• Federal debt to rise a further $80 billion by 2022 – a total increase of $110 billion since Liberals came into office • Tax changes will squeeze an additional $1 billion annually out of small businesses by 2022
Taxpayers Federation: Budget 2018 still offers no plan back to balance
OTTAWA, ON – The Canadian Taxpayers Federation (CTF) today expressed concern about the Trudeau government’s 2018 budget, which did not lay out a clear path to eliminate the deficit and failed to address growing concerns about Canada’s tax competitiveness.
“The good news is this budget largely holds the line on spending,” said CTF Federal Director Aaron Wudrick. “The bad news is the government has once again failed to tackle the structural deficits it created in the 2016 budget and which will add $80 billion in new federal debt by 2022.”