Grady Munro is a Policy Analyst at the Fraser Institute. He holds a Bachelor of Arts in Economics from Macalester College in Minnesota, and a Master’s Degree in Public Policy at the University of Calgary. Mr. Munro’s commentaries have appeared in major Canadian newspapers including the Globe and Mail, Financial Post, and Toronto Sun. His research focuses on government spending, debt, and taxation.
Understanding the Scale of Canada’s Federal Deficit finds that continuous annual borrowing by Ottawa to finance increased spending has driven federal total debt up to an expected 69.8 per cent of the economy or $2.1 trillion in 2024/25—and analyzes how in debt Canadian families would be if they spent and borrowed the same way.
A New Federal Fiscal Framework for Canada finds that if the federal government reduced program spending by only 2.3 per cent over two years and eliminated a host of tax expenditures, it could balance the budget and reduce personal income tax rates affecting most Canadians.
Tax Freedom Day measures the total annual tax burden imposed on Canadian families by federal, provincial, and municipal governments. This year, it arrives on Thursday, June 13—four days later than in 2019, the last year before the pandemic.
