Prime Minister Trudeau has raised taxes on skilled workers and entrepreneurs.
federal government debt
Prime Minister Justin Trudeau’s expected level of per person spending this fiscal year ($8,337) is just $38 less than the all-time high.
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent.
Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased.
Since the Liberals’ first forecast in 2015, expected GDP for 2017 has dropped by $62 billion or $1,700 per Canadian.
The Trump administration is negotiating tax reform that could make the U.S. much more attractive for investment and skilled workers.
Governments in Edmonton, Toronto and Ottawa have markedly increased government spending.
The Liberals will finance almost all of the new spending with borrowed money, resulting in an expected deficit of $27.8 billion this year.