This document discusses trickle down economics and the 2019 Canadian election. It provides background on the author and outlines topics to be covered, including what trickle down economics is, corporate and personal taxation, wealth distribution, the middle class, and tax cuts. The presentation aims to discuss misunderstandings around how wealth flows through the economy and the pressures facing the middle class. It also includes a blog post criticizing Prime Minister Trudeau's views on trickle down economics.
This presentation discuss how trickle down economics. There is allot of misunderstanding on how income flows from Government treasury to social programs.
The presentation will discuss pressure facing the middle class including economic growth.
It is not one government policies, but many that support economic growth.
This document discusses the concept of trickle-down economics and provides context around taxation policies. It includes a biography of the author Paul Young and an agenda outlining topics such as what is trickle-down economics, corporate taxation, the tax code, and wealth transfer. There are also summaries of blog posts discussing topics like Trudeau and trickle-down economics, tax cuts, wealth distribution in Canada, and pressures on the middle class. Links and sources are provided throughout to support the discussion of these economic concepts.
This presentation discuss how trickle down economics. There is allot of misunderstanding on how income flows from Government treasury to social programs.
The presentation will discuss pressure facing the middle class including economic growth.
This presentation explains what trickle down economics means to economy.
The presentation will look at taxation and how revenue flows through the economy.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance the budget, disproportionately impacting lower-income Canadians. However, others point out that Harper implemented tax cuts and savings programs that benefited middle- and lower-income Canadians. There are reasonable debates around different governments' economic and taxation policies, and it is important to consider multiple perspectives when evaluating these complex issues.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance budgets, disproportionately impacting lower-income Canadians. While Harper implemented some tax cuts and targeted spending, critics like Ralph Goodale argue his policies mostly benefited large corporations, not families or small businesses. The document discusses different approaches to fiscal and economic policy taken by Harper, Martin, Trudeau and others.
This presentation discuss how trickle down economics. There is allot of misunderstanding on how income flows from Government treasury to social programs.
The presentation will discuss pressure facing the middle class including economic growth.
It is not one government policies, but many that support economic growth.
This document discusses the concept of trickle-down economics and provides context around taxation policies. It includes a biography of the author Paul Young and an agenda outlining topics such as what is trickle-down economics, corporate taxation, the tax code, and wealth transfer. There are also summaries of blog posts discussing topics like Trudeau and trickle-down economics, tax cuts, wealth distribution in Canada, and pressures on the middle class. Links and sources are provided throughout to support the discussion of these economic concepts.
This presentation discuss how trickle down economics. There is allot of misunderstanding on how income flows from Government treasury to social programs.
The presentation will discuss pressure facing the middle class including economic growth.
This presentation explains what trickle down economics means to economy.
The presentation will look at taxation and how revenue flows through the economy.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance the budget, disproportionately impacting lower-income Canadians. However, others point out that Harper implemented tax cuts and savings programs that benefited middle- and lower-income Canadians. There are reasonable debates around different governments' economic and taxation policies, and it is important to consider multiple perspectives when evaluating these complex issues.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance budgets, disproportionately impacting lower-income Canadians. While Harper implemented some tax cuts and targeted spending, critics like Ralph Goodale argue his policies mostly benefited large corporations, not families or small businesses. The document discusses different approaches to fiscal and economic policy taken by Harper, Martin, Trudeau and others.
Federal Government Scorecard: Justin Trudeau - September 2018paul young cpa, cga
All governments should be measure by their ability to manage social programs, economy and foreign affairs.
This presentation provide information to provide people with the ability to assess the merits of Justin Trudeau and his government
The document discusses Canada's slow economic growth and identifies several factors contributing to it. It notes that the Liberal Economic Council is brainstorming ways to increase growth such as easing immigration, retraining workers, and creating infrastructure programs. However, there are no easy fixes as the economy depends on many interconnected areas like exports, consumer spending, commodity prices, and government policies. The document outlines some policy options for various sectors but notes that simply adding regulations will not help and the government cannot rely solely on tax increases from businesses to fund spending.
