Among residents who donated, the average annual contribution equalled only 0.45 per cent of their household income.
Government Spending & Taxes
The province expects a $15.5 billion budget deficit next year.
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
The share of the population over 65 is projected to grow from about 18 per cent to nearly 26 per cent.
The Trudeau government sees the government itself as the driver of prosperity, and the private sector, including entrepreneurs, small business owners and investors playing a secondary role.
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.
The fundamental idea is for government to ensure a minimum annual income for all Canadians.
The federal budget deficit in 2020-21 is an esitmated $343.2 billion.
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