Footnote:
In: Canadian Tax Journal/Revue fiscale canadienne, Vol. 68, No. 4, 2020, pp. 1083-1122
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 19, 2021 erstellt
Description:
In this article, Trevor Tombe examines the sustainability of Canada's public debt in the face of steadily rising provincial debt, a severe economic shock from COVID-19, and mounting health-care costs associated with an aging population. He finds that while the federal debt is solidly sustainable, despite a large increase owing to COVID-19, the debt burden of most provincial governments is not. He discusses some of the policy options available to improve fiscal outlooks, focusing in particular on reform of federal transfers