Sounds a lot like the dipper mantra of" the rich must pay their fair share. Businesses must pay their fair share of taxes." Without ever coming up with a number of what that fair share should be.Excess profit tax? What would that be?
How will Liberals pay for billions in promised spending, loans? Freeland won't say if wealth tax coming — CTV News
While selectively rolling out elements targeting millennials and Generation Z, Deputy Prime Minister and Finance Minister Chrystia Freeland won't say whether next week's federal budget could include higher taxes for corporate Canada or major grocers.apple.news
Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!
- Thread starter Ron in Regina
- Start date
If Trudeau does stick around until the next campaign, he wants it to be about all the goodies he’s promised Canadians but that the evil Polievre would want to take away.
apple.news
Tom Mulcair: Super Trudeau's pre-budget tour is about saving himself — CTV News
Over the last two weeks, Prime Minister Justin Trudeau has embarked on a one-party election campaign in the lead-up to next week's budget. But former NDP leader Tom Mulcair argues the only thing people will remember from this budget is the number: how big a deficit it's going to leave.
“We are using every single tool in our toolbox,” said Freeland.
Hurrah, the Liberals have found the toolbox. “Our renewed focus today is unlocking the door to the middle class for millions of younger Canadians,” she added.
If the Liberals really wanted to help those young people they should have started eight years ago when they were still in elementary school.
apple.news
Hurrah, the Liberals have found the toolbox. “Our renewed focus today is unlocking the door to the middle class for millions of younger Canadians,” she added.
If the Liberals really wanted to help those young people they should have started eight years ago when they were still in elementary school.
Michael Higgins: Does Trudeau realize he's been the prime minister for the last 8 years? — National Post
After 8 years of making housing more unaffordable, the Liberals say they are finally going to fix it. Sure they are ...
Making life affordable for the middle class and those trying to join it since 2015 .“We are using every single tool in our toolbox,” said Freeland.
Hurrah, the Liberals have found the toolbox. “Our renewed focus today is unlocking the door to the middle class for millions of younger Canadians,” she added.
If the Liberals really wanted to help those young people they should have started eight years ago when they were still in elementary school.
Michael Higgins: Does Trudeau realize he's been the prime minister for the last 8 years? — National Post
After 8 years of making housing more unaffordable, the Liberals say they are finally going to fix it. Sure they are ...
Heading into the third budget under the government’s current mandate, Justin Trudeau’s Liberals have been on a cross-country tour plugging a series of measures that will be included in the coming year’s spending plans.
Since late March, the Liberals have announced just over $37 billion in new spending and loans planned for the federal budget, according to a Global News analysis. Some of the Liberal announcements have spending spread out over multiple years (=onto the next govt to deal with), while other items come with little to no price tag attached.
Budget 2024 sets up a 'hard year' for the Liberals. Here's what to expect — Global News
The Liberals are set to table the 2024 federal budget on Tuesday. Here's what to expect as the economy struggles and Canadians seek financial relief.
There are only two tools in the box. turdOWE and Freeland. And both are broken.
Build on Crown land. Just identify as your grandparents and scoop 160 acres.
Canada is empty and abundant. Bring back the Homesteading Act.
In a Friday press release headlined simply “Canada’s Housing Plan,” the Prime Minister’s Office laid out a plan to “unlock 3.87 million new homes by 2031.”
“Canada can and will solve the housing crisis,” read an attached quote by Housing Minister Sean Fraser.
In the media, it was mostly treated as yet another Liberal housing pledge, similar to the week before when the PMO had launched a new “rental protection fund.”
“Federal government launches new housing strategy,” read CBC’s headline on the plan.
But what Ottawa has just pitched as a pre-budget bauble is one of the most mammoth promises ever issued by a Canadian federal government.
In terms of cost, effort and raw logistics, building 3.9 million homes in just seven years would easily rank as one of the most awesome expenditures of national effort outside of the world wars.
