Canada’s top personal income tax rate is among the highest in the developed world.
Over the last 100 years, government spending around the world has grown.
The province should make its personal and corporate income tax system more competitive.
This year’s deficit is projected at $1.8 billion, equivalent to 6.2 per cent of the provincial economy.
By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.