debt and deficit
Canada’s top personal income tax rate is among the highest in the developed world.
Personal income tax rates are being hiked across the board, between one and three percentage points depending on income.
Manitoba’s newly-elected government faces some important fiscal challenges.
The deficits to fiscal year 2020-21 will total $118.6 billion.
By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.