OPINION: Happy Tax Freedom Day — higher taxes loom on the horizon edmontonsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edmontonsun.com Daily Mail and Mail on Sunday newspapers.
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Have you ever wondered how much you actually pay in taxes each year? While tax returns help us understand how much income tax we pay, itâs difficult for most Canadians to calculate their total tax bill.
In Canada we pay many different taxes to the federal, provincial and local governments. Some of these taxes are visible but many are hidden, which adds to the confusion. Not only do we pay income taxes, we also pay property taxes, payroll taxes (such as the Canada Pension Plan), health taxes, sales taxes including the GST, taxes on gasoline, taxes on imported goods, âsinâ taxes and so on.