Photo credit: Pexels/Rodnae Productions It’s hard to be optimistic after the last federal election if you’re a Canadian taxpayer worried about politicians’ race towards financial insanity. The most expensive election in Canadian history turned out to be a competition to see which politician could rack up a bigger government credit card bill. Both the […]
Justin Trudeau at the Liberal Party platform release, Sept. 1, 2021. Photo credit: Facebook/Justin Trudeau The Canadian Taxpayers Federation (CTF) is criticizing the Liberal Party’s recently released election platform for its reckless spending and lack of a plan to balance the budget. “All we’re hearing from the Liberals is more borrowing, but not a […]
Photo credit: Pexels/Mikhail Nilov Fifty-seven thousand dollars. That’s the average amount each Canadian will owe in provincial and federal government debt by the end of the year. It’s not just the rich or big corporations that will be mopping up this budget mess if politicians don’t take some air out of their bloated budgets. Politicians are already […]
Canadian politicians like Chrystia Freeland see tax competition as a “race to the bottom.”
But for the rest of us, a global tax cartel will mean an inevitable march toward higher tax bills and more pork for companies with access to politicians.
When you got straight A’s on a report card, it’s a good bet you rushed home from the school bus to show your mom and dad. Maybe they even stuck it on the fridge. But if that report card was covered with F’s you probably weren’t that eager to bring it up at dinner time.
Canadian babies born on federal budget day 2021 had more than $28,000 of debt the moment they opened their eyes. That’s each Canadian’s share of the federal government’s $1-trillion debt. And it’s going up.
By the time those little ones blow out their candles on their fifth birthday, Ottawa projects their shares of the federal debt will be about $35,000 each.
If you think the federal government’s so called historic spending on a national child-care scheme is big, wait until you hear how much the government is spending to cover its debt interest costs.
In its 2021 budget, the Justin Trudeau government is promising to spend $30 billion over five years on a national child-care program. That’s a tonne of money considering we couldn’t afford it pre-pandemic.
The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.”
If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget is that the Trudeau Liberals appear to be unable to govern.
Imagine a tax so bad that it’s uniting Alberta and Quebec. With all of the heated rhetoric over pipelines and equalization, that sort of unity seems like an impossibility. But it turns out the tax is all too real and it’s Ottawa’s carbon tax.
The Trudeau government has been busy uniting the provinces against its economically damaging policies. Six premiers wrote to the prime minister urging him to change or scrap legislation that bans tankers on the West Coast and makes approvals for future pipelines virtually impossible. And following the Alberta’s government’s announcement to challenge Ottawa’s carbon tax in the courts, the Quebec government is now taking on the tax by intervening in Saskatchewan’s Supreme Court challenge.