Taxes edge out housing and food as the real cost of living most Canadians never add up. Franco Terrazano of the Canadian Taxpayers Federation breaks down just how much of a family’s paycheque disappears before it ever hits the bank account, and why that share keeps climbing decade after decade.
Terrazano tracks the tax bill’s growth since 1961 against everyday prices, then places Canada on the global scoreboard against its closest economic competitors, a ranking that lands closer to the basement than most would guess.
From there, the conversation turns to where the money goes once it’s collected: billions in annual corporate subsidies, a payroll tax burden small businesses carry more of than their workers, and a wealth tax debate Terrazano calls a political Trojan horse.
Topics: cost of living, taxes in Canada, tax competitiveness, corporate subsidies, wealth tax
GUEST: Franco Terrazano | http://taxpayer.com
Originally aired on2026-09-15
