Blog - Fraser Forum
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
The province expects a $33.1 billion deficit next year.
Per-person federal government program spending will reach an estimated $16,350 in 2020.
Alberta had the lowest top personal income tax bracket in North America in 2014—now it has the 10th highest.
The update projects a $21.3 billion provincial budget deficit in 2020/21.
Eliminating trade barriers would decrease prices and raise household incomes.
In Windsor, median household income actually declined.
Federal net debt for 2020-21 will likely exceed $1.1 trillion.
According to the recent budget, Ontario's deficits will average 3.7 per cent of GDP over the next three years.
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