High taxes reduce the reward individuals receive from productive economic activities.
tax reform
Workers in every province, across most of the income spectrum, faced higher income tax rates than workers in nearly every U.S. state.
The region's four provinces have the four highest provincial business income tax rates in Canada.
Since 2015, the federal government's gross debt has increased by a projected one trillion dollars.
The province has one of the highest business tax rates in North America.
Among 61 Canadian and U.S. jurisdictions, Ontario had the third-highest top combined personal income tax rate.
The province's program spending will reach $193.0 billion this year—an increase of $2.3 billion from the budget tabled in March.
The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.