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DON’T BE FOOL BY
MARKETING OF JUSTIN
TRUDEAU
PAUL YOUNG CPA, CGA
JUNE 24, 2017
ELECTIONS
• Elections should be about policies.
• Liberals are very good at marketing Trudeau with both his looks and personality as way to attract voters
• Liberals avoid answering tough questions as they do not want to be on record for their answers
MARKETING TRUDEAU
• https://www.youtube.com/watch?v=LxOGUs_BRKw
MARKETING LEADERS
• PM do not just show up to events
due to security issues
• Liberal Party markets Trudeau as
way to gain votes with people really
don’t read policies
JUSTIN TRUDEAU PHOTO BOMB / PROM
• http://www.macleans.ca/politics/no-trudeau-didnt-photobomb-those-prom-kids/
JUSTIN TRUDEAU AND ANDREW SCHEER
• https://www.youtube.com/watch?v=wt9cJyNMW38
TRUDEAU WITH KELLY AND RYAN
• http://www.torontosun.com/2017/06/05/live-with-kelly-and-ryan-not-trudeaus-finest-moment
JUSTIN TRUDEAU - TOUR
• http://globalnews.ca/news/3371272/justin-trudeaus-townhall-tour-cost-taxpayers/
Prime Minister Justin Trudeau‘s campaign-style cross-country tour to reconnect with Canadians
cost taxpayers $131,917.51, according to documents tabled this week in the House of
Commons.
In January, Trudeau visited New Brunswick, Nova Scotia, Quebec, Ontario, Manitoba,
Saskatchewan and Alberta to hold town halls and make casual stops at coffee shops. A cost
breakdown shows just under $35,000 was spent on travel and the rest on audio-visual and
media equipment.
LIBERAL PARTY OF CANADA ELECTION MANDATE
AGENDA
• Family Tax Benefit
• Middle Class
• Honesty and Integrity
• Modest deficits
• Marijuana legalization
• Infrastructure funding
• Foreign Aid
• Help for Seniors
• CPP Enhancement
• Working relations with the Provinces
• GDP
• Employment
KEY PLANKS
INCOME BRACKET / $45,282
• Who makes under $45,282?
• Accommodation and food Services
• Healthcare/social services
• Other services sectors
• Part-time jobs
INCOME TAX BRACKET ($45,282 – $90,563)
• Majority of the Canadians
• Goods Producing
• Service Sector
LIBERAL TAX CUT
LIBERAL / JUSTIN TRUDEAU - TAX SAVINGS / EXAMPLE
• Elimination of tax credits
means more taxes for the
government
• EI and CPP are payroll taxes
as such reduced your after
tax income
• Carbon Taxes bump up the
price of consumer goods and
Utility costs
• Transit Tax Credit gone
• Liberals tax cut saved
money, but that money will
be lost through higher
payroll taxes, carbon tax and
the elimination of tax credits
PEOPLE MAKING UNDER 45,282
• No Tax cut
• Hikes to EI and CPP are planned
• Elimination of the Transit tax credit or about $800 savings per year gone in 2017
ELIMINATION OF TAX LOOPHOLES
Comments:
• Elimination of the boutique and educational tax credits -
http://www.huffingtonpost.ca/cleo-hamel/federal-budget-child-
benefits_b_9558180.html
• TFSA moved back to 5,000 from 10,000 -
http://www.slideshare.net/paulyoungcga/pensions-for-canada-analysis-june-17-
2016
• Elimination of principal residency for property held in trust - http://www.cra-
arc.gc.ca/gncy/bdgt/2016/qa12-eng.html (Based on residency status)
• Crackdown on evasion - http://news.gc.ca/web/article-en.do?nid=1049689
FAMILY TAX BENEFIT
Source: http://www.cbc.ca/news/politics/calculator-canada-child-benefit-1.3504399
Issues:
• Where is the incentive to expand beyond 30,000
income
• Latest Retail Sales for August 2016 showed many
people were using the family tax benefit to pay down
debt or for savings Source:
http://www.slideshare.net/paulyoungcga/retail-
sales-canada-august-2016
• What about the impact of other government policies?
• CPP hikes
• Carbon Tax/Pricing
• Hydro Rates
POVERTY LEVELS / CANADA
• Family Tax Benefit will reduced poverty levels
• How?
