Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!

Dixie Cup

Senate Member
Sep 16, 2006
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Corporations are owned by people known as sharholders who share in corporate profits.

Those people pay the tax on corporate profits at the personal tax rate.

Its not a conspiracy. You could up corporate taxes by 2% but that cuts into profits to go to the higher taxed shareholders. Govt would lose money.
It has been shown that lower taxes yield more income for governments because people have more disposable income to spend & invest. The higher people are taxed, the less government income comes in. Common sense!! Trudeau prefers the latter which is why we're so much in debt!!
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
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Well, the below is in the realm of speculation…based upon lead up actions and nine years of prior history at this point:
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(unless something catastrophically stupid happens, I’m still predicting 240 seats for the conservatives in October 2025)

The Liberals will still control the Senate with their “Independent” Senators for the foreseeable future in order to stall an Adult trying to get Canada back onto some kind of sane financial path…but I could see the above happening. Trudeau with a divisive generational tax to try (hopefully unsuccessfully) to pit the young living in their parents basements against their own parents & grandparents.

The latest romantic interlude between Trudeau and taxing your home came through a secret meeting just before Canada Day.

The PM was out in Vancouver for a public announcement. His posted itinerary which is supposed to detail his calendar only said he was making “an oceans conservation announcement.” Later that day though, Trudeau sat down for a secret conversation with Paul Kershaw, the founder of Generation Squeeze.
Kershaw and his organization have been advocating for taxing the sale of your primary residence for years. He’s written studies and academic papers on the subject, appeared before Parliamentary committees and pushed the idea that exempting the sale of a primary residence from capital gains tax is an unfair advantage.

Generation Squeeze uses the same language as Trudeau does in talking about fairness for every generation.

So, having Trudeau go sit with Kershaw for a private town hall with Trudeau where they discussed housing policy in front of a live audience should make Canadians sit up and wonder what was said. We only know this meeting took place because Generation Squeeze posted part of the conversation in the form of a podcast.
(What they didn’t post and what they said they don’t have permission to post was the question-and-answer session)

The Liberals’ cynical attempt to woo younger voters by jacking up the capital gains tax (in the name of “intergenerational tax fairness”) is unlikely to raise the $20 billion the Liberals estimated. However, it will end up costing our economy far more than that in lost investment in high tech, improved productivity and small business expansion.

For every dollar it raises for Ottawa, the new tax could scare away four or five dollars in much-needed investment in our stagnating economy.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
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113
Regina, Saskatchewan
California & New York State…are states inside of a nation, but not nations….where as Denmark & Chile, like Canada, are nations.
1721699200286.jpeg 1721699281297.jpeg
 
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petros

The Central Scrutinizer
Nov 21, 2008
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Well, the below is in the realm of speculation…based upon lead up actions and nine years of prior history at this point:
View attachment 22936
View attachment 22937
(unless something catastrophically stupid happens, I’m still predicting 240 seats for the conservatives in October 2025)

The Liberals will still control the Senate with their “Independent” Senators for the foreseeable future in order to stall an Adult trying to get Canada back onto some kind of sane financial path…but I could see the above happening. Trudeau with a divisive generational tax to try (hopefully unsuccessfully) to pit the young living in their parents basements against their own parents & grandparents.

The latest romantic interlude between Trudeau and taxing your home came through a secret meeting just before Canada Day.

The PM was out in Vancouver for a public announcement. His posted itinerary which is supposed to detail his calendar only said he was making “an oceans conservation announcement.” Later that day though, Trudeau sat down for a secret conversation with Paul Kershaw, the founder of Generation Squeeze.
Kershaw and his organization have been advocating for taxing the sale of your primary residence for years. He’s written studies and academic papers on the subject, appeared before Parliamentary committees and pushed the idea that exempting the sale of a primary residence from capital gains tax is an unfair advantage.

Generation Squeeze uses the same language as Trudeau does in talking about fairness for every generation.

