Yesterday’s Ontario provincial budget contained measures to stimulate business investment, to lower corporate taxes and to reduce sales-tax administration charges. But the major initiative was in the area of infrastructure spending. This has been a consistent theme of governments around the world. Who knows if all this money will ever really be spent? To a considerable degree, Premier McGuinty, Prime Minister Stephen Harper and President Barack Obama are all trying to do the same thing, talk us out of this recession. This report also looks at some questionable aspects of the new proposed harmonized sales tax (HST) with respect to residential construction.

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