The Trudeau government will give nearly $600 million worth of new tax credits and incentives to Canada’s media industry.
The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.
Canada’s employment rate has steadily declined since December 2017—from 62.0 per cent to 61.5 per cent.
The Trump administration has lowered business tax rates and introduced accelerated depreciation.
Canadian provinces comprise nine of the 10 jurisdictions with the highest combined personal income tax rates in Canada and the U.S.
Ottawa and most provincial governments have failed to offer any significant de-regulatory strategy.
Tax reforms effectively reduced the U.S. business tax rate by 34 per cent.
The amount invested in Canada by foreigners declined 55.1 per cent.
In the World Economic Forum’s recent Global Competitiveness Report, the U.S. ranked 1st and Canada ranked 12th.