Over the past eight years, Canada's growth in real GDP per person is a paltry 1.6 per cent versus 14.7 per cent in the United States.
federal debt
More than 60 per cent of lower-income families now pay higher federal income taxes.
Federal gross debt will reach a projected $2.4 trillion by 2027-28.
Since 2007-08, combined federal and provincial government net debt has increased by roughly $1 trillion.
The 1995 federal budget began a process of major policy reforms that put the government on a path to fiscal balance.
Federal debt interest costs increased by 90 per cent in just two years.
The top 10 per cent earned 29.1 per cent of all income but paid 35.8 per cent of the total tax burden.
In reality, Canada’s government debt is high relative to other comparable countries.
Since 2014/15, federal government debt interest costs have nearly doubled.
By the end of this fiscal year, the federal government will have racked up $591.9 billion in debt since 2015.