Consumer Price Index Housing Prices Carbon Taxation Transit (Tax Credits vs Carbon Tax Credit) 80% of the Middle Class is paying higher taxes The wealthiest are paying less of the federal taxes Household Spending Child Tax Benefit / After Tax income Poverty Trudeau’s policies are not keeping pace with higher household costs. Trudeau thinks he can provide a smoke screen on Child benefit. The average net benefit for a family is about $1,200 (based on median income)

1. Have the Liberals made
things more affordable
Paul Young CPA CGA
September 11, 2019

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, MU1 and MS2)
• SME – Risk Management
• SME – Emerging Technology
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Cost to Serve modeling
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• Consumer Price Index
• Housing Prices
• Carbon Taxation
• Transit (Tax Credits vs Carbon Tax Credit)
• 80% of the Middle Class is paying higher taxes
• The wealthiest are paying less of the federal taxes
• Household Spending
• Child Tax Benefit / After Tax income
• Poverty
• Trudeau’s policies are not keeping pace with
higher household costs. Trudeau thinks he can
provide a smoke screen on Child benefit. The
average net benefit for a family is about $1,200
(based on median income)

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. Consumer Price Index
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190717/dq190717a-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 -
https://www.slideshare.net/paulyoungcga
/2019-election-wages-and-inflation-
canada-august-2019
• Government does set policies that impact
inflation
• Payroll taxes
• Income tax rates
• Regulations
• Hydro rates
• There are many factors that impact
inflation that are outside of government
control
• Commodity Prices
• Wage increases (Private Sector)

6. Housing Prices New Housing Price Index
Who would you trust to make housing more affordable?
@justintrudeau that introduced a Ponzi scheme for first-time buyers
https://www.theglobeandmail.com/canada/british-columbia/article-experts-
question-rollout-of-federal-housing-funds/
@andrewscheer who was part of a government that was looking RRSP
expansion
https://www.slideshare.net/paulyoungcga/2019-election-housing-and-real-
estate-canada-june-2019 or https://www.slideshare.net/paulyoungcga/2019-
election-housing-affordability-canada-june-2019

7. Household Costs / Carbon Pricing
How so? The carbon tax would cost people an extra $1,100 to
1,800 through higher costs. The tax rebate would be lucky to
cover 10% of the cost. Liberals are lying as they normally do
because they do not consider the complete past through of
the carbon to consumer goods, household expenses, etc.
https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019
It is the liberals that are dishonest as they never released
their carbon pricing economic impact, why?
https://capforcanada.com/canadian-households-to-pay-1100-
per-year-in-carbon-
tax/?fbclid=IwAR02rsYH4ht9Gw3ESA0MsI34UeLjjnZ6sFW40
leAoqVLr0FqY56wFuJgpJc or
https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019
Or https://www.slideshare.net/paulyoungcga/the-art-of-taxing-
pollution-canada-april-2019

8. Tax Impact I like to know @justintrudeau why he
thinks carbon tax refund $300 is better
than the transit tax credit ($400-675)
under Harper.
You would think the transit tax credit
encourage people to use transit which it
did when you look at ridership
Trudeau said people were no using the
tax credit and/or ridership was not
going up.
http://cutaactu.ca/en/news-
media/latest-news/transit-ridership-
growing-canada “2017 saw a 1.5%
increase in Canadian transit trips
over the previous year, according to
new data released by CUTA. ”
Source - https://globalnews.ca/news/5368001/canada-average-carbon-tax-
rebates/beta/?utm_expid=.kz0UD5JkQOCo6yMqxGqECg.1&utm_referrer=https%3A%2F%2Fwww.google.com%2F
Trudeau save about $200 to 400 from cancelling
the Transit credit. The problem
Is the average family is paying about $1,000 in
carbon taxes (net of the rebate)

