OP-ED: Canada’s GST was meant to tame the debt. Now it barely covers the interest
"The GST was sold to Canadians as a way to balance the budget, but today it mostly pays the interest on Ottawa’s debt."
Author: Lee Harding
Canada’s Goods and Services Tax now effectively serves one purpose: helping to pay interest on the federal debt. And, thanks to continued deficit spending, these revenues aren’t quite enough to cover the entire cost. This should be a fiscal wake-up call for the federal government and all Canadians.
The 2025 budget re…
