Canada dropped to 14th in the new Economic Freedom of the World report, down slightly from 13th the previous year.
Ottawa and most provincial governments have failed to offer any significant de-regulatory strategy.
Statistics Canada again tried to explain the productivity slowdown of the last two decades.
In the World Economic Forum’s recent Global Competitiveness Report, the U.S. ranked 1st and Canada ranked 12th.
The average Canadian family will pay 43.6 per cent of its income in taxes.
Household assets have increased from $2 trillion in 1990 to $12 trillion last year.
Ontario has seen its share of total provincial net debt rise to 51 per cent.
Canada ranks Number 5 on the Freedom Index, 11 spots above the United States.