The budget watchdog sees little chance that the federal budget will be balanced, or in a surplus position, over the medium term
Deficits for federal and provincial governments will increase to an estimated $143 billion by 2045
Revenues were up $6.3 billion, as income tax revenues and excise taxes and duties rose
Trudeau needs to delegate more and do a better job of using the deep experience available to him
Child-benefit payments will start rising with the cost of living two years earlier than initially promised
The Working Income Tax Benefit will also likely be increased
The money could be used to pay down the deficit, or to fund new spending
The fiscal update comes as the Canadian economy is on a roll
Throughout the heated discussion of tax changes for small businesses, little attention has been paid to C-27, a new bill to restructure federal pensions
The federal government could devote between $23 billion and $39 billion to either new spending, or tax relief, and still meet its debt targets for 2017