Once again this year, the Canadian Fraser Institute has dutifully calculated “Tax Freedom Day”: “The Fraser Institute annually calculates Tax Freedom Day in order to provide a comprehensive and easily understood indicator of the overall tax burden faced by the average Canadian family.

According to the latest edition of the “Money Minute”, the Royal Bank of Canada has discovered that 75% of Canadians struggle with consumer debt and that, on average, they owe 16,000 dollars per head (not including mortgage debt)