• Income
• Wages have become stagnated - http://www.slideshare.net/paulyoungcga/wages-and-
employment-canada-july-2016
• Part-Time jobs are growing faster than full-time jobs
• Good producing sector continues to bleed jobs
• Source: http://www.slideshare.net/paulyoungcga/government-policies-labour-market-
canada-67545343
• Household spending
• Sheltering and Food account for over 41% of the household spending -
http://www.statcan.gc.ca/daily-quotidien/160212/dq160212a-eng.htm
MIDDLE CLASS
Key Comment:
• Treasury to be drained by $1.4B – Source - http://www.cbc.ca/news/politics/liberal-tax-drain-100-
million-1.3413516
• Taxing the richest - http://www.cbc.ca/news/canada/new-brunswick/higher-taxes-on-rich-may-miss-
revenue-targets-experts-say-1.3031842 or https://www.youtube.com/watch?v=pICUvNi95AY
• – Canada is still one of the best countries in the world -
http://news.nationalpost.com/news/canada/canada-named-the-country-with-the-best-reputation-by-
global-survey-again or https://ca.news.yahoo.com/blogs/dailybrew/canada-tops-the-world-as-most-
reputable-country-021908756.html or http://www.slideshare.net/paulyoungcga/middle-class-and-
quality-of-life-canada
HONEST AND INTEGRITY WITH FINANCIAL NUMBERS
• Fundraising on the public dime -
http://www.therebel.media/innovations_minister_s_funding_announcements_follow_liberal_fundrai
sers
• Limo rides - https://www.thestar.com/news/canada/2016/08/18/limo-company-used-by-health-
minister-for-1700-ride-offers-refund-to-taxpayers.html
• Moving Expenses - https://www.thestar.com/news/canada/2016/09/23/liberals-try-to-turn-tables-
say-harpers-tories-paid-out-325k-in-relocation-expenses.html
• Climate Change - http://www.theglobeandmail.com/news/politics/canada-commits-265-billion-to-
climate-change-funding/article27507453/
• Trudeau and Wynne campaigning - http://ipolitics.ca/2016/02/14/trudeau-and-wynne-may-be-
getting-too-cozy-for-their-own-good/
• Trudeau and Nanny - http://www.cbc.ca/news/politics/trudeau-nannies-employment-1.3620702
• MP Renovation Cost - http://www.cbc.ca/news/politics/sohi-infrastructure-minister-office-
renovations-debate-1.3634811
MODEST DEFICITS
Comments:
• The country is on track to run a deficit of C$34 billion ($25.7 billion) in the current fiscal year,
almost C$5 billion more than forecast in the government’s March budget, the report calculated.
Over the next five years, Canadian deficits are tracking C$16 billion more than forecast. Source:
http://www.bloomberg.com/news/articles/2016-10-13/td-expects-canada-to-run-bigger-deficits-
than-trudeau-budgeted
MARIJUANA LEGALIZATION
Comments:
• Enforcement issues - http://www.theglobeandmail.com/news/national/canadian-cities-challenged-by-
ottawas-pot-plan-vancouver-mayor/article32204568/
• Violations of international treaties - http://www.cbc.ca/news/politics/marijuana-legalization-pot-anti-
drug-treaties-1.3780661
INFRASTRUCTURE FUNDING
Provincial dilly-dallying over eligibility and fine-print details has held up money for several provinces,
including Ontario, Alberta and Nova Scotia Source:
http://www.canadianmanufacturing.com/regulation/billions-dollars-infrastructure-spending-yet-start-
flowing-173930/
FOREIGN AID
Comments:
• Expectations were low, but the federal budget released on March 22 provides little concrete encouragement in
the area of international development. In a section ambitiously titled “Restoring and Renewing International
Assistance,” the government commits to increasing the International Assistance Envelope (IAE) by $256 million
over two years – mere peanuts in relation to its other initiatives.
• The Harper government’s IAE reached $5 billion six years ago in 2010–11 and the Trudeau government does
not plan to even match that level until next year. If we take into account inflation, the Liberals are further still
from the modest goal of “restoring” foreign aid levels, which the Conservatives slashed in recent years. -
Source: http://www.cips-cepi.ca/2016/03/24/budget-2016-postponing-decisions-on-canadas-foreign-aid/
• Foreign Aid oversight - http://www.slideshare.net/paulyoungcga/why-does-foreign-aid-fail-to-help-poor-
countries-59777482
HELP FOR SENIORS
• GIS improvements or $947/year (Targeted low income seniors) -
http://www.benefitscanada.com/news/budget-2016-changes-to-oas-and-gis-benefits-78787
• Issue hurting seniors
• Hydro costs hurting seniors
• Proposed carbon taxation will eat into household spending
• Drug/prescriptions
• De-listing of OHIP Services
CPP ENHANCEMENT
• Contribution rate to go from 4.95% to 5.95 -
https://www.sunlife.ca/Canada/GRS+matters/GRS+matters+articles/2016/Breaking+News/Consensus+r
eached+on+CPP+enhancement+good+bye+ORPP?vgnLocale=en_CA
• Impact to business
• Financial burden to business which can make them less competitive to their peers elsewhere in the world -
http://www.bnn.ca/cfib-calls-for-delay-on-final-agreement-of-cpp-changes-citing-need-for-more-analysis-1.521851
WORKING RELATIONS WITH THE PROVINCES
• After nearly a decade of a prime minister notorious for public tussles with premiers who challenged his policies,
Canada's provincial leaders reacted Tuesday to the electoral victory of a Liberal leader who has promised to
work harmoniously to advance their interests.
