This year's combined projected federal and provincial government deficits total $234 billion.
tax freedom day
The federal and provincial governments project combined budget deficits of $233.5 billion in 2021.
This year's combined projected federal and provincial government deficits total $315.2 billion.
Canadians can make their own judgement about value for money.
Of the total amount of taxes paid, most (53.2 per cent) will go to the federal government.
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.