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
The document discusses issues facing Canada's slowing economic growth and potential solutions. It analyzes GDP trends, key industries, employment, exports and other factors. The economic advisory council is proposing ideas like increasing immigration, retraining workers, and public-private infrastructure projects to boost growth. However, there are no easy fixes as many interconnected challenges contribute to slow growth. The government will need to pursue pro-business policies while balancing the budget to create an environment where new industries and jobs can thrive.
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
The document discusses Canada's slow economic growth and identifies several contributing factors. It notes that growth has been slow for over 12 years and is measured by changes in GDP. Key factors impacting growth include commodity prices, consumer demand, exports, demographics, and government policies. The document outlines several proposals from the Liberal Economic Council to boost growth, such as easing immigration rules and workforce retraining. It also discusses issues around employment, exports, retail sales, housing, deficits, and the types of policies and initiatives needed to address these challenges and stimulate stronger economic performance.
The document discusses factors that influence business investment attraction in Canada, including taxation rates, regulations, input costs, and infrastructure. It also summarizes the NDP's tax policies, including reducing the small business tax rate and emphasizing research and development. Finally, it provides an overview of corporate tax rates and policies in Canada, the US, and other countries.
Trudeau foundation - Analysis and Commentary - November 26, 2016paul young cpa, cga
Here is a presentation on the Trudeau Fondation. The presentation will look at funding as well as the role of the fondation to help scholastic students around the globe
This presentations looks at different aspect of the Canadian economy including key areas like GDP, Retail Sales, Exports, Housing Sales, Innovation and Infrastructure
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
This presentation discusses Harper 2011 mandate along with policies related to various budget cycles for government
*** The presentation will have analysis and comments from Thomas Mulcair (NDP), Justin Trudeau (LPC) and the private sector.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
This analysis looks at the issues facing employment and wages in Canada. Canada has shown a resilient employment market over the past 10+ years with average job creation being 220,000+ per year.
The problem is over the past 3.5 years the federal govt has gone the opposite way when it comes to supporting FDI as they have decided to focus solely on the environment.
Trump Tax Cut a Bust for Investment and HiringInvestingTips
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
Trump Tax Cut a Bust for Investment and Hiring
When Congress passed the biggest change in the U.S. tax code in thirty years, taxes were cut by $1.5 Trillion. The promise was that U.S. industry would invest that money, hire more people, and raise yearly GDP growth to the 4% range for the indefinite future. That did not all seem to have happened according to recent information. Was the Trump tax cut a bust for investment and hiring? Here are some thoughts on the subject.
Trump Tax Cut a Bust for Investment and Hiring
Fortune explains why the tax cut has not sparked hiring or investment.
The Trump administration’s $1.5 trillion in tax cuts appears to have not made any major impact on businesses’ capital investment or hiring plans, according to a new survey.
A quarterly poll from the National Association for Business Economics published Monday found that some companies reported accelerating investments because of lower corporate taxes, but a whopping 84% of respondents said they had not changed their plans. That’s up slightly from 81% in the previous survey published in October, Reuters reports.
The one bright spot was in goods-producing companies where half reported increased investments and a fifth reported redirecting hiring and investments from offshore to the USA.
Of S&P 500 companies studied by the University of Michigan, only 4% planned to give back part of the tax cut to workers and a fifth anticipated increasing their business-related investments. Small business investment fared better according to the National Federation of Independent Business with 5% increasing their investments while a third increased employee pay.
- The document discusses Canada's debt-to-GDP ratio, which measures government debt as a percentage of GDP. It notes that Canada has one of the lowest debt-to-GDP ratios in the G7.
- It examines fiscal policies and spending/deficits under different governments in Canada. Austerity measures in the 1990s under Paul Martin focused on spending cuts rather than tax increases.