To be fair, Friday’s plan only promises 2 million “net new homes.” Under current forecasts, about 1.87 million homes will be “built anyway by 2031,” according to a backgrounder on the plan…with the Liberal/NDP government out the door with their pensions in 18 months…
Still, that’s 287,714 “net new homes” each year until 2031. Or, 783 extra homes per day. Or, one “net new home” every two minutes for the next seven years.
If, as a result of the Canada Housing Plan, Canada somehow managed to build an entire second Alberta, it still wouldn’t be enough to reach the target.
Across 119 years of recurring homebuilding booms, Alberta still has a total of just 1,633,220 “occupied private dwellings” as per the 2021 census.
So to meet the 2 million “net new homes” figure by 2031, Canada would also need to build a second Saskatchewan. That province had a combined total of 449,585 occupied private dwellings as of 2021.
apple.news
Once upon a time, Canada’s corporate tax rate stood at 28%, but in 2000, then-prime minister Jean Chretien began lowering it down to 22%. When Stephen Harper took office in 2006, he lowered it to the current 15%.
While critics claimed this would make the government poor, the opposite happened, revenue from corporate income tax stayed steady or went up each year. A study by the Montreal Economic Institute in 2018 detailed corporate tax revenues using inflation adjusted 2017 dollars and found no significant decrease other than in years when recessions were taking place.
The reason is that a lower tax rate makes Canada a more attractive place to do business. More companies investing in equipment and jobs here means more economic activity and more revenue for the government.
Driven by demands from the NDP and Trudeau’s junior coalition partner, Jagmeet Singh, we are going to see tax increases on high-income earners and corporations.
Singh, who seems to be running the government rather than Trudeau these days — dictating key policy decisions — has been calling for an “excess profits tax” for some time. It’s unclear what such a tax would look like in practice, but New Democrats were boasting this week to Radio Canada, CBC’s French division, about looming corporate tax hikes.
This is why Rad Can wrote what we will see on Tuesday will be “A budget written in orange ink.” It’s a great line, especially when you consider that the Trudeau Liberals are taking tax advice from the economically illiterate Singh NDP. The Left trying to out-Left the Left.
A lower tax rate makes Canada a more attractive place for foreign investment. Pushing the corporate tax rate up to 22%, as the NDP would prefer, would put Canada’s corporate tax rate higher than the United States.
For more than a century, Liberal and Conservative governments have maintained a lower corporate tax rate in Canada as a key economic policy to attract investment. Oh well…
If he increases taxes on high-income earners, they will have fewer meals out, hurting the cooks, the waiters and restaurant owners. They will cut back on what they order in, hurting Canadians trying to keep a side hustle going, delivering food as a second job.
They may cut back on the household services provided by small businesses, from landscaping to security services.
The same holds for businesses facing higher tax pressures.
Hiring will freeze, capital spending on equipment and productivity will slow down. New investment from outside firms will hit pause or be directed elsewhere.
Trudeau is pitching his budget as something to cure what ails us. Instead, he’s likely to make things much, much worse.
apple.news
apple.news
“Canada can and will solve the housing crisis,” read an attached quote by Housing Minister Sean Fraser.
In the media, it was mostly treated as yet another Liberal housing pledge, similar to the week before when the PMO had launched a new “rental protection fund.”
“Federal government launches new housing strategy,” read CBC’s headline on the plan.
But what Ottawa has just pitched as a pre-budget bauble is one of the most mammoth promises ever issued by a Canadian federal government.
In terms of cost, effort and raw logistics, building 3.9 million homes in just seven years would easily rank as one of the most awesome expenditures of national effort outside of the world wars.
To be fair, Friday’s plan only promises 2 million “net new homes.” Under current forecasts, about 1.87 million homes will be “built anyway by 2031,” according to a backgrounder on the plan…with the Liberal/NDP government out the door with their pensions in 18 months…
Still, that’s 287,714 “net new homes” each year until 2031. Or, 783 extra homes per day. Or, one “net new home” every two minutes for the next seven years.
If, as a result of the Canada Housing Plan, Canada somehow managed to build an entire second Alberta, it still wouldn’t be enough to reach the target.
