Spiegel Sohmer (Montreal): The Pandemic Deficit: How Will the Piper Be Paid?

The extent of the deficit being incurred to fund COVID-19-related programs is overwhelming. The Canada Emergency Response Benefit program (the “CERB”) has already cost approximately $35.8 billion as a result of the 13.77 million applications received.3 Given that the decrease in tax revenues will deepen the hole, it is not premature to consider the tax measures which may be adopted to bail out the public treasury. MORE.

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