Every US$1 decline in oil prices reduces government revenues by an estimated $630 million.
budget surplus
April 7, 2023
3:00AM
According to projections, federal net debt will jump by more than $142 billion over the next five years.
March 31, 2023
8:21AM
According to projections, debt interest costs will reach $3.1 billion in 2025/26.
March 22, 2023
4:21PM
Per-person spending will reach $14,790 in 2023/24—an increase of about 5 per cent from 2019/20.
February 28, 2023
4:23PM
Program spending is projected to be $4.2 billion higher in 2023/24 than budgeted just a few months ago.
February 9, 2023
9:30AM
Due to tax hikes in Ottawa and Edmonton, the province's top combined income tax rate increased to 48 per cent.
November 21, 2022
8:42AM
The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
April 17, 2018
5:00AM
Ontario and Alberta are projecting budget deficits for years to come.
June 20, 2016
3:00AM
The province should make its personal and corporate income tax system more competitive.