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Taxes Now Outweigh Basic Needs | Edmonton News
Description
Canadian households are now spending more on taxes than on food, shelter, and clothing combined—41.9% of income versus 36%. This marks a dramatic shift from 1961, when taxes took up just 33.5% while essentials consumed over half of income. Taxes have surged faster than any other expense, even outpacing inflation, with the average tax bill more than doubling since then. Income and payroll taxes dominate this burden, making taxes the largest single household expense—and officials urge awareness of this growing financial strain.
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