Ottawa's fiscal monitor says the improvement was boosted by higher personal income tax and Goods and Services Tax revenues.
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Canada does not follow the U.S. in spending astronomical amounts of funds to develop and purchase weapons and use them in wars. Our health care expense is way lower than that of the U.S. The U.S. spends about 17 per cent of its GDP on health care, whereas the Canada medical share is around 11 per cent. So where has the Canadian government's money gone?
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There are a wild variety of employment expense claims that tax-filers make. Dry cleaning and teeth-whitening for on-air performers? Doesn't fly. My favourite may be the repairman whose employer demanded a bi-weekly haircut. He took his case to Tax Court, and lost. But it definitely showed determination.
With Ontario lagging behind other provinces on a wide range of economic indicators and recently becoming a "have-not" province, it desperately needed a bold plan to improve competitiveness and foster economic growth. Unfortunately, Thursday's budget failed to deliver and will only exacerbate Ontario's fiscal and economic challenges.