The one cost eating more of Canadian incomes than housing
Payroll and health taxes follow at $11,312 (22.3%), with profit taxes at $7,182 (14.2%) and sales taxes at $6,972 (13.7%).
Property taxes add a further $4,307, or 8.5% of the total bill, a figure mortgage brokers will note sits on top of, not within, any standard mortgage payment.
The report also models what the tax burden would look like if governments had balanced their budgets rather than running deficits.
When deferred taxation from government deficits is factored in, the Consumer Tax Index rises to 3,324, implying the true tax bill of the average Canadian family has increased by 3,234% since 1961.
In fiscal year 2025/26, the federal government and all ten provincial governments ran operating deficits, with cumulative shortfalls totalling an expected $107.3 billion, according to the Canada Department of Finance and RBC, 2026.
