According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
tax freedom day in canada
This year, the federal government and six of 10 provinces will run budget deficits.
No one really thinks we should abolish all taxes. After all, how would governments fund important public services that form the foundation of our economy? Think of services like protecting property, building infrastructure, upholding the legal system, to name a few. The real debate is about the amount of taxes that governments extract from us given the services we get in return.