We are in a long-term move to a low-wage, service economy. The government has failed to invest in creating a high-value, high wage economy and instead has gone for the low hanging fruit of asset inflation, and then easing the stress with dollar devaluations. The same can be seen afoot in the UK, where the long-term goal is to lower wages and living standards in order to compete with China and wider Asia. People are borrowing to fulfil an illusion of middle class wealth and prosperity. 

So, what should people do? They need to ditch illusions about Canada and see the country with clear eyes. They need to take their finances offshore and to reduce taxes to zero. Taxes are only be taken to pay for a welfare state and civil service the country can no longer afford. We live in a global economy and you will be fleeced by the government if you do not run from its grasp.