The average Nova Scotia family will pay more than 44 per cent of their income on taxes this year.
The total federal/provincial government debt is due to increase by $86 billion in 2022/23.
Sixty per cent of the bottom 20 per cent of taxpaying families with children now pay $233 more (on average) in federal income taxes.
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.