Ontario and Alberta are projecting budget deficits for years to come.
Government Spending & Taxes
Private-sector investment in factories and other structures down more than 23 per cent.
In Ontario, the government expects to rake in $2 billion per year through its cap-and-trade program.
The Wynne government’s budget raises most middle tax rates and adjusts income thresholds.
Between now and 2022/23, Alberta’s per-person debt is projected to grow by 157 per cent.
Ontario will run budget deficits of nearly $7 billion in each of the next three fiscal years.
Quebec subsidies cost north of $2.4 billion a year or roughly $9,700 per child.
Once its net debt reaches $48 billion in 2020/21, Alberta will have burned through $83 billion in net assets in 13 years.
Only New Brunswick and Nova Scotia created fewer private-sector jobs than Ontario, on average, each year between 2007 and 2016.
Ontario’s upcoming provincial budget will likely include a significant increase in government spending with an eye on the spring election.
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