A new report from Parliament’s budget watchdog is more bad news for Canada’s Finance Minister Bill Morneau. The report found that the new Liberal tax bracket changes will cost them hundreds of millions of dollars more than they expected in lost revenue. That depressing report comes on top of another one that found the Canadian’s consumer debt is sky high. Where will the revenues comes from?
As Parliament resumes on Monday and the Trudeau government starts to deliver on all its promises, they may have to start looking under the couch cushions for pennies to pay for them.
Evan Solomon spoke with the Assistant Parliamentary Budget Officer, Mostafa Askari.