Are Canadians overtaxed? The answer is no, by most measures, and in future years pressure on taxes will be upward
Canada 's Prime Minister Justin Trudeau listens as Finance Minister Chrystia Freeland speaks after making a housing announcement in advance of the 2024 federal budget, at the Sunset Community Centre in Vancouver, on March 27.When the federal budget lands on Tuesday, Canadians will once again turn their attention to taxes and spending.
So while output won’t grow as it did in the past, spending on such things as social care, pensions and health care will grow more than ever. Of course, one could try to limit such expenditures by revamping the health care system, using more private services to supplement the public system, as is already happening. But while this restrains government spending, because it amounts to turning public taxes into private ones, it won’t really save any money.
more for these services than Canadians do. So we’d be robbing Peter to pay Paul if we profoundly altered our health care model. The issue, therefore, isn’t really whether we can create a leaner state to keepA magic bullet, which is to say a rebound in economic growth that swells tax revenues, won’t likely save us.
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