Category : Search result: Ontario budget deficit


Kingsville 2026 budget brings 5.9% tax hike

Kingsville property owners will see a 5.9% municipal tax increase in 2026, adding $126 to the average bill. The hike funds policing costs, road work, and new fire equipment.

N.L. Deficit Balloons to $948M, Up 51%

Newfoundland and Labrador's fiscal deficit has surged to $948 million, a 51% increase. Finance Minister Craig Pardy addressed the province's worsening financial outlook in St. John's.

Sask. adds $1B in spending without raising deficit

Saskatchewan's finance minister states a $1 billion increase in provincial spending will not affect the deficit, as revealed in the mid-year financial report. Get the details on the budget update.

Winnipeg forecasts $17.4 million deficit

The City of Winnipeg's latest financial report projects a $17.4 million deficit. Get the details on the forecast and what it means for municipal services.

King's College in N.S. reports $1.8-million deficit

The University of King's College in Halifax confronts a significant $1.8-million budget shortfall for 2025, attributing it to escalating operational expenses. Learn about the financial pressures facing the historic institution.

Calgary City Council Begins 2025 Budget Decisions

Calgary's city council started its crucial budget deliberations on Monday, December 1, 2025, considering several amendments that will shape municipal spending. Follow the latest developments.

Edmonton grapples with $52-million budget hole

Edmonton confronts a $52.3 million structural budget deficit, threatening its financial reserves and city services. Officials warn of potential service cuts and fee increases.

B.C.'s $17B financial reversal under Premier Eby

B.C. Finance Minister Brenda Bailey's budget update reveals a dramatic $17 billion turnaround from surplus to deficit under Premier David Eby. Discover how day-to-day spending drives half the debt increase.

B.C. deficit projection lowered to $11.2 billion

British Columbia's financial outlook improves as quarterly tax revenues exceed expectations, reducing the projected deficit. Learn how this impacts provincial services and taxpayers.

Carney's $78.3B Deficit: A Historic Shift

Prime Minister Mark Carney's first budget projects a $78.3-billion deficit, nearly double what the Trudeau government had planned. Discover the historical context and future implications for Canada.

Saskatchewan projects $427M deficit at mid-year

Saskatchewan's provincial government reveals a $427 million deficit for 2025, citing unexpected wildfire and healthcare expenses. Learn how this impacts the province's financial outlook.

Saskatchewan projects $427 million deficit

Saskatchewan's budget surplus has turned into a $427 million deficit due to wildfire expenses and healthcare pressures. Learn how provincial finances shifted dramatically.

Ottawa School Board Posts $5.4 Million Deficit

Ottawa-Carleton District School Board reports $5.4 million deficit for 2024-25 as provincial supervisor conducts financial review. Learn about the budget challenges facing public education.

Canada Post Reports $541M Loss in Q3 2025

Canada Post faces staggering $541 million pre-tax loss in third quarter, marking unprecedented financial crisis for national mail service. Learn what's behind the massive deficit.

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