Carney's plan to cut tens of billions in spending is tough but doable, experts say
Nouveau_Burnswick @ Nouveau_Burnswick @lemmy.world Posts 23Comments 951Joined 2 yr. ago
Nouveau_Burnswick @ Nouveau_Burnswick @lemmy.world
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Exactly. Consider it like family X making $220,000 combined income, but paying $44,000 in federal taxes. The remaining $176 is the family's money to spent (at least before the provincial tax slice).
Edit: and to be clear, $440B is federal taxes. Some of the things you mentioned are paid for by provincial or municipal taxes.