Some Canadian cities need an accounting overhaul—their financial information is so inaccurate, disorganized, or out-of-date, that the cities’ administrations cannot make informed budget decisions, says the C.D. Howe Institute. The worst offenders are Durham Region, Kitchener, London, and Hamilton in Ontario, as well as Halifax and Regina, according to the institute’s report published March 7….
Canadian Governments Have Overshot Spending and Tax Revenue Targets for 20 Years: Report
Over the past 20 years, Canadian federal, provincial, and territorial governments have spent a cumulative $119 billion more than they budgeted for, while taxing Canadians $143 billion more than their budgets intended, a new report shows. Since the 2000-01 fiscal year, these governments have overshot both their expense and revenue targets, according to the report,…
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