Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.
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The auditor general noted there were 3.8 million more social insurance numbers for Canadians 20 years and older than actual people in that age group.
Importers of large quantities of chicken, cheese and butter are compelled to pay taxes exceeding 200 per cent.
Governments can find themselves at a new baseline spending level far in excess of revenues.
Alberta’s per-person government debt has eclipsed $10,000 this year.
Chronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets.
For now, the new wage subsidy program will cost $71 billion.
Businesses large and small face disproportionate property tax rates for the foreseeable future.
There were 4,588 overdose deaths in Canada in 2018.
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