The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.

1. REAL TRUTH ABOUT GDP AND JOBS – CANADA
BY: PAUL YOUNG, CPA, CGA
DATE: JANUARY 12, 2018

2. 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

3. INTRODUCTION
 GDP is key measurement for a country. Allot is said about GDP, especially by various government. The
reality is government gets to much credit for booming economy and too much fault for recession.
 There are many factors drive GDP including taxation, business returns, consumer spending and
government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies
that takes more money out people’s pocket book then that will lead to less consumer spending.

4. AGENDA
 What is GDP
 Example of GDP
 GDP by decade
 GDP / Canada Example (GDP % by Government)
 GDP Global Forecast
 GDP / Canada (LPC vs CPC)
 Role of Government and GDP
 Middle Class

5. WHAT IS GDP?
Source - https://www.investopedia.com/ask/answers/199.asp or https://www.thebalance.com/what-is-gdp-definition-of-gross-domestic-product-
3306038
Gross domestic product is the best way to measure a
country's economy. GDP is the total value of everything
produced by all the people and companies in the country. It
doesn't matter if they are citizens or foreign-owned
companies. If they are located within the country's
boundaries, the government counts their production as GDP.

6. GDP BY DECADE
Source - https://www.nextbigfuture.com/2017/12/a-multi-decade-economic-
boom.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29

7. CANADA GDP - EXAMPLE
Source – Stats Canada - http://www.statcan.gc.ca/daily-quotidien/171222/dq171222a-eng.htm -

8. GDP GLOBAL FORECAST
Source - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
• Germany and USA will past
Canada in GDP Growth for 2018.
• Canada GDP will be impacted by
capacity issues (goods to market),
carbon tax, slow money to
infrastructure, housing
affordability)

9. GDP – CANADA (LPC VS CPC)
Source - https://www.budget.gc.ca/fes-eea/2017/docs/statement-enonce/fes-eea-2017-eng.pdf or

10. GOVERNMENT AND GDP
 http://business.financialpost.com/news/economy/canada-tops-g7-in-latest-imf-estimate-for-2017-economic-growth-no-2-in-2018
 Say it isn't so that Canada will no longer have the fastest growing GDP for the G7 countries.
https://www.bloomberg.com/news/articles/2017-11-29/u-s-third-quarter-growth-revised-up-to-3-3-three-year-high- Who now
has faster growing economy? United States!!! https://www.cnbc.com/2017/12/21/us-final-reading-on-q3-2017-gdp.html
 Trudeau deflects off the ethical issues as Canadians do not care. Trudeau then says opposition has nothing to say about economy -
https://www.youtube.com/watch?v=RVne2R7_zYw Here are things to considered when incomes to economic growth:
 Government does not create jobs in the private sector
 Private sector will invest based on return on investment
 Government role is set policy in areas like environment, taxation, trade, infrastructure, etc. Canada is moving to higher taxation and
regulations
 East-West Pipeline canceled - https://www.bnn.ca/transcanada-ends-plans-for-energy-east-pipeline-1.876194
 Canada is forcing Carbon Taxation - http://business.financialpost.com/commodities/energy/ottawas-carbon-tax-plan-to-shrink-
economy-by-3-billion-hurt-loonie-in-2018-study. Australia yanked the carbon tax as it did more harm than good when it came to both
the environment and the economy - http://www.cbc.ca/news/canada/saskatoon/australian-carbon-tax-opponent-chris-berg-
saskatchewan-1.3884765
 BTW: We can thank the housing and oil for bulk of the boom in 2017. You won't hear the details from the Liberals!!

11. JOB VACANCIES / CANADA
 Source - http://www.statcan.gc.ca/daily-quotidien/180111/dq180111a-eng.htm

12. EMPLOYMENT (CPC VS LPC)
Source - http://www.statcan.gc.ca/daily-quotidien/180105/dq180105a-
eng.htm

13. LIBERALS / MIDDLE CLASS
Source - https://www.liberal.ca/trudeau-unveils-liberal-platform-for-a-strong-middle-
class/
“Stephen Harper wants us to think
that if it weren’t for him, our
economy would fall apart. But
Canada’s economy doesn’t depend
on him. It depends on Canadians. It
depends on the people I meet all
across this country, every single
day,” said Mr. Trudeau. “People want
economic growth, good jobs, and
more money in their pockets. They
want to see their voices and values
represented in Ottawa. Canadians
want a better government, not just a
different one. It’s time for real
change, and that is exactly what the
Liberal plan provides.”
Liberal 2015 GDP by PM
Wage Growth by Year

