Ontario’s budget deficit will likely be the largest in provincial history.
ontario government spending
Ontario’s budget deficit may eclipse $21 billion this year.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
The government’s debts exceed its financial assets by approximately $353.7 billion.
Ontario's top marginal personal income tax rate of 53.53 per cent is the second-highest in North America.
Government-sector workers enjoy a wage premium of 10.3 per cent over workers in the private sector.
The Canada Health Transfer will eclipse $40 billion this year.
Economic freedom benefits people throughout the income spectrum.
Ontario's net debt will reach a forecasted $390 billion within the next five years.