- Government policies - NDP statements - LPC statements - Income growth - Income redistribution

1. Policy – Income Inequality –
Canada
By: Paul Young, CPA, CGA

2. What is income inequality

3. How is income inequality fix
• Distribution of wealth
• Funding to Healthcare
• Funding to Education
• Funding to other social Programs
• Strong Middle Class/Job Creation

4. Ed Broadbent

5. LPC – Income inequality

6. Broadbent
• Broadbent – speech to the Finance Committee in 2013:
• https://www.youtube.com/watch?v=KsUlt0bP2yU
•
• Fact 1 – Harper has increased program spending either via the transfers or direct program spending. It is not
Harper’s fault if various provincial governments waste money -
http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending. You do not have to
take my word as you can watch this video - https://www.youtube.com/watch?v=xqLDHQ-iJU8.
• Fact 2 – Harper has done very good on job creation area despite lower world-wide growth. You do not have
to take my word as you can review the Stats Canada results in areas like wage (reported), jobs by industry
(reported), Exports (reported), etc. http://www.slideshare.net/paulyoungcga/economy-lpc-impact or
http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=3CWP8-FKASM-
JYNFE
• Fact 3 – Where is the discussion on private –vs- public sector? http://www.cfib-fcei.ca/english/article/7107-
wage-watch-2015.html
• Fact 4 – Broadbent supports more moneys for daycare, right? We all know how well the PQ model has work,
right? http://www.nationalpost.com/news/story.html?id=5a5e1555-093f-4959-9395-028c36daadc7&p=2

7. Broadbent
• Fact 5 – Broadbent gives credit to the working class benefit. http://www.cra-arc.gc.ca/bnfts/wtb/menu-eng.html. So, how come
this benefit is not mentioned by either NDP or LPC?
• Fact 6 – Broadbent talks about GIS increases which are now proposed by Mulcair. The issue that Broadbent does not discuss is
other programs like pension splitting. The article also is dated so it does not deal with RRIF or how many seniors are using TFSA -
http://www.carp.ca/2015/04/21/carp-members-welcome-government-action-in-budget-2015/ FYI – Harper is planning to increase
GIS - http://servingbrant.ca/node/48
• Fact 7 – Broadbent wants a new welfare program. It seems to me that Broadbent does not get the purpose of welfare. Welfare is
not design to make people rich, but to help those that most need the support. Ontario has wasted moneys on gas plants, eHealth,
etc. and that money could have went to helping the most vulnerable in Ontario. http://www.cbc.ca/news/canada/toronto/ehealth-
scandal-a-1b-waste-auditor-1.808640
• Fact 8 – Broadbent is all over the stock options issues. Broadbent again does not get it about how small startup use stock options
to as part of luring talent to their organization - http://www.bloomberg.com/news/articles/2015-09-24/ndp-plan-to-boost-tax-on-
stock-options-seen-stunting-canada-tech
• Fact 9 – Tax avoidance was discussed and again since this is dated it does not deal with Harper and his government going after tax
avoidance areas as part of taxation enforce, i.e. tax treaties, transfer pricing, OECD work, etc.
• Fact 10 – increasing the taxes to top 1% never brings in the revenue windfall due to how rich have accountants, lawyers, etc. that
know how to work within the framework of the various countries’ ITA
• Summary:
• I am not surprised by Broadbent as it is all about taxing the rich. It should be noted the information in Broadbent’s statement are
part of the NDP platform. This should tell you that the Broadbent Institute was directly involved with NDP platform.