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The Trudeau government's 2024 federal budget incorporated policy changes meant to increase productivity through investments in artificial intelligence and research grants. However, economists argued that more comprehensive reforms were necessary, including a reduction of interprovincial trade barriers, a streamlining of regulations, tax reforms ...
Paul Wells, a Canadian political journalist and the author of Justin Trudeau on the Ropes, recently told the BBC he believes Trudeau will be remembered "as a consequential" prime minister, notably ...
Freeland and Trudeau in 2018. Chrystia Freeland was appointed Canada's deputy prime minister in 2019, following the re-election of Trudeau's government, and was the country's first female finance minister in 2020, and was often nicknamed the "minister of everything", and widely seen as a potential successor to Trudeau for the leadership of the Liberal Party.
Trudeau, facing record-low approval ratings over the last few months, stepped down from his position on Monday
Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget. The taxable portion of capital gains ...
The quoted income tax rate is, except where noted, the top rate of tax: most jurisdictions have lower rate of taxes for low levels of income. Some countries also have lower rates of corporation tax for smaller companies. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates below 50%. [1]
Trudeau recently voiced concerns about the possibility of Trump's re-election, commenting, “It wasn't easy the first time and if there is a second time, it won't be easy either.”
The Trudeau government's economic policy initially relied on increased tax revenues to pay for increased government spending. While the government has not balanced the budget, it reduced Canada's debt-to-GDP ratio every year until 2020, when the COVID-19 pandemic hit.