14. BLOG – EMPLOYMENT – ENTRY-LEVEL
 Did the Liberals not run on jobs for all? https://www.liberal.ca/realchange/opportunities-for-young-canadians/
 “After ten years under Stephen Harper, good-quality job opportunities for young Canadians are tougher nd tougher to find. Faced with high unemployment
and underemployment, many young people have stopped looking for work altogether.
 This is hard for both young people and their families. Many parents are seeing their household debt rise and retirement savings dwindle as they struggle
to support their grown children, who often return home. It is time to invest in young Canadians – to help them get the work experience they will need to
start their careers and contribute fully to our economy.
 Yet in 2016 the job quality index hit the worst level in decades. So, much for sunny ways and jobs, right?
Issues with entry level jobs: -
 https://globalnews.ca/news/3914000/university-graduates-entry-level-jobs-canada/ “In 2016, around one in two entry-level jobs did not require a minimum
level of education (87,500 vacancies). A quarter of those gigs (48,400 vacancies) required a high school diploma and one in five (18,300 vacancies) required
a college diploma. Only 14,000 entry-level jobs required a university degree. For comparison, over 250,000 Canadians graduated from university in 2010. -
https://globalnews.ca/news/3914000/university-graduates-entry-level-jobs-canada/?utm_source=%40globalnews&utm_medium=Twitter
 Goods producing sector continue to lag other sectors in terms of job growth - https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-
policy-analysis - Goods producing sector would lead to engineering, quality control inspectors, supply chain management, inventory control, etc.
 Retail/wholesale sector lead a good chunk of the growth. Warehousing is going through automation -
https://www.xconomy.com/boston/2017/11/20/locus-robotics-gets-25m-to-help-warehouse-owners-compete-with-amazon/
 Job Quality Index - http://www.cbc.ca/news/business/wages-cibc-job-quality-1.3872389 “The quality of employment in Canada is falling, according to a
report from CIBC, with more low-paid jobs and those earning less than the average wage falling further behind. Both young people and Canadians over 55
are stuck in the low-wage job sector, primarily in-service jobs. But even among workers aged 25 to 54, 53 per cent had jobs that paid between 50 and 100
per cent of the average wage.
 http://www.huffingtonpost.ca/2017/12/03/stingy-canadian-employers-face-workforce-crisis-in-2018-report_a_23295535/ “Canada's employers face a
potential "workforce crisis" next year, as employees take advantage of a strong job market to leave their jobs in search of better pay and work conditions, a
new report says. And it's due to employers' own reluctance to improve wages and hire permanent workers, according to the report from recruitment agency
Hays Canada.

15. BLOG #1 – MIDDLE CLASS
 http://www.torontosun.com/2017/10/11/canucks-believe-middle-class-dream-replaced-by-nightmare-poll
 Yet Trudeau said the article is wrong? https://globalnews.ca/news/3769136/taxes-middle-class-liberals/ I hate to tell PM Selfie
that Trudeau is wrong. You cannot eliminate tax credits, income tax splitting, etc. and then expect taxes will go down, because
they do not! https://www.slideshare.net/paulyoungcga/did-the-middle-class-cut-truly-help-canadians . FYI - The child tax
benefit did not reduce poverty by 400,000.
 Trudeau so called middle class tax cut did not work - https://globalnews.ca/news/3769136/taxes-middle-class-liberals/. This is
before carbon tax is implemented across Canada 2019. The carbon tax will hurt low to middle class more than the wealthy.
http://www.cbc.ca/news/canada/saskatoon/australian-carbon-tax-opponent-chris-berg-saskatchewan-1.3884765
 Yet the PBO office said CPC cuts help low to middle class Canadians. Trudeau again got it wrong about Harper and his
policies!!!! https://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-pbo/.
 Wage growth - How about the fact your government has lost 75,000 mfg jobs?
http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster How
come incomes have grown only 3.8% for 10 years? http://www.cbc.ca/news/politics/statistics-canada-census-2016-income-
hightlights-1.4287179
 In 2014 is when Canada had the best middle class in the world - https://beta.theglobeandmail.com/report-on-business/top-
business-stories/canadas-middle-class-now-worlds-richest-study-
suggests/article18090490/?ref=http://www.theglobeandmail.com&
 People complain about corporations and yet they contribute to wealth distribution –
 Harper did not just focus on tax cuts including corporate tax, but also set up innovation funds and sign trade deals to expand
exports. https://www.slideshare.net/paulyoungcga/wealth-distribution-canada-corporate-tax-july-2017. Trudeau was elected
and said he will focus on clean technology, right? https://www.liberal.ca/wp-content/uploads/2015/08/A-new-plan-for-
Canadas-environment-and-economy.pdf The problem is clean technology companies are not making money, right?
http://www.bnn.ca/awash-in-red-ink-canadian-clean-tech-struggling-despite-ottawa-s-green-goals-1.729679
 Harper created many innovation funds, sign trade agreements, expanded ports like Montreal, Prince Rupert, etc. Harper was all
about getting goods to market. More could have been done, but pipelines as well as lack of priorities by governments including
Ontario on natural resource development set Harper back - https://www.slideshare.net/paulyoungcga/merchandise-trade-
canada-july-2017
 Liberals love to fabricate the facts - https://www.slideshare.net/paulyoungcga/liberal-party-of-canada-election-promises-

16. MIDDLE CLASS