So, having Trudeau go sit with Kershaw for a private town hall with Trudeau where they discussed housing policy in front of a live audience should make Canadians sit up and wonder what was said. We only know this meeting took place because Generation Squeeze posted part of the conversation in the form of a podcast.
(What they didn’t post and what they said they don’t have permission to post was the question-and-answer session)

The Liberals’ cynical attempt to woo younger voters by jacking up the capital gains tax (in the name of “intergenerational tax fairness”) is unlikely to raise the $20 billion the Liberals estimated. However, it will end up costing our economy far more than that in lost investment in high tech, improved productivity and small business expansion.

For every dollar it raises for Ottawa, the new tax could scare away four or five dollars in much-needed investment in our stagnating economy.
How can that be fair if my kid inherits less?
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
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Regina, Saskatchewan
That’s (Taxation) what led them to believe middle-class Canadians would support their argument that raising the capital gains tax — a.k.a. “making the rich pay” — would lead to better funding for government programs aimed at making life more affordable for the middle class (which is not defined in Canada to the best of my knowledge).

The Liberals also thought that trapping Conservative Leader Pierre Poilievre and his party into specifically opposing the capital gains tax increase — by singling it out from the broader budget bill — would result in the Conservatives being perceived as the party of the rich? That’s kind of rich all on its own.
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But an Ipsos poll done for the fiscally conservative Montreal Economic Institute, released Thursday, demonstrates the fundamental flaw in Liberal thinking these days.

Based on a survey of 1,038 Canadian adults earlier this month, it found that 73% agreed, with only 19% disagreeing, that “increasing capital gains taxes will affect middle-class Canadians, not just the ultrawealthy.”
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Meanwhile, 60% agreed, compared to only 25% who disagreed, that “the federal government’s decision to increase taxes on capital gains will have a negative impact on Canada’s economy.”

Similarly, 75% agreed, compared to only 17% who disagreed, that “higher corporate taxes lead to higher prices for consumer goods,” while 63% agreed, compared to only 21% who disagreed, that “a high tax rate can lead wealthy individuals to move to lower-tax jurisdictions.”

What these findings suggest is that Canadians are no longer buying the argument from Trudeau and NDP Leader Jagmeet Singh — the prime minister’s junior partner who allows the current Liberal minority government to survive — that “making the rich pay” will automatically improve the lives of ordinary people.
1721989331881.jpeg
Rather, as the poll found, 70% of Canadians surveyed agreed, compared to only 18% who disagreed, that the real problem is the federal government’s failure to effectively spend money raised by taxation to address the most important issues facing our society today.
1721989468956.jpeg
Similarly, 70% were “dissatisfied with the accountability and transparency of the Canadian government’s spending practices,” compared to only 23% who were satisfied.
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It’s just more proof most Canadians don’t believe the Trudeau government has a revenue problem. They believe it has a spending problem.
1721989569823.jpeg
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
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113
Regina, Saskatchewan
A new study by Vancouver’s Fraser Institute highlights a lot of worrying figures from Canada’s economy and its public sector expenditures.

Throughout the Stephen Harper years, even going back as far as Liberal prime ministers Jean Chretien and Paul Martin, our Gross Domestic Product, population, public sector workforce and government spending all ran pretty much in parallel.

That meant none of those elements were too wildly out of sync with the others.

GDP and population grew together with neither pulling too far ahead, nor falling too far behind. Similarly, the size of the federal budget and the government workforce were never more than a few percentage points out of whack with the others.

Then along came the Trudeau Liberals. Under the Grits, our GDP has stalled. At the same time, federal spending, the number of federal employees and our population have erupted.

Federal spending since 2015 has nearly doubled. The national debt has doubled. The federal workforce has grown by more than 40%. Because these are mostly highly paid supervisors, executives and professionals, the federal payroll has grown by 67%.

Federal civil servants now make nearly 30% more than the average Canadian; 40% is a recurring number for the Liberals. Not only has the number of federal workers increased by 40%, violent crime is up 40% and so are drug deaths.

Groceries cost nearly 40% more than when the Liberals came to office, as does fuel. And taxes now consume over 40% of ordinary Canadians’ incomes.

Wow, for a government that positioned itself as the champion of the middle class in 2015, the Trudeau government certainly has been hard on middle-income Canadians.

One of the other distressing figures from the Fraser study shows that, since 1980, incomes and housing prices in the U.S. have increased by about 100%, meaning an ordinary working American can still afford an ordinary American home.

