Government spending represented 40.4 per cent of the country's economy in 2019, up from 37.4 per cent in 2007.
business income tax
Lower tax rates improve incentives for people to work, save, invest and engage in entrepreneurship.
Alberta will reduce its corporate income tax rate to 8 per cent.
Alberta's corporate income tax rate will drop from 10 per cent to 8 per cent.
The Trudeau government raised the top federal income tax rate from 29 per cent to 33 per cent.
The province projects a $535 million increase in net debt this year alone.
The federal government's income tax hikes took effect in 2016.
If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.