Canada still has no path to a balanced budget The government is doing a program review. My concerns are that many Auditor-General, PBO, and other governance entities reports have been ignored by Trudeau and his team Trudeau never had the answer for slow growth. Trudeau decided to focus on big government and little else in terms of economic policies - https://www.slideshare.net/paulyoungcga/failure-of-trudeaunomics-april-2022pptx Trudeau housing policies after the budget still do little to address affordability Trudeau job strategies does little to address competitiveness in areas like productivity, innovation, and skills gap More emphasis needed on addressing issues with program spending including more value for money audits. Trudeau throwing out dental care without properly consulting the provinces is going to be a disaster Trudeau green policies have never look at all angles of climate change Trudeau team lack a job strategy. Many job vacancies pay less than the average wage Bond agencies likely will put Trudeau on watch due to his high deficit and debt levels No discussion on hiking GST. GST hike of 1% would raise about $5B per year.

1. BUDGET 2022
– PATH
FORWARD
FOR CANADA
Presenter Name: Paul Young
CPA CGA
April 8, 2022

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• Overall Budget 2022-2023
• Taxation
• Housing
• Dental
• Defense spending
• Safer Communities
• Productivity Challenges
• Green Transition
• GDP and Growth
• Employment and Middle Class
• Waterways
• No Pharmacare
• Tackling Inflation
• Bank tax
PRESENTATION TITLE 2/11/20XX 3

4. 2022-2023 BUDGET
PRESENTATION TITLE 2/11/20XX 4
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs
to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance
group that ensure all oversight agencies are free from partisan policies, governments need to learn to live within its
means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies
should address issues like wage reform or pension reform or other reforms.
https://www.slideshare.net/paulyoungcga/how-to-fix-the-governance-model-for-government-public-
sectorpptx

5. SUMMARY
PRESENTATION TITLE 2/11/20XX 5

6. TAXATION REVIEW
PRESENTATION TITLE 2/11/20XX 6
https://www.canadianmanufacturing.com/manufactur
ing/national-study-highlights-workers-whose-extra-
earnings-get-hit-the-most-by-tax-system-279641/
@MarkGerretsen Since you refuse to talk about the
middle class, then I will with my work! Your policies
have done nothing to help the middle class in
Canada!
https://www.slideshare.net/paulyoungcga/did-
liberals-make-lives-better-for-canadians-251351609
and https://globalnews.ca/news/1356467/tax-cuts-
since-2005-net-canadians-30b-pbo/
The middle class has struggled under
@JustinTrudeau
FY22_23 Getting the
“House” in Order.pdf

7. HOUSING
PRESENTATION TITLE 2/11/20XX 7
fedbudget_2022.pdf
• Rent own program benefits very few - https://storeys.com/liberal-party-rent-to-own-plan/
• Housing affordability are the issues. There was already tax-free savings account that could have been leverage.
Savings has seen slower growth - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-
the-last-bubble-nbf/ or https://www.slideshare.net/paulyoungcga/household-spending-savings-and-income-income-
inequality-pptx
• There are systemic issues facing housing that required all levels of government and private sector to work together in
areas of urban and rural planning - https://www.slideshare.net/paulyoungcga/housing-continues-to-face-many-
challenges-across-the-globe

8. DENTAL
PRESENTATION TITLE 2/11/20XX 8
Can show how this program will be funded or how it is not a
duplication of existing provincial programs?
Dental https://www.smilecaredental.ca/blog/ohip-
dental-coverage-free-dental-care-ontario-2021
Fiscal -
https://www.slideshare.net/paulyoungcga/fiscal-
management-public-sector-canada
What does this mean for private insurance/benefits for
employees?

9. DEFENSE SPENDING
PRESENTATION TITLE 2/11/20XX 9
Defense https://www.slideshare.net/paulyoungcga/canada-defense-and-military-spending
Foreign Policies https://www.slideshare.net/paulyoungcga/what-is-happening-with-global-foreign-policies-and-affairs
Military officers quitting https://www.cbc.ca/news/politics/claims-rear-admiral-santarpia-failed-to-hold-subordinates-
accountable-sexual-misconduct-1.6392291
Cyber - https://www.canhealth.com/2022/03/31/canadas-hospitals-must-monitor-cyber-threats-to-avoid-attacks/

10. SAFER COMMUNITY
PRESENTATION TITLE 2/11/20XX 10
Safer Communities – What does that mean? More surveillance or more money for policing to fight gangs and other crime.
Blog – Policing and Public Safety – Canada
@DavidLametti @marcomendicino @SeanFraserMP
Thirty-nine percent of deadly-shootings are gang-related
Court challenge on the minimum sentences
One minimum sentence cost millions of dollars
Court system is backlog with immigration cases
https://www.slideshare.net/paulyoungcga/public-safety-crime-and-policing-canadapptx

