Federal government could balance budget and reduce tax rates with 2.3% spending reduction over two years
A New Federal Fiscal Framework for Canada
By Fraser Institute —— Bio and Archives--July 16, 2024
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—If the federal government reduced program spending by only 2.3 per cent over two years and eliminated a host tax of expenditures, it could balance the budget and reduce personal income tax rates affecting most Canadians, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“With modest spending reductions and tax reform, the federal government can create the fiscal room to provide tax rate reductions that would benefit most Canadians,” said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of A New Federal Fiscal Framework for Canada.
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