- Data on debt-to-GDP ratios, government spending, taxation, surpluses and deficits over time in Canada are presented from various sources to analyze fiscal trends and debates around these issues.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Blog – The Failure of Trudeaunomics – April 2022
Trudeau deficits led to nothing but higher taxes and anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation that does not current exist when it comes to sourcing lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at all angle is incorrect. Canadians are looking at ways to deal with high inflation including curbing consumer spending
Trudeau never mentioned the fact that Canadians have the highest household debt ever in the history of Canada.
Federal Government Scorecard: Justin Trudeau - September 2018paul young cpa, cga
All governments should be measure by their ability to manage social programs, economy and foreign affairs.
This presentation provide information to provide people with the ability to assess the merits of Justin Trudeau and his government
The document discusses Canada's slow economic growth and identifies several factors contributing to it. It notes that the Liberal Economic Council is brainstorming ways to increase growth such as easing immigration, retraining workers, and creating infrastructure programs. However, there are no easy fixes as the economy depends on many interconnected areas like exports, consumer spending, commodity prices, and government policies. The document outlines some policy options for various sectors but notes that simply adding regulations will not help and the government cannot rely solely on tax increases from businesses to fund spending.
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
The document discusses issues facing Canada's slowing economic growth and potential solutions. It analyzes GDP trends, key industries, employment, exports and other factors. The economic advisory council is proposing ideas like increasing immigration, retraining workers, and public-private infrastructure projects to boost growth. However, there are no easy fixes as many interconnected challenges contribute to slow growth. The government will need to pursue pro-business policies while balancing the budget to create an environment where new industries and jobs can thrive.
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
The document discusses Canada's slow economic growth and identifies several contributing factors. It notes that growth has been slow for over 12 years and is measured by changes in GDP. Key factors impacting growth include commodity prices, consumer demand, exports, demographics, and government policies. The document outlines several proposals from the Liberal Economic Council to boost growth, such as easing immigration rules and workforce retraining. It also discusses issues around employment, exports, retail sales, housing, deficits, and the types of policies and initiatives needed to address these challenges and stimulate stronger economic performance.
The document discusses factors that influence business investment attraction in Canada, including taxation rates, regulations, input costs, and infrastructure. It also summarizes the NDP's tax policies, including reducing the small business tax rate and emphasizing research and development. Finally, it provides an overview of corporate tax rates and policies in Canada, the US, and other countries.
Trudeau foundation - Analysis and Commentary - November 26, 2016paul young cpa, cga
Here is a presentation on the Trudeau Fondation. The presentation will look at funding as well as the role of the fondation to help scholastic students around the globe
This presentations looks at different aspect of the Canadian economy including key areas like GDP, Retail Sales, Exports, Housing Sales, Innovation and Infrastructure
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
This presentation discusses Harper 2011 mandate along with policies related to various budget cycles for government
*** The presentation will have analysis and comments from Thomas Mulcair (NDP), Justin Trudeau (LPC) and the private sector.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
This analysis looks at the issues facing employment and wages in Canada. Canada has shown a resilient employment market over the past 10+ years with average job creation being 220,000+ per year.
The problem is over the past 3.5 years the federal govt has gone the opposite way when it comes to supporting FDI as they have decided to focus solely on the environment.
Trump Tax Cut a Bust for Investment and HiringInvestingTips
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
Trump Tax Cut a Bust for Investment and Hiring
When Congress passed the biggest change in the U.S. tax code in thirty years, taxes were cut by $1.5 Trillion. The promise was that U.S. industry would invest that money, hire more people, and raise yearly GDP growth to the 4% range for the indefinite future. That did not all seem to have happened according to recent information. Was the Trump tax cut a bust for investment and hiring? Here are some thoughts on the subject.
Trump Tax Cut a Bust for Investment and Hiring
Fortune explains why the tax cut has not sparked hiring or investment.
The Trump administration’s $1.5 trillion in tax cuts appears to have not made any major impact on businesses’ capital investment or hiring plans, according to a new survey.
