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.
Government Spending & Taxes
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.
Ottawa has spent billions on its innovation agenda including $950 million to five hand-picked sectors of the economy.
Trudeau moving Canada towards American-style government with more centralized decision-making, federal spending, borrowing
It’s been almost 20 years since the U.S. federal government balanced its budget.
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
The Kenney government now faces a massive $24.2 billion budget deficit.
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
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