11. PRODUCTIVITY
CHALLENGES
PRESENTATION TITLE 2/11/20XX 11
Canada carbon tax and excessive regulations are hurting Canada’s ability to attract FDI.
Canada could be leader in ethical and environmental oil if the Trudeau and his government did more to support the natural gas and
oil sector. https://www.slideshare.net/paulyoungcga/oil-and-gas-sector-analysis-and-commentary-march-2022-preliminarypptx
Canada various sectors continue to struggle with capacity issues
Failures of clusters - https://www.ipolitics.ca/news/superclusters-funding-off-track-unlikely-to-create-expected-gdp-growth-pbo
Liberals continue to pick and choose winners and losers when it comes to grants and subsidies.
There is no real strategy to help businesses transitioned off fossil fuels.
Canada is ranked at 87th capital invested
https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-251338416

12. GREEN TRANSITION
PRESENTATION TITLE 2/11/20XX 12
https://twitter.com/ctvqp/status/1510641869503582217
I bet you never mentioned the following:
Canada is a carbon sink!
Canada ranks globally when it comes to developing its NR in sustainable way!
Carbon taxation punishes the low to middle class income earners
Lack of integrated policies for circular economy
https://www.slideshare.net/paulyoungcga/mitigation-the-impact-of-climate-change-while-growing-the-green-and-
circular-economy-in-a-sustainable-way-pptx
Blog – Growing the Circular Economy through better Climate Mitigation Policies
I support better policies that encourage both the private and public sectors to move their operation model to zero-waste.
More work needs to be done on policies related to waste-to-energy (CCA) or abolishing carbon taxation or streamlining of
regulations and taxes or tax credits for environmental work, i.e., tree plant or water management or other areas of the
environment.
https://www.slideshare.net/paulyoungcga/how-to-advance-the-circular-economy-through-climate-mitigation-policies

13. GDP AND GROWTH
PRESENTATION TITLE 2/11/20XX 13
MSM never mentioned how GDP went from 3.0% in
2017 to 1.6 in 2019. Trudeau also never mentioned
how inflation.
16 https://www.slideshare.net/paulyoungcga/2016-
november-2016-gdp-gross-domestic-product-canada
18 https://www.slideshare.net/paulyoungcga/gdp-
canada-the-real-truth
Oct/21 https://www.slideshare.net/paulyoungcga/gdp-
canada-analysis-and-commentary-october-2021

14. MIDDLE CLASS
PRESENTATION TITLE 2/11/20XX 14
5 of 10 job vacancies pay less than the avg. wage
Education continues to do a poor job aligning with the jobs of today & tomorrow
More & more organizations are turning to automation as part of managing their costs
https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-january-2022-and-february-
2022pptx-251462504

15. WATERWAYS
PRESENTATION TITLE 2/11/20XX 15
Blog - How to better protect water supply through Innovation and better Urban Planning
https://www.bloomberg.com/news/articles/2021-10-21/water-s-soul-statue-is-a-call-for-global-climate-
action?utm_content=climate&utm_campaign=socialflow-
organic&utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-climate
Water has been an issue for decades. All you have to do is look at US southwest to see how population growth
outpace water supply - https://www.npr.org/2021/06/26/1010521100/population-is-booming-in-the-west-but-theres-
not-enough-water-to-keep-up-with-it
Desalination technology has also improved over the years - https://www.inceptivemind.com/worlds-first-wave-driven-
desalination-system-wave2o/21521/
Eliminating the dumping of raw sewage into waterways https://tnc.news/2021/06/24/liberals-kill-bill-that-would-ban-
dumping-raw-sewage-into-canadian-waters/
Water- https://www.slideshare.net/paulyoungcga/water-management-water-crisis-world-october-2021

16. WHAT WAS MISSING
• No Pharmacare - https://globalnews.ca/news/8743537/canada-budget-2022-inflation-rent-pharmacare-
defence-missing/
• Pharmacare would be very costly to implement -
PRESENTATION TITLE 2/11/20XX 16
“The federal government is out of excuses: It’s time to get serious about pharmacare”
https://www.canadianmanufacturing.com/features/the-federal-government-is-out-of-excuses-its-time-to-get-
serious-about-pharmacare/
The program with this article is there no focus on various government drug programs that need to be
consolidated. There also needs to be focus on made in Canada solutions related to drug development.
My work - https://www.slideshare.net/paulyoungcga/biotech-and-pharmaceutical-september-2021

17. TACKLING INFLATION
PRESENTATION TITLE 2/11/20XX 17
Summary:
Canada inflation is now at 5.7% the highest level in
over 40 years
The average price of a house is now over 812K
Household debt is at all-time high
Source - https://www.nasdaq.com/articles/canada-
annual-inflation-rate-accelerates-to-5.7-in-february

