The federal tax cuts will be almost entirely wiped out by provincial tax hikes according to a BMO report.
The federal tax cuts will be almost entirely wiped out by provincial tax hikes according to a BMO report. The bank’s economist Robert Kavcic says that about three-quarters of the tax cuts that Ottawa has announced will be swallowed up by increases in a number of provinces including Alberta, BC, Saskatchewan and Quebec. New Brunswick announces its budget Tuesday with Ontario and Atlantic Canada to come; austerity is likely to be a feature of all.
