The fundamental idea is for government to ensure a minimum annual income for all Canadians.
Government Spending & Taxes
The federal budget deficit in 2020-21 is an esitmated $343.2 billion.
Ottawa has spent billions on its innovation agenda including $950 million to five hand-picked sectors of the economy.
It’s been almost 20 years since the U.S. federal government balanced its budget.
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
The Kenney government now faces a massive $24.2 billion budget deficit.
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
The cost of servicing the province’s debt has increased to more than $2 billion.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.