Friday, 14 August 2026 Newsarchy UK live index
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household income

Canadian families spend 42% of income on taxes, outpacing basic needs

Canadian families spend 42% of income on taxes, outpacing basic needs

The average Canadian household now allocates 41.9 per cent of its cash income to taxes, surpassing the 36 per cent spent on food, shelter, and clothing combined.

Business ·14 Aug 2026, 03:35 ·Maeve Turner 3 min read