The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
federal government debt
Over a ten-year period, Canada’s general government gross debt rose from 69 per cent to 87 per cent.
Trudeau expected to increase per-person federal debt by 5 per cent by 2019.
Le Québec est devenu un chef de file de la fiscalité au Canada, alors que l’Ontario et l’Alberta s’endettent
Interest payments on household debt consume 6 per cent of disposable income compared to almost 11 per cent in 1990.
Prime Minister Trudeau has raised taxes on skilled workers and entrepreneurs.
Prime Minister Justin Trudeau’s expected level of per person spending this fiscal year ($8,337) is just $38 less than the all-time high.