Ottawa raised personal income tax rates on Canadian workers.
Government Spending & Taxes
April 16, 2020
10:16AM
The Ford government projected a deficit of $20.5 billion for 2020-21.
April 16, 2020
5:30AM
The lack of innovation in the government sector is rooted in the differences between the incentives and disciplines imposed by customers on the government and private sectors.
April 15, 2020
5:30AM
The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.
April 14, 2020
5:30AM
Prices are almost completely nonexistent for government-provided goods and services.
April 9, 2020
1:06PM
Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21.
April 9, 2020
11:48AM
The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.
April 8, 2020
5:30AM
Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.
April 3, 2020
12:31PM
The auditor general noted there were 3.8 million more social insurance numbers for Canadians 20 years and older than actual people in that age group.
April 3, 2020
10:12AM
Governments can find themselves at a new baseline spending level far in excess of revenues.
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