• Minister Sousa brags of fiscal prudence while running $6.7 billion deficit • Government plans on running six years of deficits while simultaneously raising income taxes
Taxpayers need to take a serious look at the budget when it's tabled at Queen's Park on Wednesday, and ask themselves if an additional $5,600 in their household budget is "modest," and who could spend it better: their family, or Premier Wynne?
Accountability matters, and taxpayers in Ontario have very few tools in their toolbox for holding their government accountable for how their hard earned tax dollars are spent
The result of this recklessness is that the party that could once credibly claim strong fiscal bona fides – the party of Paul Martin, deficit slaying finance minister – has seen its economic credentials steadily erode since coming to office
• 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
NAFTA may or may not be beyond saving — but putting forward a proposal that could help pre-empt costly future trade spats and prevent future subsidy bidding wars might be worth a shot
• Federal - Heritage Canada--$8.2 million Canada 150 Parliament Hill rink • Provincial - Ontario’s $39 billion Fair Hydro Plan • Municipal - Montreal--$34 million Formula E subsidy • Lifetime Achievement - Calgary’s art program
The inescapable reality is that ending the pre-retirement bonus benefit is a relatively small sacrifice in the grand scheme of the work needed to make Manitoba’s healthcare system sustainable.
• Quebec’s lowest income tax bracket drops from 16% to 15% • Federal small business tax rate drops to 10% from 10.5% • British Columbia cuts Medical Services Premium in half and hikes taxes on high income earners • Bracket creep rem
If this government wants to support innovation, it should stop distorting the marketplace and focus on creating an attractive business environment for all, not just companies deemed worthy of a handout.