Meanwhile, Canadian incomes have gone up 100%, but housing prices have jumped by 300%. Much of the housing increase in Canada has happened during the nine years of Liberal rule and much of it is the result of the Trudeau government’s open-door immigration policies, overwhelming the housing market.

This week, Bank of Canada Governor Tiff Macklem said he was hopeful Canada could avoid a recession. Frankly, given how lousy our economy is, in general, I doubt we would notice the difference.
….wasn’t the only one in the developed world to take a hit during COVID…But Canada did spend more per capita on pandemic handouts than any other Western country and ran up more public debt. The hangover from that is still being felt in the form of higher taxes, higher interest rates and higher inflation.

The Trudeau Liberals took a bad situation (the pandemic) and made it much worse and longer lasting.

Their carbon tax and war on the energy sector have driven up prices, driven down investment and suppressed both economic growth and new employment.

Productivity per Canadian worker is down because industries are not investing in new technologies to increase the amount of product produced per hour worked. And our per capita income is actually declining (one of the few developed countries with that problem) because the Trudeau government has opened our borders wide and invited in a flood of newcomers.

Canada is welcoming 1.2 or 1.3 million immigrants, refugees and foreign students a year, up nearly triple since the Liberals came to power in 2015. However, as a nation, we are only building enough housing for just under 400,000 a year and creating jobs for (maybe) 500,000 a year. Something’s Gotta give….
 
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Taxslave2

House Member
Aug 13, 2022
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What more proof could anyone need that the far left is totally incompetent?
It is not like the Liberal party of old was a left wing party. Rather the extremists on the left, which tend to have a high percentage of globalists have overthrown the party, and come close to destroying our country. To the immense benefit of a few third world countries.
 

pgs

Hall of Fame Member
Nov 29, 2008
27,700
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What more proof could anyone need that the far left is totally incompetent?
It is not like the Liberal party of old was a left wing party. Rather the extremists on the left, which tend to have a high percentage of globalists have overthrown the party, and come close to destroying our country. To the immense benefit of a few third world countries.
And lots of Liberal party insiders .
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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(two different different sources for contrast on the same story)
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
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Regina, Saskatchewan
The federal government should also consider the impact its turbocharged temporary foreign worker program has on low-income workers. Prime Minister Justin Trudeau himself said in 2014 that the program should be scaled back. Instead, once in office, he increased temporary foreign work permits by a whopping 92 per cent between 2015 and 2017 alone.
The above is from post #115 in this thread. The prime minister, as well as the deputy prime minister, talks a good game about helping young people get ahead and giving them opportunities.

But the federal Liberals are refusing to abolish a disastrous policy that is spiking youth unemployment as well as giving Canada a bad name.

Trudeau is so wedded to the low-wage Temporary Foreign Workers Program (TFWP) that he refuses to end it even when his beloved United Nations calls it a form of slavery.

The end stages of a government are usually characterized as being old, then tired, then stale, and then moribund. The Trudeau Liberals have gone one further and entered the zombie stage, clinging desperately to a lifeless policy because that’s all they know.

The feds need to put a stake through the heart of the low-wage TFWP, or cut off its head, or whatever needs to be done to kill a policy that’s hurtful, unintelligible and is feeding off young Canadians.

It’s not as if Trudeau and Chrystia Freeland don’t know that young Canadians are hurting.
Before the budget this year, Trudeau tweeted, “When young people feel like they can’t get ahead in the same way their parents or grandparents could, that’s not fair. It’s our job to fix that.”

In March, at a housing announcement, Freeland said, “To the younger Canadians here with us today, and to all of you across our amazing country, I just want to say your concerns are real, you’re not making it up, your frustration is understandable, this isn’t your fault and it need not be your future.”

And in a podcast interview with advocacy group Generation Squeeze, Trudeau said, “There is something fundamentally shifted in our economy that young people don’t have the kinds of opportunity they had before.”

Let’s ignore for now how appalling it is that after nine years in power both the prime minister and the deputy prime minister admit they have left a generation of young people behind.

