100: Taxed to Death? Let's Do the Math

In this episode of Money Feels, we break down the thing that makes most people's eyes glaze over: Canadian taxes. And actually make it make sense. Not just the numbers, but the feelings. The confusion, the resentment, the sneaking suspicion that you're being robbed. We're going there.

Alyssa and Bridget walk through every layer of the Canadian tax system, from federal income tax all the way down to the municipal mill rate, and tackle two of the most misunderstood — and politically charged — conversations happening in Canada right now: the myth that Canadians pay over 50% in taxes, and what Alberta separation would actually mean for your wallet.

This one is equal parts financial education and myth-busting. Because you deserve accurate information, not social media math.

In today's episode, we discuss:

• What a progressive tax system actually means 
• The four layers of Canadian taxation: federal, provincial, municipal, and GST/HST 
• Why CPP and EI deductions aren't money disappearing
• How Alberta compares to other provinces
• The truth behind the "Canadians pay over 50% in taxes" claim
• Why GST hits lower-income earners harder
• What Alberta separation would actually mean
• The credits and deductions most people leave on the table without realizing it
• How to look at your own pay stub and actually understand where every dollar is going

Thanks for listening to another episode! If you want bonus episodes and more, you can join our Patreon! Until then, follow us on Instagram @mixedupmoney, @bridgiecasey and @moneyfeelspodcast, and we’ll see you next time!