Tired of paying Taxes? You are not alone.
10 Jul
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If you have ever lived in Canada or do live in Canada, it probably won’t come as a surprise to you to find out that we are paying A LOT of taxes. I still have yet to find someone who visited our fine country and has not complained about our impressive variety of taxes and proceeded to brag about the superiority of their homeland in a condescending tone while twirling their mustache.
Don’t believe me? Do any of these look familiar?
Income Tax, Canada Pension Tax, Employment Insurance Tax, Health Tax, Harmonized Sales Tax (the one that’s been causing this entire ruckus lately), Gasoline Tax, Liquor Tax, Tobacco Tax, Excise Tax, Environmental Tax, Sewer Tax, Electrical Delivery Tax, Debt Retirement Tax, Union Gas Delivery/Transportation Tax, Cell Phone Tax, TV Tax, Property Tax, WSIB Tax, WHIMIS Tax, Manufacturing Tax, Corporate Tax, Capital Gains Tax, Estate Tax, Driver Tax, Passport Tax, User Fees, Permits, Professional Licensing and Trade Licensing.
Are you still with me? Good.
What would you do with an extra 40,000 dollars a year?
According to the Statistics Canada, the average Canadian family paid $37,700 (42.6% of income) in taxes in 2009. That’s $37,700 that you can’t use to feed your family (or buy expensive sports cars, for those swinging bachelors out there). That also means that for five months out of the year you work in order to pay the government taxes.
Let’s assume that you enter the workforce at age 23 and retire at age 65 like the vast majority of us – that’s 42 years of work. And let’s assume that on average, approximately 40% of your income will go towards paying taxes (a bit less than the 42.6% quoted earlier) – that means that you have spent just under 17 years working for FREE. For 17 years of your life you dragged yourself out of bed in the wee hours of the morning after hitting the Snooze button four times, spent half an hour sighing and yawning in front of the closet while thinking what to wear, dropping the kids off at daycare, sitting in traffic on the way to work, dealing with the onslaught of mind-numbing minutiae at work and sitting in traffic on the way home from work, all to repeat the process the next day – all for nothing.
Oh and over that same time period, you and your family also miss out on an average of $1.6 million. Can you imagine what kind of house you could buy with $1.6 million?
Thank you income taxes.
Sure all that money pays to cover that annoying pot hole you drive over every morning and curse into the sky as you nearly spill steaming hot coffee over your lap or to build fake lakes for G20 conventions in Toronto in order to educate the masses about our wonderful cultural history. Yes, these things are crucially important for the functioning of our wonderful nation, but how much nicer would all that money look in your bank account? Would you be able to live with running over a pot hole every now and then in exchange for not having to work from January to May for free? I know I would.
So, if there was a solution to significantly reduce the amount of income taxes you pay each year, would you be willing to sit down with someone to find out how?
If you have answered yes to either of the above questions then you are in luck! Yes, there is a way to pay less income tax – click here to learn more.
Fantastic article – the taxes we pay in this country are ridiculous. When I read the article that you link to at the end of this one I felt angry after realizing how much money I wasted over the years paying income taxes when I didnt have to. Hopefully, your solution is as effective as it sounds. You, sir, have been contacted
And your email, sir, has been replied to and a meeting has been set up! Think of the bright side – at least you don’t have to pay any MORE income tax!
Having the privilege to travel down to the States and Europe, only then did I realize how much Canadians are paying on taxes!!! I never realize that a person works for 17 years of their life for free…makes me so mad!
I couldn’t agree more. That’ why this website/consulting company was started – to free the people!
Thank you for your message, I will call back first thing in the morning.