The top 10 per cent earned 29.1 per cent of all income but paid 35.8 per cent of the total tax burden.
federal government budget
Federal spending in 2023/24 will increase by $5.6 billion more than the government’s previous projection.
The budget dumps billions into the government’s bottomless climate policy money pit.
Federal debt is projected to rise from 42.4 per cent of GDP in 2022 to 43.5 per cent of GDP in 2023.
When spending is financed by large deficits, it can fuel inflation or impede economic growth.
The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
The budget speech never mentioned the word “entrepreneurship."
The Trudeau government has recorded the five highest levels of federal spending per person in Canadian history.
The government says it’s spent more than $120 billion on climate change since 2015.
Between 2015 and 2019, Ottawa ran five consecutive deficits, causing federal debt to rise by $112 billion.