Over the past 26 years, government-sector debt in Canada has grown to more than $2.5 trillion.
Government Spending & Taxes
The current federal government raised the top federal personal income tax rate to 33 per cent.
One of the main sources of tax system complexity is the proliferation of credits, deductions and other special preferences.
Canada’s income tax began during the First World War.
Ontario’s top combined marginal personal income tax rate is 53.5 per cent.
Economic recovery in Alberta is crucial not just for Albertans, but for Canada’s public finances.
The Trudeau government has increased the incentive for tax planning.
Government workers in Alberta are away from their jobs for personal reasons 73 per cent more days per year than private sector workers.
Conditional grants give the federal government greater sway over projects across Canada.
Ontario has seen its share of total provincial net debt rise to 51 per cent.
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