The whole country (except Nunavut) will be encouraged to over-invest in public transit since, under the cost-sharing formula, new dollars will only cost 50 cents.
Government Spending & Taxes
By 2017/18 spending will be up by $50 billion from 2014/15, representing a jump of 20 per cent.
In the Liberal budget, only 0.2 per cent of the $8.4 billion designated for Aboriginal people is for skills and employment training.
Budget projects an increase in total federal debt of approximately $113 billion over the next five years.
As the Liberals table their first budget today, federal government debt has reached $692 billion.
On the eve of the new Liberal government’s first federal budget, the key is to get incentives right at home.
Canada’s top combined personal income tax rates are now among the highest in the industrialized world.
The new federal Liberal government will table its first budget next week, with media reports suggesting a deficit triple the amount promised during the election campaign.
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