A quarterly poll from the National Association for Business Economics published Monday found that some companies reported accelerating investments because of lower corporate taxes, but a whopping 84% of respondents said they had not changed their plans. That’s up slightly from 81% in the previous survey published in October, Reuters reports.
The one bright spot was in goods-producing companies where half reported increased investments and a fifth reported redirecting hiring and investments from offshore to the USA.
Of S&P 500 companies studied by the University of Michigan, only 4% planned to give back part of the tax cut to workers and a fifth anticipated increasing their business-related investments. Small business investment fared better according to the National Federation of Independent Business with 5% increasing their investments while a third increased employee pay.
- The document discusses Canada's debt-to-GDP ratio, which measures government debt as a percentage of GDP. It notes that Canada has one of the lowest debt-to-GDP ratios in the G7.
- It examines fiscal policies and spending/deficits under different governments in Canada. Austerity measures in the 1990s under Paul Martin focused on spending cuts rather than tax increases.
- Data on debt-to-GDP ratios, government spending, taxation, surpluses and deficits over time in Canada are presented from various sources to analyze fiscal trends and debates around these issues.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Blog – The Failure of Trudeaunomics – April 2022
Trudeau deficits led to nothing but higher taxes and anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation that does not current exist when it comes to sourcing lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at all angle is incorrect. Canadians are looking at ways to deal with high inflation including curbing consumer spending
Trudeau never mentioned the fact that Canadians have the highest household debt ever in the history of Canada.
Cost of living has hit 40-year high
More and more of the middle class are left out of the housing market
Canada continues to face productivity and innovation challenges
Federal government refuses to review its carbon pricing model
Trudeau came to office in 2015 when GDP growth for 2015 was about 1% (https://www.cbc.ca/news/business/gdp-economy-1.3470453). Trudeau promise small deficits during the 2015 election (https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3205535.
Trudeau deficits were never small. The budget balance for period close March 2019 was $14B (https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html).
Trudeau’s latest budget runs a higher deficit. Trudeau budget like previous budgets does not deal with productivity issues. Trudeau housing policies have been a colossal failure! https://www.slideshare.net/paulyoungcga/budget-2022-path-forward-for-canada-pptx
GDP for 2019 was estimated at 1.6%. https://www150.statcan.gc.ca/n1/daily-quotidien/200228/dq200228a-eng.htm. Liberals will argue that the GDP rate was 50% higher than October 2015. What the Liberals will not discuss is Harper was running 2.3% average growth rate for GDP (Post 2009 Recession) https://www.focus-economics.com/country-indicator/canada/gdp as compared to the Liberals that was running about 2%
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
This document discusses trickle-down economics and tax policy in Canada. It provides background on trickle-down theory, how corporate taxation and personal wealth transfer works, and pressures facing the middle class. The presentation analyzes policies under Prime Minister Harper and Trudeau, and debates whether tax cuts are effective at stimulating economic growth. Blog posts further discuss wealth distribution in Canada, the impact of daycare funding and carbon policies on the economy, and arguments for and against tax cuts.
Blog – Failure of Trudeaunomics
Justin Trudeau may key promises in 2015.