9. Liberals voted against a motion to stop rising cost of fuel and
food
Source - https://www.spencerfernando.com/2018/05/08/trudeau-liberals-vote-against-motion-to-lower-gas-grocery-prices/#respond
http://business.financialpost.com/pmn/business-pmn/newsalert-statistics-canada-says-cpi-in-march-up-2-3-from-year-ago-2
• Liberals said they would make things
affordable for Canadians -
https://www.liberal.ca/trudeau-unveils-
liberal-platform-for-a-strong-middle-class/
• 80% of Canadians are paying higher
taxes -
https://globalnews.ca/news/3769136/t
axes-middle-class-liberals/
• Carbon Taxes are regressive as they hurt
the low to middle class more in terms of
costs -
https://twitter.com/LindaFrum/status/
989957835692957696
• CPP hikes mean less after tax income
• https://www.slideshare.net/paulyo
ungcga/2019-election-retirement-
payroll-tax-cpp-canada-august-2019
• Jobs in goods producing sector lag
service sector -
https://www.slideshare.net/paulyoungc
ga/2019-election-job-quality-and-
employment-canada-june-2019
Bottom line:
• Trudeau is not making things more affordable!

10. Wealthiest Who do you trust to more when it comes to taxing
the Top !%
@justinTrudeau who refuses to go after tax havens
and/or loss moneys during his so called tax hike -
https://www.theglobeandmail.com/politics/article-
high-income-earners-paid-46-billion-less-in-taxes-in-
2016-despite/
@Andrewscheer who was part of a government that
brought in more tax fairness -
https://globalnews.ca/news/1356467/tax-cuts-since-
2005-net-canadians-30b-pbo/
https://www.slideshare.net/paulyoungcga/2019-
election-top-1-wealthiest-canada-june-2019

11. Household Spending
• Liberals forced a carbon tax which has impacted
household budget, i.e. transit and heating costs -
https://www.slideshare.net/paulyoungcga/carbon
-tax-and-pollution-taxation-all-you-need-to-know-
canada-april-2019
• Liberals claim the CPC policies led to high
consumer debt, but say little about their own
policies -
https://www.huffingtonpost.ca/entry/consumer-
debt-canada_ca_5d5c07d5e4b0d1e113685b39
• Liberals tout their record on jobs, but do never
discuss issues with either a slowing economy
(https://www.slideshare.net/paulyoungcga/2019-
election-gdp-and-economy-canada-june-2019) or
job quality issues
(https://www.slideshare.net/paulyoungcga/real-
truth-about-economy-and-jobs-august-2019)

12. Household Spending (CPC vs LPC
• Ralph Goodale (circa 2015) – Source - https://www.huffingtonpost.ca/ralph-goodale/mr-harpers-economic-
recor_b_8020980.html “Canadians are stuck with $158-billion in new Harper debt -- without much to show
for it. There are 160,000 more jobless Canadians today than before Stephen Harper took power. Job
quality is at a 25-year low. Household debt is near a record high. Canada's trade deficit this year has
topped $13-billion. (Liberals have the highest household debt now

13. Poverty
• Liberal tout only one policy (Child Tax benefit). The problem is other policies like carbon taxation have had a
large impact on the poor
• Food bank usage continues to be on the rise - http://enfieldweeklypress.com/2019/08/24/food-bank-usage-
at-a-critical-level/
• Low income depend on public transit. Public transit has been impacted by carbon taxation -
https://www.slideshare.net/paulyoungcga/election-2019-transit-canada-june-2019 (Majority of buses and
trains are still supply by diesel

14. Taxation, After Tax Income and Household
Spending

15. Blog – Taxation and After Tax
Who would be better for the middle class?
@justintrudeau who increase taxes on the middle class
https://www.fraserinstitute.org/article/trudeau-government-continues-to-spread-
misinformation-about-middle-class-tax-burden
@andrewscheer who was part of previous governments that led to Canada having one of the
best middle class in the world.
https://www.stcatharinesstandard.ca/opinion-story/9581143-andrew-scheer-in-his-own-
words-young-families-are-the-future-of-our-country-/?fbclid=iwar0tvoaxeqkbsp2ooe-
l7dszpqvetxwpxcfgke5ofmeozh1yrierlxag0ku
https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-august-2019

16. 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