Is there anything that Trudeau could do right now to ease the burden of young people in Canada? Yes, kill the low-wage TFWP.
In an interview, Mike Moffatt, economist and senior director of policy and innovation at the Ottawa-based Smart Prosperity Institute, said outside of 2020, the lockdown year, this has been the worst year on record for teenagers to get a summer job in Canadian history.

A big reason for that is the government’s attitude to the TFWP, in particular the low-wage stream. And the Liberals knew there were major problems with this program.

***In 2014, as Liberal Leader, Trudeau criticized the Harper government for bringing in too many foreign workers because it “drives down wages and displaces Canadian workers.”***

That year, the Harper government scaled back the program. But in 2022, after the pandemic, the Liberals ramped it up dramatically. In 2019, there were 98,025 temporary foreign worker permits issued. In 2023 that increased to 183,820.

“I think there are better solutions rather than just allowing firms to bring in large numbers of foreign workers, which takes job opportunities away from people who are already here,” said Moffatt.

“But it also suppresses wages. These firms, Tim Horton’s or whatever, if they’re having trouble finding workers they can always raise their wages. But instead we’ve created a system where they don’t have to.”
This week the Liberals announced a partial rollback of the TFWP, but as the National Post’s Ryan Tumilty points out, many exceptions remain and the low-wage stream will still operate with some modifications.

“The low-wage, non-agricultural stream just doesn’t make any sense. It should be outright abolished,” said Moffatt.

What is infuriating is the government’s willful blindness on this issue.

“The TFW Program has been used to circumvent hiring talented workers in Canada,” said a government press release on Monday.
1724888016105.jpeg
But Trudeau knew that ten years ago.

“The changes we are making today will prioritize Canadian workers and ensures Canadians can trust the program is meeting the needs of our economy,” said Employment Minister Randy Boissonnault. But the program is still betraying, not prioritizing, young Canadians who urgently need to enter the economy.

***The unemployment rate for youth aged 15 to 24 was 14.2 per cent in July, according to Statistics Canada — more than double the unemployment rate of 6.4 per cent for the general population.***
Moffatt accuses the government of being stuck in a mindset where the TFWP is seen as the only solution to a problem. He argues the government fails to see other opportunities such as increasing productivity through technology and innovation. And if rural communities need workers, Moffatt suggests a program where youngsters are sent there for several months to fill the vacancies.

“Let’s encourage young people to take those jobs, invest in skills and training. We could have used this as an opportunity, a chance, to give young people their first job. But we didn’t do that,” he said.

Canada doesn’t need zombie policies from a government of the walking dead. But that’s the horror story we’re left with.
 

pgs

Hall of Fame Member
Nov 29, 2008
27,700
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The above is from post #115 in this thread. The prime minister, as well as the deputy prime minister, talks a good game about helping young people get ahead and giving them opportunities.

But the federal Liberals are refusing to abolish a disastrous policy that is spiking youth unemployment as well as giving Canada a bad name.

Trudeau is so wedded to the low-wage Temporary Foreign Workers Program (TFWP) that he refuses to end it even when his beloved United Nations calls it a form of slavery.

The end stages of a government are usually characterized as being old, then tired, then stale, and then moribund. The Trudeau Liberals have gone one further and entered the zombie stage, clinging desperately to a lifeless policy because that’s all they know.

The feds need to put a stake through the heart of the low-wage TFWP, or cut off its head, or whatever needs to be done to kill a policy that’s hurtful, unintelligible and is feeding off young Canadians.

It’s not as if Trudeau and Chrystia Freeland don’t know that young Canadians are hurting.
Before the budget this year, Trudeau tweeted, “When young people feel like they can’t get ahead in the same way their parents or grandparents could, that’s not fair. It’s our job to fix that.”

In March, at a housing announcement, Freeland said, “To the younger Canadians here with us today, and to all of you across our amazing country, I just want to say your concerns are real, you’re not making it up, your frustration is understandable, this isn’t your fault and it need not be your future.”

And in a podcast interview with advocacy group Generation Squeeze, Trudeau said, “There is something fundamentally shifted in our economy that young people don’t have the kinds of opportunity they had before.”

Let’s ignore for now how appalling it is that after nine years in power both the prime minister and the deputy prime minister admit they have left a generation of young people behind.

