Since the 1970s, Canada’s spending-to-GDP ratio has always been larger than the ideal range to maximize economic growth.
Canada had an overall tax-to-GDP ratio of 33 per cent.
In 2018, Calgary’s non-residential tax rates were almost four times higher than residential rates.
U.S. Senator Elizabeth Warren expects her wealth tax to fetch about $2.75 trillion in 10 years.
At 44.9 per cent, Burnaby’s heavy industry tax rates were more than 22 times higher than its residential tax rates.
In Ontario, the combined provincial/federal top marginal income tax rate is 53.5 per cent.
Tax revenue collected from the top one per cent in Canada fell by $4.9 billion in 2016.
The Quebec government spent $2.3 billion last year, or $9,772 per child, on its daycare program.