The average family in the province will pay more than 43 per cent of its income in taxes this year.
total tax burden
Business investment (excluding residential development) is down 22.5 per cent.
The total federal/provincial government debt is due to increase by $86 billion in 2022/23.
The growth of capital investment in Canada slowed substantially from 2005 to 2018 compared to earlier periods.
Since forming government, the Liberals have announced several tax hikes and more may be on the way.
No one really thinks we should abolish all taxes. After all, how would governments fund important public services that form the foundation of our economy? Think of services like protecting property, building infrastructure, upholding the legal system, to name a few. The real debate is about the amount of taxes that governments extract from us given the services we get in return.