• During his time as prime minister, outgoing Prime Minister Stephen Harper was not shy about aggressively
engaging premiers who spoke out against his government and displayed an outward contempt for first
ministers' meetings. http://www.cbc.ca/news/politics/justin-trudeau-s-majority-greeted-with-optimism-by-
provincial-premiers-1.3280093
Issues facing the Premiers and lack of meeting with Prime Minister
• Carbon taxation - http://www.producer.com/2016/10/carbon-tax-not-part-of-new-sask-climate-change-plan/ or
http://www.slideshare.net/paulyoungcga/climate-change-policies-cap-and-trade-emissions-carbon-tax-carbon-
pricing-canada
• Healthcare accord - http://www.cbc.ca/news/politics/premiers-trudeau-health-care-1.3782875
GDP GROWTH
• Scotiabank RBC – March 28, 2017
SUMMARY - OVERALL
Source – Stats Canada – March 10, 2017
Comment:
• Public Sector grew employment by 65,000
Government spending not sustainable – Financial Post – June
28, 2016
EMPLOYMENT BY SECTOR
Source – Stats Canada – March 10, 2017
BROKEN PROMISES
• http://globalnews.ca/news/3009595/justin-trudeau-campaign-promises-kept-broken/

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Don’t be fool by marketing of Justin Trudeau

  • 1. DON’T BE FOOL BY MARKETING OF JUSTIN TRUDEAU PAUL YOUNG CPA, CGA JUNE 24, 2017
  • 2. ELECTIONS • Elections should be about policies. • Liberals are very good at marketing Trudeau with both his looks and personality as way to attract voters • Liberals avoid answering tough questions as they do not want to be on record for their answers
  • 4. MARKETING LEADERS • PM do not just show up to events due to security issues • Liberal Party markets Trudeau as way to gain votes with people really don’t read policies
  • 5. JUSTIN TRUDEAU PHOTO BOMB / PROM • http://www.macleans.ca/politics/no-trudeau-didnt-photobomb-those-prom-kids/
  • 6. JUSTIN TRUDEAU AND ANDREW SCHEER • https://www.youtube.com/watch?v=wt9cJyNMW38
  • 7. TRUDEAU WITH KELLY AND RYAN • http://www.torontosun.com/2017/06/05/live-with-kelly-and-ryan-not-trudeaus-finest-moment
  • 8. JUSTIN TRUDEAU - TOUR • http://globalnews.ca/news/3371272/justin-trudeaus-townhall-tour-cost-taxpayers/ Prime Minister Justin Trudeau‘s campaign-style cross-country tour to reconnect with Canadians cost taxpayers $131,917.51, according to documents tabled this week in the House of Commons. In January, Trudeau visited New Brunswick, Nova Scotia, Quebec, Ontario, Manitoba, Saskatchewan and Alberta to hold town halls and make casual stops at coffee shops. A cost breakdown shows just under $35,000 was spent on travel and the rest on audio-visual and media equipment.