Across 119 years of recurring homebuilding booms, Alberta still has a total of just 1,633,220 “occupied private dwellings” as per the 2021 census.
So to meet the 2 million “net new homes” figure by 2031, Canada would also need to build a second Saskatchewan. That province had a combined total of 449,585 occupied private dwellings as of 2021.
FIRST READING: Trudeau’s utterly daunting promise to immediately build an Alberta's worth of new homes — National Post
It's one new home every two minutes ... for seven consecutive years
While critics claimed this would make the government poor, the opposite happened, revenue from corporate income tax stayed steady or went up each year. A study by the Montreal Economic Institute in 2018 detailed corporate tax revenues using inflation adjusted 2017 dollars and found no significant decrease other than in years when recessions were taking place.
The reason is that a lower tax rate makes Canada a more attractive place to do business. More companies investing in equipment and jobs here means more economic activity and more revenue for the government.
Driven by demands from the NDP and Trudeau’s junior coalition partner, Jagmeet Singh, we are going to see tax increases on high-income earners and corporations.
Singh, who seems to be running the government rather than Trudeau these days — dictating key policy decisions — has been calling for an “excess profits tax” for some time. It’s unclear what such a tax would look like in practice, but New Democrats were boasting this week to Radio Canada, CBC’s French division, about looming corporate tax hikes.
This is why Rad Can wrote what we will see on Tuesday will be “A budget written in orange ink.” It’s a great line, especially when you consider that the Trudeau Liberals are taking tax advice from the economically illiterate Singh NDP. The Left trying to out-Left the Left.
A lower tax rate makes Canada a more attractive place for foreign investment. Pushing the corporate tax rate up to 22%, as the NDP would prefer, would put Canada’s corporate tax rate higher than the United States.
For more than a century, Liberal and Conservative governments have maintained a lower corporate tax rate in Canada as a key economic policy to attract investment. Oh well…
If he increases taxes on high-income earners, they will have fewer meals out, hurting the cooks, the waiters and restaurant owners. They will cut back on what they order in, hurting Canadians trying to keep a side hustle going, delivering food as a second job.
They may cut back on the household services provided by small businesses, from landscaping to security services.
The same holds for businesses facing higher tax pressures.
Hiring will freeze, capital spending on equipment and productivity will slow down. New investment from outside firms will hit pause or be directed elsewhere.
Trudeau is pitching his budget as something to cure what ails us. Instead, he’s likely to make things much, much worse.
LILLEY: Trudeau budget expected to have job-killing tax hikes in it — Toronto Sun
Portrayed as making the rich pay their fair share, the NDP plans Trudeau is embracing will only kill jobs.
EDITORIAL: Liberals drowning us in sea of red ink — Toronto Sun
The verdict is already in when it comes to the release of the Trudeau government’s annual budget on Tuesday — we simply can’t afford the Liberals any longer. After almost nine years in power, they haven’t come close to balancing a single federal budget, which won’t change when Finance Minister...
Looks like Chrystia may have dropped a few pounds by the photo. Of course it doesn't show the bottom end.
When delivering food becomes an industry unto itself the world is in a sad state of affairs. Seems like there is no one left who knows how to peel a potato or make a sandwich. Alexa order me a plate of $25 rice.In a Friday press release headlined simply “Canada’s Housing Plan,” the Prime Minister’s Office laid out a plan to “unlock 3.87 million new homes by 2031.”
“Canada can and will solve the housing crisis,” read an attached quote by Housing Minister Sean Fraser.
In the media, it was mostly treated as yet another Liberal housing pledge, similar to the week before when the PMO had launched a new “rental protection fund.”
“Federal government launches new housing strategy,” read CBC’s headline on the plan.
But what Ottawa has just pitched as a pre-budget bauble is one of the most mammoth promises ever issued by a Canadian federal government.
In terms of cost, effort and raw logistics, building 3.9 million homes in just seven years would easily rank as one of the most awesome expenditures of national effort outside of the world wars.
