The average Canadian family paid 45.3 per cent of its income in taxes last year.
federal deficits
September 14, 2023
1:00AM
July 19, 2023
11:23AM
From 2015 to 2022, the federal bureaucracy grew by 27 percentage points.
July 5, 2023
9:15AM
After recording eight consecutive budget deficits, the Trudeau government plans to run at least five more.
June 27, 2023
2:30AM
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
June 8, 2023
2:30AM
According to forecasts, the federal deficit will eclipse $40 billion this year.
June 7, 2023
9:10AM
Rising interest rates will put additional pressure on federal finances.
April 2, 2023
4:00AM
In just two fiscal years, Indigenous spending increased by $4 billion.
March 17, 2023
4:00AM
Between 2016 and 2019, the Trudeau government recorded average economic growth of 2.1 per cent compared to 4.6 per cent during the Chrétien years.
November 7, 2022
9:24AM
Compared to fiscal year 2019-20, total federal spending in 2022-23 will be approximately 27 per cent higher.