Although the share of resales concluded through Centris currently sits at 75 per
cent of total provincial resales, this does not necessarily mean that the remaining 25 per cent are resales concluded directly by homeowners only, says the federation.
This is equivalent to 0.3 per
cent of total provincial revenues in 2012.
Not exact matches
Even assuming, as the Parliamentary Budget Office does, that Ottawa's debt will steadily shrink and disappear around 2040,
provincial, territorial and local governments are on track to swell Canada's
total public debt to the equivalent
of 100 per
cent of GDP by 2070.
In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per
cent by 2012 - 13; to eliminate the
total government sector debt (which includes the federal,
provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate
of growth in nominal GDP.
Nationally, with similar average
total income growth
of 2.3 per
cent, average federal and
provincial income taxes grew more slowly, by 4.7 per
cent.
In Ontario, the average
total income
of the one per
cent grew by 2.5 per
cent in 2014 while average federal and
provincial income taxes paid grew by 7.2 per
cent.