“Wages continue to struggle to keep pace with inflation” Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190829/dq190829a-eng.htm

1. WAGES – CANADA –
AUGUST 2019
PaulYoung CPA CGA
October 5, 2019

2. PaulYoung - Bio
• CPA, CGA
• Financial Solutions – FOPM and FPM
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
■ Wages Growth (CPC vs LPC)
■ Wages
■ Job Quality andWages
■ Employment – Natural Resources
■ MiddleClass
■ 2017 Income by Province
■ Wages – Blog
■ MiddleClass – Blog
■ Poverty / Blog

4. Introductory
“Wages continue to struggle to keep pace with inflation”
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190829/dq190829a-eng.htm

5. Wage Growth – LPC vs CPC

6. Job Quality andWages

7. EMPLOYMEN
T – NATURAL
RESOURCES
Source – Stats Canada

8. MIDDLE CLASS
Source – Stats Canada
https://www.youtube.com/watch?v=QgbHWFgmSfQ
You do not hike CPP, introduce carbon tax, remove tax credits and then say you are supporting the middle class
https://www.theglobeandmail.com/business/commentary/article-middle-class-increasingly-feeling-the-squeeze-oecd-report-says/
or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
https://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-pbo/
“Another gift to the government in the report was that the PBO found that in relative terms — lower income Canadians earning
between $12,200 and $23,300 benefited the most, increasing their after-tax income by four per cent.”
Trudeau never had the answers for the middle class - https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau

9. INCOME BY
PROVINCE
Source – Stats Canada

10. Wages / Blog
■
■ https://www.msn.com/en-ca/money/topstories/central-bank-offers-reasons-behind-weak-wages/ar-
BBT0ENS?ocid=spartanntp
■ “In aToronto speech, senior deputy governor CarolynWilkins said weaker wage growth in energy-producing provinces
since the 2014 oil-price slump has dragged down national numbers.
■ But she said even after accounting for these factors, wages have fallen short of where they should be in a tightened job
market that has seen Canada's unemployment rate drop to a 43-year low.
■ "This is particularly puzzling when you consider what businesses are telling us about how hard it is to fill jobs," Wilkins
told theToronto Region Board ofTrade.
■ "As far as I can tell, no one has found a smoking gun," she said of the search for an explanation.
■
1. Companies based wage growth on many factors like profit margins, performance, etc.
2. Liberals have hike CPP rates which eat into payroll related costs
3. Canada has lost FDI! https://www.slideshare.net/paulyoungcga/business-competitiveness-canada

11. Middle Class - Blog
■ The top 1% pay 20% of the income tax. We need to stop thinking this is about taxing rich more because it is
not! = https://www.slideshare.net/paulyoungcga/wealthiest-income-analysis-and-commentary-canada-2017
or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
■ Nowhere does this article ever deal with cost and size of govt. It is time to re-look at how services are delivery
including the costing model. https://www.slideshare.net/paulyoungcga/funding-and-economic-issues-ontario
or https://www.slideshare.net/paulyoungcga/value-for-money-and-comprehensive-auditing-all-you-need-to-
know
■ http://www.cfo.com/the-economy/2019/04/governments-must-act-to-ease-middle-class-
squeeze/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content=CFODailyAlert_Thursday_2019-4-11&utm_term=the-economy

12. Middle Class
■ https://www.liberal.ca/standing-up-for-middle-class-families/
■ You do not stand up for the middle class.Can you show me how the middle class ranks
under your govt? I know in 2014 is when Canada had one of the best middle class -
https://www.slideshare.net/paulyoungcga/middle-class-are-you-better-off-in-2019-
canada
BTW: doing these type of tweets does not make them right!

13. Top 1%
@justintrudeau policies to tax the rich has had mixed results – “The overall effective tax rate, however, for
those in the top one per cent declined to 30.9 per cent in 2017, down from 31.3 per cent the year before, the
study says.” PQ led the charge (Who is the Premier https://www.ctvnews.ca/canada/canada-s-top-1-per-cent-
saw-fastest-income-acceleration-overall-decrease-in-taxes-1.4609196 or
https://www.slideshare.net/paulyoungcga/taxing-the-top-1-and-wealth-distribution

14. Poverty
@jyduclos
What does the graph tell you? It tells you that @stephenharper also seen a major drop in poverty with less
population growth. You have more population growth so the 800K+ drop is very misleading!
https://nationalpost.com/pmn/news-pmn/canada-news-pmn/baloney-meter-how-deep-does-the-canada-child-
benefit-cut-child-poverty-rates
https://www.slideshare.net/paulyoungcga/2019-election-poverty-and-income-inequality-august-2019

15. What’s next
■ Next government needs to focus on tax fairness -
https://www.slideshare.net/paulyoungcga/2019-election-taxation-reforming-the-ita-and-
shutting-down-tax-havens
■ Next government need to have more balance approach to the economy including embracing
technological solutions - https://www.slideshare.net/paulyoungcga/2019-election-
technology-sector-canada-may-2019
■ Resolving Trade issues - https://www.slideshare.net/paulyoungcga/2019-election-foreign-
affairs-and-trade-canada-june-2019
■ Next government needs to take hard look at skills gap including better programs to align
people with jobs in demand –
– OSSTF and EFTO need to take some of the blame as they are not directing students in
areas where there are open job opportunities.
https://www.slideshare.net/paulyoungcga/education-skills-and-development-human-
capital-management-canada-may-2019 or
https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management
■ Next government needs to focus on making Canada open for business –
– More regulations – C69 - https://www.cbc.ca/news/politics/tasker-kenney-bill-c69-
amendments-1.5147516
– Trudeau decided to hike CPP - https://www.cfib-fcei.ca/en/media/2019-cpp-increase-
isnt-worth-pain-small-businesses
– Small business tax reforms - https://www.bdo.ca/en-ca/insights/tax/tax-
articles/implications-of-the-governments-tax-changes-on-the-technology-sector/
– Trudeau is not focusing investment on getting goods to market -
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-
investment-canada
– Trudeau environmental ranking is also nothing to brag about as it is on par with Harper
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-
2019 or https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-
canada-may-2019