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1. The Lifetime Tax Burden for Canadians from Federal Debt Accumulation

   Federal debt has risen substantially during the COVID-19 pandemic and is projected to continue rising for the foreseeable future. Large deficits come with costs and Canadians will have to pay for our borrowing today through additional taxation ...

2. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2020

   Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...

3. Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

   From 1965 to 1995, the Canadian federal government repeatedly ran deficits, accumulating debt, a habit that culminated in the near crisis of the mid-1990s. After a period of reform beginning in 1995, Canada returned to deficits in 2008/09. While ...

4. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2019

   Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...

5. What Happens to the Federal Deficit if a Recession Occurs in 2019?

   In its latest fiscal update, the Trudeau government revealed that it intends to continue running sizeable budget deficits for the foreseeable future. There are several risks inherent in the federal government’s current approach to fiscal policy ...

6. An Analysis of Federal Debt in Canada by Prime Ministers Since Confederation

   Over Canada’s 150-year history, prime ministers have, in various ways, helped shape the country, often leaving a legacy that affects Canadians to this day. A key aspect to any prime minister’s legacy is whether they left the federal government ...

7. Canada’s Past Fiscal Leaders Are Now Fiscal Laggards: An Analysis of 2017 Provincial Budgets

   Around the turn of the 21st century, Alberta and Ontario could both boast of having comparatively sound public finances relative to most other provinces. In recent years, however, serious fiscal problems have emerged in both provinces. Alberta and Ontario ...

8. Household Debt and Government Debt in Canada

   Canadians are regularly inundated with news stories about policy concerns over household debt. These concerns, however, can be seen to be overblown once we properly account for the other side of the balance sheet. Canadian households have taken on more ...

9. End of the Chrétien Consensus?

     The Chrétien Consensus was an implicit agreement that transcended political party and geography regarding the soundness of balanced budgets, declining government debt, smaller and smarter government spending, and competitive taxes that emerged in the ...

10. A Federal Fiscal History: Canada, 1867-2017

    The Canadian federation’s 150th anniversary is an important milestone for a country that has become one of the most successful countries in the world. Canada’s economic evolution from a rural agricultural nation to a modern, highly urbanized, service ...