Due to federal tax changes, 61 per cent of low-income families face higher personal income taxes.
Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future.
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
This year's federal budget deficit will reach a projected $381 billion.
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province.
A one percentage point increase in the effective interest rate would increase Ottawa's annual debt interest costs by $13.8 billion.
The Trudeau government will run a record budget deficit approaching $400 billion.
The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.