The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.
The top 20 per cent of income-earning families in Canada pay nearly two-thirds of all income taxes.
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Canada has the seventh-highest top combined personal income tax rate in the OECD.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
The province's top combined federal/provincial personal income tax rate stands at 53.53 per cent.
Private-sector capital spending in the U.S. picked up substantially after President Trump took office.
Tax reforms effectively reduced the U.S. business tax rate by 34 per cent.