Safeguarding Your Wealth In A Post-Election 2021 World

The election results are in, and for Canadians hoping to build or protect their wealth, the uncertainty which accompanies large budget deficits, ever increasing levels of government debt, and a minority government, are something to reflect on. The inflation adjusted combined provincial and federal net debt in this country is expected to reach $2 trillion this year, with combined federal-provincial debt to GDP ratios ranging from 66.1% to 106%. These are big numbers and leave many Canadians wondering how our country will be able to manage this debt, and what impact it will have on the economy, and on their families.

As you will recall, earlier this year a federal budget consisting predominately of generous spending initiatives was released, but other than general statements about doing more to ensure high income earners pay their "fair share", it contained few substantive measures that would bring additional revenue into the government's coffers. We expect that there