When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.
Resistance to marginal tax rate reductions in the U.S. may prevent a return to supply-side fiscal policies.
The Liberals will finance almost all of the new spending with borrowed money, resulting in an expected deficit of $27.8 billion this year.
Alberta now has the 16th highest top personal income tax rate in North America.
The new Canada Child Benefit program, and the expansion of the CPP, may hurt middle-income Canadians.
Once government spending surpasses 30 per cent of GDP, economic growth declines.