Reports in advance of Ottawa’s federal fiscal update suggest the deficit may reach $34 billion.
Government Spending & Taxes
Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.
Amazingly, the federal government offers no cost estimates of more than 90 tax expenditures.
If provincial finance ministers are convinced they require more funding for health care, they have the ability to raise that revenue themselves.
Tax changes struck a major blow to the province’s business climate.
Canada’s top personal income tax rate is among the highest in the developed world.
One of the justifications for the rising rates is to promote environmental responsibility and water conservation.
Donald Trump’s characterization of Canada’s health-care system as “catastrophic” may be political hyperbole, but we cannot ignore the huge problems that plague our system.
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