While shelter (+4.4%) and transportation (+5.6%) prices contributed the most to the all-items increase, prices rose at a slower pace in four of the eight major components on a year-over-year basis in June. The headline CPI grew at a slower pace compared with May due in part to a slowdown in price growth for goods. Growth slowed the most in the clothing and footwear component, mostly due to lower prices for women's clothing Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210728/dq210728a-eng.htm 1. Food Prices - https://www.citynews1130.com/2021/07/21/canada-food-prices-rise-2021/ 2. Gasoline Prices - https://www.globalpetrolprices.com/Canada/gasoline_prices/ 3. Era of affordable housing are now gone - https://www.theglobeandmail.com/investing/personal-finance/article-even-if-prices-fall-the-era-of-affordable-houses-in-canada-seems-to-be/ 4. Commodity price - https://www.bloomberg.com/markets/commodities 5. Higher EV prices - https://www.wsj.com/articles/ev-batteries-the-next-victim-of-high-commodity-prices-11626950276 6. Restaurant prices - https://www.blogto.com/eat_drink/2021/07/toronto-restaurant-raising-prices-step-3/ 7. Income taxes and innovation - https://financialpost.com/opinion/jack-m-mintz-to-kill-innovation-raise-personal-taxes 8. Tax and poverty - https://www150.statcan.gc.ca/n1/daily-quotidien/210323/dq210323a-eng.htm 9. Encampment - https://www.cbc.ca/news/canada/toronto/residents-moss-park-permanent-housing-brute-force-city-toronto-homelessness-1.6087106 10. Poverty - https://www.tamarackcommunity.ca/latest/updates-to-canadas-official-poverty-line-and-the-dimensions-of-poverty-hub

1. Cost of Living in
Canada – June
2021
Paul Young CPA CGA
July 28, 2021

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• 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: 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

3. Agenda
• Consumer Price Index
• Housing Price Index
• Housing Prices
• Household Debt to Income
• Carbon Taxation
• Cdns above the average wage
• Cable and Satellite Pricing Index
• Lumber Prices
• Summary

4. Introduction
• The liberal ran on a platform saying they would make things more
affordable. This presentation discuss key policy changes as part of
people assessing did the Liberals make lives either more affordable
or less affordable

5. Inflation / Canada
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210728/dq210728a-eng.htm

6. Overall Cost of living by major area

7. Housing Price Index
• - cost of materials
• - availability of land
• - urban vs rural strategy
• - cost of living
• - Wage growth
•
• The average house in Canada is now over $721K.
• Wage’s growth is not keeping pace with the cost
of housing.
• Canada housing prices are overvalued. There is
a risk of the bubble bursting!
• https://www.slideshare.net/paulyoungcga/hous
ing-cost-of-home-ownership-canada-and-the-usa-
march-2021
(Revised April 20, 2021)
Source - https://tradingeconomics.com/canada/housing-index

8. Consumer Price Index
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190717/dq190717a-eng.htm or
https://www150.statcan.gc.ca/n1/daily-quotidien/210519/dq210519a-eng.htm
• The Liberals pushed a carbon tax onto
taxpayers by adding a carbon tax to price
of a liter.
• Inflation on average is about 1.9% which is
consistent with the past 17+ years
• Wage growth has at times not kept pace
with inflation –
• Government does set policies that impact
inflation
• Payroll taxes
• Income tax rates
• Regulations
• Hydro rates
• Carbon tax moving to $170/ton by 2030 -
https://www2.slideshare.net/paulyoungc
ga/truth-carbon-emissions-and-carbon-
taxes-canada
• There are many factors that impact
inflation that are outside of government
control
• Commodity Prices
• Wage increases (Private Sector)

9. Household Costs / Carbon Pricing CAN environmental ranking has dropped one position under
your watch
No where do you mentioned either the dumping of sewage into
waterways or the impact of cruise ships.
No where do you mentioned that carbon tax hurts family
$1K+/yr (ex-tax credit)
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019
@cathmckenna
You allow sewage into waterways
Cruise ship have emissions issues
Oil is going by rail
Canada already taxed pollution way before your carbon tax
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019

10. Carbon Tax
Source – Fraser Institute

11. Average Wages / Canada

12. Lumber Cost
Source - https://www.canadianmanufacturing.com/operations/new-record-wood-product-prices-boost-shares-and-estimates-for-canadian-producers-259279/ or
https://www.slideshare.net/paulyoungcga/forestry-management-environment-sustainable-practices or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-243761063

13. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning, and
development then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA

14. What’s next
• Removing the carbon tax
• All levels of government need to stop looking for ways to tax people
and start fixing issues with the tax code as well as finding better
ways to deliver government -
https://www.slideshare.net/paulyoungcga/2019-election-fiscally-
responsible-government-canada-september-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-tax-
reforms-and-fairness-canada-september-2019
• Fixing policies that will ensure Canada is more competitive when it
comes to attracting FDI -
https://www.slideshare.net/paulyoungcga/2019-election-canada-
competitivenes-september-2019
• All governments along with the private sector need to fix the
systemic issues with housing -
https://www.slideshare.net/paulyoungcga/2019-election-housing-
affordability-canada-june-2019
• All levels of government along with private sector need to work
together as part of address the skill gap issues -
https://www.slideshare.net/paulyoungcga/2019-election-human-
capital-and-skills-management-canada-september-2019
• Post-Covid19 - https://www.slideshare.net/paulyoungcga/whats-
next-for-canada-post-covid19
• Fixing issues plaguing the goods-producing sector -
https://www.slideshare.net/paulyoungcga/how-to-address-issues-
facing-getting-goods-to-market
• Circular Economy - https://www.slideshare.net/paulyoungcga/how-
to-best-support-a-circular-economy