The federal and provincial governments project combined budget deficits of $233.5 billion in 2021.
The growth of capital investment in Canada slowed substantially from 2005 to 2018 compared to earlier periods.
Of the total amount of taxes paid, most (53.2 per cent) will go to the federal government.
More than 80 per cent of middle-class families have experienced an increase in their federal income taxes.
When taxes on investment returns are very high, the negative consequences, compounded over time, can be dramatic.
The Wynne government’s budget raises most middle tax rates and adjusts income thresholds.
Canadian families in the top 20 per cent pay 55.9 per cent of all federal, provincial and municipal taxes.
In 2017, the average Canadian family with two or more people will pay $47,135 in total taxes.