IE Staff
(September 13 – 10:00 ET) – The
provinces may within five years be
able to cut personal income taxes
by around 25%, or boost their
spending by 8%, because of balanced
budgets, less debt and subdued
spending, Royal Bank of Canada
forecasts in a new report.
Ontario and B.C. may have just
under 1% of extra gross domestic
product, while the other provinces
could have dividends in the 1.6%
to 2.5% of GDP range.
The study “Relative Fiscal
Power: Ottawa versus the
Provinces'” is available on Royal
Bank’s Web site at
www.royalbank.com/economics.
– IE Staff
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