Insurance companies are the principal beneficiaries of Ontario’s new publicly-funded pharmacare program.
Government Spending & Taxes
The increased CPP tax alone translates into $1,624 more in taxes.
Canadian families in the top 20 per cent pay 55.9 per cent of all federal, provincial and municipal taxes.
An escalator that adjusts for inflation is merely maintaining the real purchasing power involved in the charge.
The $10.3 billion deficit the province plans to run this year is just shy of the provincial record of $10.8 billion set last year.
Prime Minister Trudeau is on track to increase per-person federal debt more than any other prime minister in Canadian history who didn’t face a world war or economic recession.
Current policies seem to largely ignore fact that tax changes affect behaviour.
If you tax something less, you’ll likely get more of it.
By 2047, the costs of OAS and GIS will increase by an estimated 47 per cent.