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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Canadians will pay for Trudeau government’s record spending
Ottawa ran budget deficits worth a total of $94.1 billion from 2015/16 to 2019/20. ...
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Deferring Federal Taxes: Illustrating the Deficit Using the GST
It is sometimes difficult for everyday Canadians to grasp the size of the federal deficit— estimated at $26.6 billion for 2019-20—because of its sheer size. This bulletin, along with subsequent planned instalments, aims to give Canadians that ...
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Canadians will pay for Trudeau government’s red ink
Appeared in the Toronto Sun, November 20, 2019 Less than a month since the federal election, the latest projections from the Parliamentary Budget Office (PBO) already suggest Canadians can expect larger federal deficits than previously estimated. The ...
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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 ...
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Both Trudeau and Harper increased size of federal government
Appeared in the Moncton Times & Transcript, June 10, 2019 As the fall federal election approaches, political commentators bombard Canadians with sometimes misleading rhetoric. Such rhetoric undermines the public’s understanding of good policy, and on ...