Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Canada approaches 'Tax Freedom Day'

|
|
 
  
Published: June 13, 2008 at 12:00 PM

VANCOUVER, British Columbia, June 13 (UPI) -- Canadians were a day away Friday from being "tax-free" for 2008, almost two months behind U.S. citizens, The Fraser Institute said.

The independent research organization based in Vancouver, British Columbia, said after Saturday, working Canadian citizens had fulfilled their various tax burdens for the year.

"Canadians spend almost half the year working to pay all the various taxes levied on them by federal, provincial and local governments," said Niels Veldhuis, the Fraser Institute's director of fiscal studies. "Every dollar they earn before June 14 would be required to pay the taxes owing to all levels of government."

The "Tax Freedom Day" falls four days earlier than in 2007, the institute said in a release.

The group computes the date to include income taxes, property taxes, sales taxes, profit taxes, health, social security and employment taxes, import duties, license fees, taxes on the consumption of alcohol and tobacco, natural resource fees, fuel taxes and hospital taxes.

The U.S. Tax Foundation calculated U.S. citizens paid off their 2008 tax burden on April 23.

Recommended Stories
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The Tibetan Moniam Festival in China Super Bowl XLVI ticker tape victory parade The making of the Oscars
The Chicago Auto Show The Most Desirable Women of 2012 Tu Bishvat Migron settlement
Additional Top News Stories
1 of 25
Meryl Streep and Colin Firth attend the "BAFTA" ceremony in London
View Caption
fark
Valentine's Day music to avoid: five music videos that suck the fun out of sex
Vladimir Putin ridiculed for telling his countrymen to stop being such limp d**ks and get it on...
Coke and Pepsi may be arming for another cola war. I remember the first cola war, son. I saw things...
McDonald's pushing farmers for a kinder McRib. Nope, you read that right
Nancy Grace screeches the appropriate question, "Who pushed Whitney Houston under water?"
Photoshop theme: Valentine's Day gifts, it's the thought that counts