a) Making housing more affordable. Housing has grown on average of nearly 10% per year as compared to wage growth of 3.2%
b) Household debt has hit record levels since 2015
c) FDI has gone elsewhere to countries like Australia - https://www.austrade.gov.au/news/economic-analysis/who-invests-in-australia-analysing-2020-s-4-trillion-record-for-foreign-investment
d) Inflation is at an 18-year high - https://www.linkedin.com/posts/malundy_canadian-inflation-hits-30-year-high-as-omicron-activity-6877347398188982272-DjpM/
e) Trudeau’s deficits were neither small nor effective to address issues facing the economy like productivity, innovation, skills gaps, housing costs, etc. - https://www.slideshare.net/paulyoungcga/how-can-bank-of-canada-achieve-its-2-inflation-target-for-canada
1. Wage growth – https://www.saltwire.com/nova-scotia/news/wage-growth-outpaces-inflation-as-job-vacancies-surge-to-record-100672882/
2. Housing - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/
3. Record household debt - https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
4. FDI in decline as compare to Canada’s peers - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
5. Job Quality - https://www.thestar.com/business/2021/12/09/small-businesses-automating-to-deal-with-worker-shortage-survey.html
6. Canadian dollar - https://www.nasdaq.com/articles/canada-fx-debt-canadian-dollar-extends-rebound-as-domestic-economy-grows
7. GDP and slow growth - https://thoughtleadership.rbc.com/the-great-canadian-restart-how-2022-can-spark-an-era-of-greener-more-robust-growth/ and https://www.bnnbloomberg.ca/canadian-consumers-power-5-4-annualized-growth-1.1688906
8. Immigration - https://www.bnnbloomberg.ca/canada-tops-record-immigration-goal-of-401-000-residents-1.1700063
9. Inflation - https://www.healthing.ca/opinion/opinion-ottawa-gets-an-inflation-dividend-the-rest-of-us-dont/
10. Job vacancies - https://www.ctvnews.ca/business/labour-shortages-continue-as-quarterly-job-vacancies-reach-all-time-high-1.5718167
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
This document discusses trickle down economics and tax cuts. It provides context about policies under former Canadian Prime Minister Harper, including setting up innovation funds and signing trade deals. It also discusses corporate taxation and how pension funds invest in profitable companies. The document argues that tax cuts can stimulate economic growth by making businesses more competitive and encouraging foreign investment. It acknowledges more could be done but notes lack of priorities on natural resources.
NDP has an agreement with the Liberals to support Trudeau until 2025. NDP will not support any non-confidence vote but will support any liberal budgets. NDP will be allow to push bills like GIS and other bills related to the NDP free stuff agenda!
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
2019 Election| Corporate Tax and Business Competitiveness| Canada| June 2019paul young cpa, cga
This document discusses various topics related to corporate taxation, including:
- How corporate profits flow through mutual funds and institutional investors to governments via taxes.
- Definitions of key terms like dividends, tax avoidance, and the OECD's BEPS initiative.
- Differences between tax avoidance and tax evasion.
- International comparisons of business tax rankings.
- How corporate taxes, income taxes, and other taxes flow to fund government services like schools, hospitals, infrastructure and programs.
- The importance of supporting innovation to drive business growth and jobs.
- Debates around proposals for higher corporate tax rates or taxes on stock options.
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This document provides an overview and agenda for a presentation on social spending, taxation, and quality of life. The presentation covers topics like social spending rankings by country, education and healthcare spending comparisons, income taxation rates globally, guaranteed income programs, venture capital environments, issues with government spending, recommendations to address income inequality, and productivity comparisons. The goal is to highlight pressures on government spending and identify opportunities to reform tax policies and emphasize value for money in social program delivery.
Income inequality has been around your decades. Very few governments have had success with squashing income inequality. One could argue Scandinavia countries have done a good job eradication of income inequality but when you take a deep look then you will see high cost of living and lack of desire to work.
Many Canadian government has tried to reduce poverty. The poverty levels have been consistent for years at 13%.
The Liberals have said they have reduced poverty, but the stats do no show that is the case.
Fiscal and Economic Management| Canada| August 2020| Analysis and Commentarypaul young cpa, cga
The government under their mandate is faced with the election mandate along with facing geopolitical issues that drive both the fiscal management cycle and the economy. This presentation looks at various issues facing Canada including what is required to resolve the various issues
This document provides information from a presentation by Paul Young, CPA discussing taxation in Canada. It includes:
- Definitions of the top 1%, 5%, and 10% income earners in Canada based on income thresholds.
- Statistics showing the top 1% of income earners pay 20% of federal income taxes and are concentrated in Ontario and Alberta.
- An agenda with topics like redistribution of wealth, tax brackets, blogs about wealthiest Canadians and the middle class, and income splitting.