To be fair, Friday’s plan only promises 2 million “net new homes.” Under current forecasts, about 1.87 million homes will be “built anyway by 2031,” according to a backgrounder on the plan…with the Liberal/NDP government out the door with their pensions in 18 months…
Still, that’s 287,714 “net new homes” each year until 2031. Or, 783 extra homes per day. Or, one “net new home” every two minutes for the next seven years.
If, as a result of the Canada Housing Plan, Canada somehow managed to build an entire second Alberta, it still wouldn’t be enough to reach the target.
Across 119 years of recurring homebuilding booms, Alberta still has a total of just 1,633,220 “occupied private dwellings” as per the 2021 census.
So to meet the 2 million “net new homes” figure by 2031, Canada would also need to build a second Saskatchewan. That province had a combined total of 449,585 occupied private dwellings as of 2021.
Once upon a time, Canada’s corporate tax rate stood at 28%, but in 2000, then-prime minister Jean Chretien began lowering it down to 22%. When Stephen Harper took office in 2006, he lowered it to the current 15%.FIRST READING: Trudeau’s utterly daunting promise to immediately build an Alberta's worth of new homes — National Post
It's one new home every two minutes ... for seven consecutive years
While critics claimed this would make the government poor, the opposite happened, revenue from corporate income tax stayed steady or went up each year. A study by the Montreal Economic Institute in 2018 detailed corporate tax revenues using inflation adjusted 2017 dollars and found no significant decrease other than in years when recessions were taking place.
The reason is that a lower tax rate makes Canada a more attractive place to do business. More companies investing in equipment and jobs here means more economic activity and more revenue for the government.
Driven by demands from the NDP and Trudeau’s junior coalition partner, Jagmeet Singh, we are going to see tax increases on high-income earners and corporations.
Singh, who seems to be running the government rather than Trudeau these days — dictating key policy decisions — has been calling for an “excess profits tax” for some time. It’s unclear what such a tax would look like in practice, but New Democrats were boasting this week to Radio Canada, CBC’s French division, about looming corporate tax hikes.
This is why Rad Can wrote what we will see on Tuesday will be “A budget written in orange ink.” It’s a great line, especially when you consider that the Trudeau Liberals are taking tax advice from the economically illiterate Singh NDP. The Left trying to out-Left the Left.
A lower tax rate makes Canada a more attractive place for foreign investment. Pushing the corporate tax rate up to 22%, as the NDP would prefer, would put Canada’s corporate tax rate higher than the United States.
For more than a century, Liberal and Conservative governments have maintained a lower corporate tax rate in Canada as a key economic policy to attract investment. Oh well…
If he increases taxes on high-income earners, they will have fewer meals out, hurting the cooks, the waiters and restaurant owners. They will cut back on what they order in, hurting Canadians trying to keep a side hustle going, delivering food as a second job.
They may cut back on the household services provided by small businesses, from landscaping to security services.
The same holds for businesses facing higher tax pressures.
Hiring will freeze, capital spending on equipment and productivity will slow down. New investment from outside firms will hit pause or be directed elsewhere.
Trudeau is pitching his budget as something to cure what ails us. Instead, he’s likely to make things much, much worse.
LILLEY: Trudeau budget expected to have job-killing tax hikes in it — Toronto Sun
Portrayed as making the rich pay their fair share, the NDP plans Trudeau is embracing will only kill jobs.EDITORIAL: Liberals drowning us in sea of red ink — Toronto Sun
The verdict is already in when it comes to the release of the Trudeau government’s annual budget on Tuesday — we simply can’t afford the Liberals any longer. After almost nine years in power, they haven’t come close to balancing a single federal budget, which won’t change when Finance Minister...
Easy to lose weight while speedy around .
In my complex I see people ordering MacDonald’s on door dash . Sad but true . More money than brains .
So build another AB, SK, & much of MB worth of homes in the next three years? Sounds plausible….
Trudeau's unrealistic housing numbers
youtube.com
….’cuz those provinces managed to do that in the last 120 years or so.