The carbon tax will increase by $15 per tonne until it reaches $170 per tonne.
Government Spending & Taxes
The federal government has seemingly ditched the debt-averse approach that largely prevailed in Ottawa since the mid-1980s.
Among residents who donated, the average annual contribution equalled only 0.45 per cent of their household income.
The province expects a $15.5 billion budget deficit next year.
The Trudeau government raised the cap from $60 per person to $170.
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
The share of the population over 65 is projected to grow from about 18 per cent to nearly 26 per cent.
The Trudeau government sees the government itself as the driver of prosperity, and the private sector, including entrepreneurs, small business owners and investors playing a secondary role.
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.
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