  • 9. LIBERAL PARTY OF CANADA ELECTION MANDATE
  • 10. AGENDA • Family Tax Benefit • Middle Class • Honesty and Integrity • Modest deficits • Marijuana legalization • Infrastructure funding • Foreign Aid • Help for Seniors • CPP Enhancement • Working relations with the Provinces • GDP • Employment
  • 12. INCOME BRACKET / $45,282 • Who makes under $45,282? • Accommodation and food Services • Healthcare/social services • Other services sectors • Part-time jobs
  • 13. INCOME TAX BRACKET ($45,282 – $90,563) • Majority of the Canadians • Goods Producing • Service Sector
  • 15. LIBERAL / JUSTIN TRUDEAU - TAX SAVINGS / EXAMPLE • Elimination of tax credits means more taxes for the government • EI and CPP are payroll taxes as such reduced your after tax income • Carbon Taxes bump up the price of consumer goods and Utility costs • Transit Tax Credit gone • Liberals tax cut saved money, but that money will be lost through higher payroll taxes, carbon tax and the elimination of tax credits
  • 16. PEOPLE MAKING UNDER 45,282 • No Tax cut • Hikes to EI and CPP are planned • Elimination of the Transit tax credit or about $800 savings per year gone in 2017
  • 17. ELIMINATION OF TAX LOOPHOLES Comments: • Elimination of the boutique and educational tax credits - http://www.huffingtonpost.ca/cleo-hamel/federal-budget-child- benefits_b_9558180.html • TFSA moved back to 5,000 from 10,000 - http://www.slideshare.net/paulyoungcga/pensions-for-canada-analysis-june-17- 2016 • Elimination of principal residency for property held in trust - http://www.cra- arc.gc.ca/gncy/bdgt/2016/qa12-eng.html (Based on residency status) • Crackdown on evasion - http://news.gc.ca/web/article-en.do?nid=1049689
  • 18. FAMILY TAX BENEFIT Source: http://www.cbc.ca/news/politics/calculator-canada-child-benefit-1.3504399 Issues: • Where is the incentive to expand beyond 30,000 income • Latest Retail Sales for August 2016 showed many people were using the family tax benefit to pay down debt or for savings Source: http://www.slideshare.net/paulyoungcga/retail- sales-canada-august-2016 • What about the impact of other government policies? • CPP hikes • Carbon Tax/Pricing • Hydro Rates
  • 19. POVERTY LEVELS / CANADA • Family Tax Benefit will reduced poverty levels • How? • Income • Wages have become stagnated - http://www.slideshare.net/paulyoungcga/wages-and- employment-canada-july-2016 • Part-Time jobs are growing faster than full-time jobs • Good producing sector continues to bleed jobs • Source: http://www.slideshare.net/paulyoungcga/government-policies-labour-market- canada-67545343 • Household spending • Sheltering and Food account for over 41% of the household spending - http://www.statcan.gc.ca/daily-quotidien/160212/dq160212a-eng.htm
  • 20. MIDDLE CLASS Key Comment: • Treasury to be drained by $1.4B – Source - http://www.cbc.ca/news/politics/liberal-tax-drain-100- million-1.3413516 • Taxing the richest - http://www.cbc.ca/news/canada/new-brunswick/higher-taxes-on-rich-may-miss- revenue-targets-experts-say-1.3031842 or https://www.youtube.com/watch?v=pICUvNi95AY • – Canada is still one of the best countries in the world - http://news.nationalpost.com/news/canada/canada-named-the-country-with-the-best-reputation-by- global-survey-again or https://ca.news.yahoo.com/blogs/dailybrew/canada-tops-the-world-as-most- reputable-country-021908756.html or http://www.slideshare.net/paulyoungcga/middle-class-and- quality-of-life-canada
  • 21. HONEST AND INTEGRITY WITH FINANCIAL NUMBERS • Fundraising on the public dime - http://www.therebel.media/innovations_minister_s_funding_announcements_follow_liberal_fundrai sers • Limo rides - https://www.thestar.com/news/canada/2016/08/18/limo-company-used-by-health- minister-for-1700-ride-offers-refund-to-taxpayers.html • Moving Expenses - https://www.thestar.com/news/canada/2016/09/23/liberals-try-to-turn-tables- say-harpers-tories-paid-out-325k-in-relocation-expenses.html • Climate Change - http://www.theglobeandmail.com/news/politics/canada-commits-265-billion-to- climate-change-funding/article27507453/ • Trudeau and Wynne campaigning - http://ipolitics.ca/2016/02/14/trudeau-and-wynne-may-be- getting-too-cozy-for-their-own-good/ • Trudeau and Nanny - http://www.cbc.ca/news/politics/trudeau-nannies-employment-1.3620702 • MP Renovation Cost - http://www.cbc.ca/news/politics/sohi-infrastructure-minister-office- renovations-debate-1.3634811
