015, federal spending has nearly doubled to over $500 billion a year and when the government overspends, they have three options, raise your taxes, borrowing more money, which means higher taxes later or print money. Printing money increases the supply of capital in the market without increasing production, leading to inflation, and what inflation, it’s a hidden tax on the average Canadian because your paycheck now is less purchasing power, Meanwhile, the rich get richer because their assets, the ones we are buying, are now worth more. To put this into perspective, our government has created roughly seven hundred billion dollars in cash over the last three years. 
We used to have 1.8 trillion in circulation. Now it’s up to about 2.5 trillion. This is a cash increase of nearly 40%, while our economy only grew by 4%. 
So, the money supply is growing ten times faster than the stuff money buys.

Now, one would think that all this money would at least improve our quality of life, right? Unfortunately, many of us know that’s not the case. 
Despite combined government spending of over 350 billion dollars a year on healthcare, Canada is at the back of the bus finishing 10th out of 10 wealthy nations in primary care. Our education system is poisoning the minds of our children while we spend billions of dollars on foreign aid. Our old age benefits and CPP payments are barely enough to keep retirees above the poverty line, although that beats being a veteran in Canada, many of whom are left homeless or just casually offered medically assisted death rather than proper treatment. 
Despite tens of billions going to indigenous communities every year, many still don’t have clean drinking water.

And as of the most recent data, the Canadian government collectively spends $150 billion a year on public service salaries, benefits and pensions, a number that has grown by $40 billion under Trudeau. All these new public service workers, all this new spending yet things are still getting worse crime is up poverty is up, bankruptcies are up and the cost of living for a family of four outpaces their average take home income if you include managing debt. 
And then of course, there’s the national debt which we spend $45 billion a year just to service, a number that should be zero if our government hadn’t spent literally trillions more than they’ve already taxed us. So, I will leave you this quote from Frederick Nietzsche to summarize how I feel. Everything the state says is a lie and everything it has, it is stolen.