Is there anything that Trudeau could do right now to ease the burden of young people in Canada? Yes, kill the low-wage TFWP.
In an interview, Mike Moffatt, economist and senior director of policy and innovation at the Ottawa-based Smart Prosperity Institute, said outside of 2020, the lockdown year, this has been the worst year on record for teenagers to get a summer job in Canadian history.

A big reason for that is the government’s attitude to the TFWP, in particular the low-wage stream. And the Liberals knew there were major problems with this program.

***In 2014, as Liberal Leader, Trudeau criticized the Harper government for bringing in too many foreign workers because it “drives down wages and displaces Canadian workers.”***

That year, the Harper government scaled back the program. But in 2022, after the pandemic, the Liberals ramped it up dramatically. In 2019, there were 98,025 temporary foreign worker permits issued. In 2023 that increased to 183,820.

“I think there are better solutions rather than just allowing firms to bring in large numbers of foreign workers, which takes job opportunities away from people who are already here,” said Moffatt.

“But it also suppresses wages. These firms, Tim Horton’s or whatever, if they’re having trouble finding workers they can always raise their wages. But instead we’ve created a system where they don’t have to.”
This week the Liberals announced a partial rollback of the TFWP, but as the National Post’s Ryan Tumilty points out, many exceptions remain and the low-wage stream will still operate with some modifications.

“The low-wage, non-agricultural stream just doesn’t make any sense. It should be outright abolished,” said Moffatt.

What is infuriating is the government’s willful blindness on this issue.

“The TFW Program has been used to circumvent hiring talented workers in Canada,” said a government press release on Monday.
View attachment 24373
But Trudeau knew that ten years ago.

“The changes we are making today will prioritize Canadian workers and ensures Canadians can trust the program is meeting the needs of our economy,” said Employment Minister Randy Boissonnault. But the program is still betraying, not prioritizing, young Canadians who urgently need to enter the economy.

***The unemployment rate for youth aged 15 to 24 was 14.2 per cent in July, according to Statistics Canada — more than double the unemployment rate of 6.4 per cent for the general population.***
Moffatt accuses the government of being stuck in a mindset where the TFWP is seen as the only solution to a problem. He argues the government fails to see other opportunities such as increasing productivity through technology and innovation. And if rural communities need workers, Moffatt suggests a program where youngsters are sent there for several months to fill the vacancies.

“Let’s encourage young people to take those jobs, invest in skills and training. We could have used this as an opportunity, a chance, to give young people their first job. But we didn’t do that,” he said.

Canada doesn’t need zombie policies from a government of the walking dead. But that’s the horror story we’re left with.
Yet is the conservatives that are told is the party of big business.
 
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Dixie Cup

Senate Member
Sep 16, 2006
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Edmonton
My son is developmentally delayed. He is an adult now. Prior to Covid, he was working at Boston Pizza. Of course, during Covid he & his co-workers were all laid-off as the restaurant had to close. Unfortunately, he's never been called back & apparently, this particular Boston Pizza ended up with new management, so they didn't know him & refused to hire him back. He has been looking for part-time work since then to no avail. The most he can work (and not lose focus) is a 4-hour day/20 hours per week. He's open to working weekends as well. There's simply nothing out there for him which I find incredible. So maybe THIS is the reason why he's not been able to obtain work - between the immigrants & TFWP there's nothing available?? It would make sense if true because I keep hearing how companies are "screaming" for workers but can't find any. I'm sure there are a lot of disabled people who could fill the gap but apparently there's no interest. Sad really.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
9,550
113
Regina, Saskatchewan
And in a podcast interview with advocacy group Generation Squeeze, Trudeau said, “There is something fundamentally shifted in our economy that young people don’t have the kinds of opportunity they had before.”
Yeah…8 & 1/2 years of Trudeau style governance with another year to go yet.
Before the budget this year, Trudeau tweeted, “When young people feel like they can’t get ahead in the same way their parents or grandparents could, that’s not fair. It’s our job to fix that.”
Or at least stop contributing to the problem…damn…
This week the Liberals announced a partial rollback of the TFWP, but as the National Post’s Ryan Tumilty points out, many exceptions remain and the low-wage stream will still operate with some modifications.
1724971407097.jpeg
But Trudeau knew that ten years ago.

