Life in Canada, B.C. will get more expensive in 2023 thanks to tax hikes
Next year, everything will feel more expensive as tax hikes will take a bigger chunk out of your paycheque.
The rise in payroll taxes in 2023 means that most families across Canada will effectively be taking home less money than they did in 2022. Your average middle-class worker will pay an eye-watering $4,756 in payroll taxes alone in 2023. Millions of taxpayers can expect an additional $300 to be taken off their paycheques next year thanks to Prime Minister Justin Trudeau’s payroll tax hikes.
The Trudeau government will increase liquor taxes by 6.3 per cent on April 1, 2023, sending sky-high alcohol prices even higher. The feds are hiking these taxes even though taxes already account for half of the price of beer, 65 per cent of the cost of wine and more than three quarters of the price of spirits.
British Columbians and families across the country cannot afford higher taxes in 2023 and yet that’s exactly what’s in store.
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