  • 22. MODEST DEFICITS Comments: • The country is on track to run a deficit of C$34 billion ($25.7 billion) in the current fiscal year, almost C$5 billion more than forecast in the government’s March budget, the report calculated. Over the next five years, Canadian deficits are tracking C$16 billion more than forecast. Source: http://www.bloomberg.com/news/articles/2016-10-13/td-expects-canada-to-run-bigger-deficits- than-trudeau-budgeted
  • 23. MARIJUANA LEGALIZATION Comments: • Enforcement issues - http://www.theglobeandmail.com/news/national/canadian-cities-challenged-by- ottawas-pot-plan-vancouver-mayor/article32204568/ • Violations of international treaties - http://www.cbc.ca/news/politics/marijuana-legalization-pot-anti- drug-treaties-1.3780661
  • 24. INFRASTRUCTURE FUNDING Provincial dilly-dallying over eligibility and fine-print details has held up money for several provinces, including Ontario, Alberta and Nova Scotia Source: http://www.canadianmanufacturing.com/regulation/billions-dollars-infrastructure-spending-yet-start- flowing-173930/
  • 25. FOREIGN AID Comments: • Expectations were low, but the federal budget released on March 22 provides little concrete encouragement in the area of international development. In a section ambitiously titled “Restoring and Renewing International Assistance,” the government commits to increasing the International Assistance Envelope (IAE) by $256 million over two years – mere peanuts in relation to its other initiatives. • The Harper government’s IAE reached $5 billion six years ago in 2010–11 and the Trudeau government does not plan to even match that level until next year. If we take into account inflation, the Liberals are further still from the modest goal of “restoring” foreign aid levels, which the Conservatives slashed in recent years. - Source: http://www.cips-cepi.ca/2016/03/24/budget-2016-postponing-decisions-on-canadas-foreign-aid/ • Foreign Aid oversight - http://www.slideshare.net/paulyoungcga/why-does-foreign-aid-fail-to-help-poor- countries-59777482
  • 26. HELP FOR SENIORS • GIS improvements or $947/year (Targeted low income seniors) - http://www.benefitscanada.com/news/budget-2016-changes-to-oas-and-gis-benefits-78787 • Issue hurting seniors • Hydro costs hurting seniors • Proposed carbon taxation will eat into household spending • Drug/prescriptions • De-listing of OHIP Services
  • 27. CPP ENHANCEMENT • Contribution rate to go from 4.95% to 5.95 - https://www.sunlife.ca/Canada/GRS+matters/GRS+matters+articles/2016/Breaking+News/Consensus+r eached+on+CPP+enhancement+good+bye+ORPP?vgnLocale=en_CA • Impact to business • Financial burden to business which can make them less competitive to their peers elsewhere in the world - http://www.bnn.ca/cfib-calls-for-delay-on-final-agreement-of-cpp-changes-citing-need-for-more-analysis-1.521851
  • 28. WORKING RELATIONS WITH THE PROVINCES • After nearly a decade of a prime minister notorious for public tussles with premiers who challenged his policies, Canada's provincial leaders reacted Tuesday to the electoral victory of a Liberal leader who has promised to work harmoniously to advance their interests. • During his time as prime minister, outgoing Prime Minister Stephen Harper was not shy about aggressively engaging premiers who spoke out against his government and displayed an outward contempt for first ministers' meetings. http://www.cbc.ca/news/politics/justin-trudeau-s-majority-greeted-with-optimism-by- provincial-premiers-1.3280093 Issues facing the Premiers and lack of meeting with Prime Minister • Carbon taxation - http://www.producer.com/2016/10/carbon-tax-not-part-of-new-sask-climate-change-plan/ or http://www.slideshare.net/paulyoungcga/climate-change-policies-cap-and-trade-emissions-carbon-tax-carbon- pricing-canada • Healthcare accord - http://www.cbc.ca/news/politics/premiers-trudeau-health-care-1.3782875
  • 29. GDP GROWTH • Scotiabank RBC – March 28, 2017
  • 30. SUMMARY - OVERALL Source – Stats Canada – March 10, 2017 Comment: • Public Sector grew employment by 65,000 Government spending not sustainable – Financial Post – June 28, 2016
  • 31. EMPLOYMENT BY SECTOR Source – Stats Canada – March 10, 2017

Editor's Notes

  1. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil130a-eng.htm
  2. 1. Poverty Levels
  3. 1. https://www.fraserinstitute.org/sites/default/files/an-introduction-to-the-state-of-poverty-in-canada.pdf
  4. https://www.liberal.ca/realchange/marijuana/
  5. 1, http://www.rbc.com/economics/economic-reports/pdf/other-reports/Canadaeconomy_Mar2017.pdf
  6. http://www.heritage.org/budget-and-spending/report/causes-the-federal-governments-unsustainable-spending http://business.financialpost.com/news/economy/canadas-government-spending-is-now-on-unsustainable-path-warns-pbob