“The changes we are making today will prioritize Canadian workers and ensures Canadians can trust the program is meeting the needs of our economy,” said Employment Minister Randy Boissonnault. But the program is still betraying, not prioritizing, young Canadians who urgently need to enter the economy.
Another year to go folks. Not counting on Jagmeet Singh to let go of the non-coalition until he’s told to by Justin Trudeau.
 

petros

The Central Scrutinizer
Nov 21, 2008
113,241
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Yeah…8 & 1/2 years of Trudeau style governance with another year to go yet.

Or at least stop contributing to the problem…damn…

View attachment 24381

Another year to go folks. Not counting on Jagmeet Singh to let go of the non-coalition until he’s told to by Justin Trudeau.
Trudeau or not I have to say this "you should have taken a trade".

To be a framer it'll cost $1500 to get a pouch and basic tools, rain and shine PPE, good work boots and I stress good (Keen or Timberland) safety, skidsteer, telehandler and bucket hoist tickets.

For the price of an iPhone these kids could start out at $50K the first year, $60K the next $75K at which point you can start subbing at $17 a foot an easy $125K
 

Taxslave2

House Member
Aug 13, 2022
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Trudeau or not I have to say this "you should have taken a trade".

To be a framer it'll cost $1500 to get a pouch and basic tools, rain and shine PPE, good work boots and I stress good (Keen or Timberland) safety, skidsteer, telehandler and bucket hoist tickets.

For the price of an iPhone these kids could start out at $50K the first year, $60K the next $75K at which point you can start subbing at $17 a foot an easy $125K
If they are ambitious, or fortunate enough they can start as a laboured in some remote place and make $100G while learning a trade. Not sure if it is Canada wide yet, but labourer is a red seal trade in BC. Bunch of courses that you have to do now. The old guys grandfathered in at first, then had to do a written test.
 
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petros

The Central Scrutinizer
Nov 21, 2008
113,241
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Low Earth Orbit
If they are ambitious, or fortunate enough they can start as a laboured in some remote place and make $100G while learning a trade. Not sure if it is Canada wide yet, but labourer is a red seal trade in BC. Bunch of courses that you have to do now. The old guys grandfathered in at first, then had to do a written test.
True enough. On a big site a telehandlers go all day. A rigging ticket is like gold too. All weekend 2 day tickets that bump up the bucks in a hurry.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
9,550
113
Regina, Saskatchewan
 
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Taxslave2

House Member
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Seems to me, most of the interest rate hikes were on turdOWE's watch as well. Were the rate increases just for the convenience of being able to lower them just prior to an election?
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
26,141
9,550
113
Regina, Saskatchewan
When the Bank of Canada cut interest rates last week, Finance Minister Chrystia Freeland said that it “shows that our economic plan is working.” But the fact is that real GDP per capita has declined for seven of the last eight quarters, shrinking cumulative growth since Prime Minister Justin Trudeau took office to a mere 0.6 per cent, versus a robust 16.4 per cent increase in the United States over the same time period.

Put another way, economic performance under Trudeau is so bad that if Canada tracked with the United States since he took office, we would be 16 per cent richer today. That the Bank of Canada cut interest rates last week does not suggest the Trudeau government’s economic plan is working. It is neither here nor there. Freeland might as well have declared that the government’s economic plan must be working because she ate an unusually large breakfast that morning.
If you ask most entrepreneurs and investors whether the Liberals’ economic plan is working, the answer would most certainly be a resounding “no.” In the second quarter of 2024, real business investment per capita was down five per cent year-over-year, and down more than 15 per cent since the third quarter of 2015. Even worse, that decline in business investment is before the effects of the Trudeau government’s recent capital gains tax increase, which kicked in near the end of June.

The Liberals have suggested that tax hike will not have any negative economic consequences except to the super-rich, but their claims about the tax hike are as error-filled as their claims about general economic performance. When the tax hike came into effect, Justice Minister Arif Virani released an “explainer” video that he later had to delete after Conservative MPs Michelle Rempel Garner and Philip Lawrence pointed out a bunch of errors.