This is allot spinning of information when it comes to the government. In many cases various government like spin facts to show they are doing a good job when they are not!

1. DEBT TO GDP AND
GOVERNMENT
DEFICITS – CANADA -
TRUTH
BY: PAUL YOUNG CPA, CGA
DATE: DECEMBER 16, 2017

2. SUMMARY
• Key measurement for a country is Debt-to-GDP. Canada has one of the lowest Debt-to-
GDP in the G-7

3. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

4. AGENDA
• Ralph Goodale / Twitter Post
• Canada and IS Debt-to-income Ratios
• Spending / Deficits by Party
• Middle Class / Truth
• Job Market

5. JOB MARKET
• http://www.cbc.ca/beta/news/politics/grenier-morneau-unemployment-1.4428875
•
• Unemployment rates were following under Harper - https://tradingeconomics.com/canada/unemployment-rate as such
he never goes re-elected.
• It is not one policy that determines how people vote, but many policies.
• Goods Producing sector as % total jobs has decreased since the Liberals took office late 2015 -
https://www.slideshare.net/paulyoungcga/job-market-canada-november-2017
• Wage growth is falling behind inflation
• Trudeau is introducing higher taxation like carbon tax or CPP hikes or elimination of tax credits or other measures.
Taxes going up is a big issue for people. Trudeau ran a campaign supporting the middle class -
https://www.liberal.ca/realchange/justin-trudeau-on-fairness-for-the-middle-class/. Trudeau also could not define the
Middle Class - https://www.youtube.com/watch?v=fNgcA4DBGOs Yet the Liberals programs have not help the middle
class - https://globalnews.ca/news/3769136/taxes-middle-class-liberals/
•
•

7. DEBT TO GDP RATIOS
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf or
https://economics.td.com/federal-fiscal-update or https://www.fin.gc.ca/afr-rfa/2017/index-eng.asp

8. GOVERNMENT TAXATION AND SPENDING
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf or
https://economics.td.com/federal-fiscal-update or https://www.fin.gc.ca/afr-rfa/2017/index-eng.asp
I am not surprised with this comment as the Liberals expenses are growing
about 2x times faster than the growth of GDP. Here is my surplus/deficit
calculation - https://www.slideshare.net/paulyoungcga/canada-cpc-and-
liberals-surplus-debate. Yet if Harper did the same thing in terms of
spending and deficits then the left would have crucified him. So, why does
PM Selfie get a free pass?
Secondly, the economy is projected to grow at slower rate in 2018 and
beyond, why? Federal government is pushing national carbon tax starting
in 2018. The carbon tax will take money out of the economy -
http://business.financialpost.com/commodities/energy/ottawas-carbon-tax-
plan-to-shrink-economy-by-3-billion-hurt-loonie-in-2018-study. The
adjustment is small, but it was shave a point or two off GDP. Canada is
also seeing correction in areas like manufacturing, construction, energy and
utility sector.
Thirdly, GDP is project to drop back down to 1.9% to 2.2 range
https://www.slideshare.net/paulyoungcga/gdp-outlook-canada-and-the-
world-september-8-2017 - see slide 3 which shows you that Trudeau growth
is same Harper was achieving post 2008-2009 recession.
Government gets too much credit for an economy. Government has a role
which is create policies that support economic expansion. The Liberals are
moving Canada to high tax and high regulation as compare the USA which
is going low tax and low regulation.

9. MIDDLE CLASS TRUTH / BRISON
https://twitter.com/scottbrison/status/940990340802195457
1. Where is the infrastructure money? It took you over a year
to progress the money, why?
http://www.msnewsnow.com/story/37051063/municipaliti
es-to-receive-funding-for-72-infrastructure-initiatives-
across-canada
2. Canada Middle Class -
https://www.slideshare.net/paulyoungcga/middle-class-
analysis-and-commentary-canada-october-2017
3. Canada had the best middle class in 2014 -
https://www.youtube.com/watch?v=yOl37VcG89c&t=3s
4. 80% of the middle class are paying more in taxes -
https://globalnews.ca/news/3769136/taxes-middle-class-
liberals/
It would be nice if your party would not mislead Canadians.