The annual tax season in Canada brings personal finances, budgets, and expenses to the forefront of everyone's mind. As individuals gather their T4s and calculate their deductions, underlying financial concerns often become much more pronounced. Current global market research from Ipsos captures this contemplative mood perfectly, illustrating how deeply economic themes are weighing on the Canadian public.
But what do the numbers say? Let’s take a look at the facts:
Key Insights: The Canadian Financial Landscape at a Glance
- Inflation is the #1 concern: A significant 46% of Canadians cite rising prices as their top worry, far outpacing the global average.
- Tax worries remain steady: Just over a fifth of Canadians (21%) are currently worried about taxes.
- Global economic pressures: Canada sits alongside nations like India and Türkiye in feeling high levels of inflation-related stress.
The Canadian Economic Climate: Taxes and Inflation
While navigating tax season feels like a uniquely local pressure, it brings specific financial concerns into sharp focus. Currently, Canadian concern over taxes sits at 21%. However, when it comes to the day-to-day cost of living, a striking 46% of Canadians say they are worried about inflation. This makes rising prices the absolute number one concern for the nation right now, highlighting the real financial pressures members of the public are facing outside of tax season alone.
A Global Perspective: How Canada Compares
Looking at the broader global picture provides valuable context to these local pressures. It turns out that financial strain is a shared global theme, though the intensity varies greatly.
Globally, 30% of people mention inflation as a top worry. Canada’s inflation concern (46%) is significantly higher than this global average, tying with India and Türkiye (both 46%), but remaining lower than Singapore, where a staggering 59% cite it as their top concern.
When it comes to taxes, the global average sits at 19%. Canada’s 21% puts the nation slightly above average, sharing the exact same level of concern as the US (20%), India, and Great Britain, while US only sits one percent lower at 20 %. Citizens in several other countries are feeling an even tighter squeeze regarding taxation: in France, concern has risen to 28%, in Indonesia, it recently hit a record high of 35%, and in Belgium, taxes are actually the number one concern at 34%.
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Source: Ipsos Study, representative sample of 25,775 adults aged 16-74 in 30 participating countries, August 22nd 2025 - September 5th 2025.
