The last tangent kind of moved away from the budget. Considering the arrogance of producing a budget before an election, rampant with voter tax hikes, I thought that it might deserve the odd bump here and there.
"CIBC chief economist Benjamin Tal argues there has been a structural shift in the economy over the past two decades that means higher profit margins are here to stay."
http://www.cbc.ca/news/business/corp...here-1.3016324
This couldn't be news to provincial economists, so they simply turned a blind eye to the majority of corporate interests being able to absorb an increase of 1%, and still come out ahead of last years earnings. Oil and gas is boom/bust, but to ignore all other corporate entities is irresponsible.
For anyone who is curious as to what a healthy Heritage Fund could return, with the interest put into play as usable provincial income. Perhaps we wouldn't have to have the Conservatives tax us so heavily.
http://www.ctvnews.ca/business/ontar...4-5b-1.2305768
We can argue about the minutiae as much as we want, but the bottom line is that this is a province that is badly run financially. The latest budget simply reinforces that.