If the government wanted to pay for new programs, it could’ve reduced spending in other areas.
tax hikes
The Ontario government expects a net debt increase of more than $24 billion this year alone.
Investors may delay selling capital assets because they anticipate a change in government and a reversal back to the previous inclusion rate.
Salaries for municipal government staff in Toronto were an estimated 11.2 per cent higher than private-sector rates.
The federal government raised the top income tax rate from 29 per cent to 33 per cent.
The bottom 20 per cent of income-earning families pay 0.7 per cent of all federal and provincial personal income taxes.
The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.
Only 32 per cent of Americans define socialism as government taking control of companies and industries.
The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.