- Links to external sources and the presenter's credentials and disclaimer.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Applying the Global Internal Audit Standards_AIS.pdf
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019
1. 2019 Election –
Trickle Down
Economics – May
2019
By: Paul Young, CPA, CGA
Date: May 23, 2019
2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
• What is Trickle Down Economics?
• What is the Tax code/Rules
• Explanation of Corporate Taxation
• Explanation of Wealth Transfer
• Middle Class
• Tax Cuts
• Blog #1 – Trudeau and Trickle Down Economics
4. Summary
• This presentation discuss how trickle down economics. There is
allot of misunderstanding on how income flows from Government
treasury to social programs.
• The presentation will discuss pressure facing the middle class
including economic growth.
• It is not one government policies, but many that support economic
growth.
5. What is
trickle down
economics
• Trickle-down economics, or “trickle-down theory,”
argues for income and capital gains tax breaks or
other financial benefits to large
businesses, investors and entrepreneurs in order to
stimulate economic growth. The argument hinges
on two assumptions: all members of society
benefit from growth; and growth is most likely to
come from those with the resources and skills to
increase productive output.
6. What is the
tax code
• The tax code
• Provides deductions for expenses a part of earning
income
• Provides rules for taxation, i.e. tax rates, capital
gains, dividend tax credits, etc.
• Each country has their own tax body that sets the
rules for taxation
• Some countries have flat tax rates, but high
consumption taxation (Europe/Asia)
• Some countries have progressive tax rates that
tax the top 1% at about 50%+ of their income
• Corporation report income based on GAAP
(Generally Acceptable Accounting Practices).
There are issues how both income and expenses
are reported when it comes to accounting and
taxable income. The differences are known as
both timing and permanent differences.
• Timing differences is how items are treating
different for accounting than taxation, e.g.
Warranties, Depreciation/Amortization
• Permanent differences are items that are
not allowed for taxation, but are acceptable
for accounting, e.g. only 50% of meals and
entertainment is deductible (Canada)
7. Corporate
Taxation/Planning
• Corporation earned income around the world
depending on how they are organized
• How does income move around the world?
• Companies are looking at ways to expand
their global present. Companies will deploy
FDI as part of looking for returns on
investment that will benefit their
shareholders
(http://www.investopedia.com/terms/f/fd
i.asp)
• Companies may moved R&D/Innovation to
low cost producing countries
• Companies may control the borrowing as
such may lend money to foreign entities via
intercompany loans/interest income
• Companies can re-patriate cash via the
following methods
• Intercompany dividends
• Intercompany interest
• Transfer pricing (shared services)
8. Personal Taxation
• Countries tax income, not wealth
• Countries have different tax systems
• Payroll taxation (Social Security)
• Personal Income Taxation
• The wealthiest people in the world has created wealth through investment in business,
stocks and bonds and real estate
• Income earn from investment is tax based on residency status.
• Some income is tax different, i.e. interest vs- dividends or the sales of
shares/companies/personal use property/listed property/real property
• Top 1% can pay over 50+ of their income to taxation -
https://www.youtube.com/watch?v=hWarBMfshaA
9. Top Income
Earner/Canada
• Here’s what it takes to be among
Canada’s top earners:
• Top 1 per cent: income of at least
$222,000. A total of 264,030 tax-filers
earned that amount or more in 2013,
• Top 5 per cent: income of at least
$115,700,
• Top 10 per cent: income of at least
$89,200.
10. Top Income Earner/Canada
• Combined Provincial/Territories range 47% to 55%
• NB has highest combine Personal Income Tax in Canada
• The small group is a big source of federal revenue, contributing
more than 20 per cent of all income tax collected. Canada’s rich
may be getting a little richer, but their income growth of 1.2 per
cent between 2012 and 2013 was in line with the growth of all
other tax filers.
• 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
11. Redistribution of Income:
Facts:
• Top 1% account for 20%
of the Federal Income
Tax
• