Ontario entered this recession with an already elevated government debt burden.
In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
The Ford government projected a deficit of $20.5 billion for 2020-21.
Alberta’s per-person government debt has eclipsed $10,000 this year.
Provincial government debt-service costs are set to reach $13.2 billion this year.
The government’s debts exceed its financial assets by approximately $353.7 billion.
Ontario's top marginal personal income tax rate of 53.53 per cent is the second-highest in North America.
The provincial debt is forecasted to reach $360 billion this year.