Federal Budget Must Spur Growth, Restore Confidence
Ottawa must support economic growth and restore Canadians’ confidence in the country’s fiscal management, according to the C.D. Howe Institute’s annual Federal Shadow Budget.
Authors William B.P. Robson and Alexandre Laurin show Ottawa could balance federal finances by 2025 through a combination of measures to boost growth and opportunities, while restoring fiscal restraint.
Highlights of the 2020 Shadow Budget’s measures to support economic growth include changes to personal and corporate income taxes that will encourage talent and investment, elimination of distorting taxes and border frictions, more focused infrastructure investments, and measures to support Canada’s labour market.