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TERRAZZANO: Each Canadian owes $57,000 in government debt


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It’s not just the rich or big corporations that will be mopping up this budget mess if politicians don’t take some air out of their bloated budgets.
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TERRAZZANO: Each Canadian owes $57,000 in government debt Back to video
Politicians are already starting to try that strategy. But if you add up the luxury tax and tax on foreign homeowners in the recent federal budget, and throw in the wealth and excess profits tax the New Democrats are pushing for, Finance Minister Chrystia Freeland’s 2021 deficit spending would still burn through that cash in about a month. Ordinary Canadians would be stuck with the bills for the other 11 months. ....

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