​Ottawa posts larger deficit for October partly due to tax breaks

​Ottawa posts larger deficit for October partly due to tax breaks

​Ottawa posts larger deficit for October partly due to tax breaks The cost of income-splitting plans and other tax benefits mean the federal government’s deficit grew to double what it would have been in October. Ottawa’s figures show a $3.2 billion deficit following $2.5 billion in September. The total for the fiscal year so far is $4 billion, far lower than that of a year ago at $12.8 billion. The government is still committed to balancing the budget by next spring.