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Canada Running Budget Surplus


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https://www.bnnbloomberg.ca/tax-windfalls-leave-trudeau-more-room-to-spend-ahead-of-election-1.1218652

 

9 months of the 2018-2019 fiscal year so far have been tallied and Canada so far is running an unexpected tiny Surplus of $324 Million. Revenue is so far $10 Billion more than expected.

 

While the final months tend to be the worst for the Government due to tax credits and tax returns, the deficit may end up being half of what was projected

 

The expected deficit for this year of $18 Billion (less than 0.5% of GDP) could turn out to be only $8 Billion (0.2% of GDP)

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If Canada didn't have the Oil Discount crisis causing big discounts maybe we'd have a surplus for the year as a whole :O

 

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derpmonster

Sorry for going offtopic but

I swear if Canada runs into major issues, Trump is gonna use their example to Scheiße-talk universal health care :toofunny:

Trump is attacking the social policies directly this time as opposed to last campaign where he did mostly identity politics and attacked centrist establishment Dems.

Check out iTunes data & graphs at CHARTPOP.live
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22 minutes ago, derpmonster said:

Sorry for going offtopic but

I swear if Canada runs into major issues, Trump is gonna use their example to Scheiße-talk universal health care :toofunny:

Trump is attacking the social policies directly this time as opposed to last campaign where he did mostly identity politics and attacked centrist establishment Dems.

Honestly I find it funny that Americans always look at Canada's Healthcare to try to figure out what Universal Healthcare looks life

 

Canada is not the best example of free healthcare as many countries in Europe have more coverage than we do. Contrary to common belief among Americans not everything is free here, there's a lot of segments in healthcare that we have to pay out of our own pocket or have insurance for

 

- Dental

- Vision Care

- Pharmaceuticals/Medications

- Chiropractors

- Some types of unique treatments

- Vaccinations that are by choice (I got Hepatitis A vaccine before going to Dominican Republic and I had to pay for it) 

 

All that stuff I listed is privatized not payed by government. In fact Canada's Healthcare is about 70% government funded. So about 1/3 is payed for privately either from your own pocket or an insurance

 

Even small little stuff the government sometimes finds a way not to pay by what it categorises as what. My mom had a bad cyst in her arm that kept getting infected and the Doctor said it was considered cosmetic surgery because the removal of the cyst from the skin wasn't life threatning. So she had to pay like $300 to get it removed :rip:

 

They are also starting to add fees to everything that used to be free. In most cases you now have to pay a $50 fee or so when you go to your family doctor to get a sick note for work. I'm so glad my work doesn't demand them cuz I get the flu and colds like all the time :air:

 

I have health insurance from work that covers 80% of medical costs not covered by government

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