18. BANK TAX
PRESENTATION TITLE 2/11/20XX 18
Lower pension returns due to the new financial
services tax
High housing costs
Structural deficits
Higher and new taxes
Slow GDP growth
https://www.slideshare.net/paulyoungcga/household-
spending-savings-and-income-income-inequality-
pptx

19. SUMMARY
• Canada still has no path to a balanced budget
• The government is doing a program review. My concerns are that many Auditor-General, PBO, and other
governance entities reports have been ignored by Trudeau and his team
• Trudeau never had the answer for slow growth. Trudeau decided to focus on big government and little else in
terms of economic policies - https://www.slideshare.net/paulyoungcga/failure-of-trudeaunomics-april-2022pptx
• Trudeau housing policies after the budget still do little to address affordability
• Trudeau job strategies does little to address competitiveness in areas like productivity, innovation, and skills
gap
• More emphasis needed on addressing issues with program spending including more value for money audits.
• Trudeau throwing out dental care without properly consulting the provinces is going to be a disaster
• Trudeau green policies have never look at all angles of climate change
• Trudeau team lack a job strategy. Many job vacancies pay less than the average wage
• Bond agencies likely will put Trudeau on watch due to his high deficit and debt levels
• No discussion on hiking GST. GST hike of 1% would raise about $5B per year.
PRESENTATION TITLE 2/11/20XX 19
Blog – Budget 2022 – Path Forward for Canada – Fiscal and Economic Management
FY22_23 Getting the
“House” in Order.pdf
fedbudget_2022.pdf Liberals kill bill that
would ban dumping raw sewage into Canadian waters True North.pdf
Inflation action and
help for renters Here’s what’s missing from Budget 2022 - National Globalnews.ca.pdf
Budget 2022 4 things
that will affect your pocketbook - National Globalnews.ca.pdf
Federal budget Bank
tax could hurt competitiveness, CIBC says CTV News.pdf
Canada cuts bond
issuance as quantitative tightening nears Reuters.pdf
Canada Must Remain
Focused on Competitiveness and Economic Growth OCC.pdf
Liberals to 'go
further' targeting high-income earners with budget's new minimum income tax National Post.pdf
9 things you need to
know from the federal budget - BNN Bloomberg.pdf
A ‘perfect, terrible
storm’ fertilizer costs cutting into high returns on agricultural commodities.pdf
$3.8B Commitment in
2022 Budget Significantly Enhances Canadian Mining Industry's Ability to Provide the
CANADIAN STEEL
PRODUCERS ASSOCIATION WELCOMES TRADE REMEDY IMPROVEMENTS IN BUDGET 2022.pdf
Canada pledges $2
billion to fix and maintain immigration system - Orillia News.pdf
2022 FEDERAL
BUDGET MANUFACTURERS WELCOME MEASURES TO STIMULATE INNOVATION AND INVESTMENT AND STRENGTHEN SUPPLY CHAINS — CME.pdf
Federal budget a
missed opportunity to help small businesses recover from COVID CFIB CFIB.pdf
ca-2022-federal-bud
get-highlights.pdf
2022 budget leaves
dairy farmers wanting, says DFC Dairy Farmers of Canada.pdf
More $$ for
agricultural climate programs, school food policy, and renewed funding for superclusters the federal budget through an agricultural lens – RealAgriculture.pdf
Philip Cross Those
'working hard to join' the middle class betrayed by Liberal budget contradictions Financial Post.pdf
Better Dwelling -
Canada’s Fastest Growing Real Estate News Source.pdf
Federal budget 2022
Liberals set to spend oil windfall on social, climate programs Financial Post.pdf
Federal Budget 2022
What’s in it for the innovation economy - The Logic.pdf
News FCM statement
on the 2022 federal budget.pdf
Budget 2022 Liberals
will put $15B toward new business investment fund - National Globalnews.ca.pdf
Summary
The rent-own program is poorly constructed plan to address affordable housing?
The super clusters have been a failure. So, why more money for them?
Productivity was not addressed
High inflation was not addressed
1. Moody’s and Standard and Poor’s - https://www.reuters.com/article/canada-budget-debt-
idCAL2N2VZ1XI
2. Canada and slow GDP growth - https://occ.ca/mediareleases/canada-must-remain-focused-on-
competitiveness-and-economic-growth/
3. High income tax - https://nationalpost.com/news/politics/tax-federal-budget-2022
4. Carbon tax credit - https://www.bnnbloomberg.ca/9-things-you-need-to-know-from-the-
federal-budget-1.1749320
5. Farm input costs - https://www.wellingtonadvertiser.com/a-perfect-terrible-storm-fertilizer-
costs-cutting-into-high-returns-on-agricultural-commodities/
6. It took the government over 6 years to define a critical metal strategy -
https://finance.yahoo.com/news/3-8b-commitment-2022-budget-003800604.html. There are
many issues facing critical metals including developing the mines, environment (Tailing ponds),
refinement, and fabrication. China and Russia still exert a lot of control over critical metals.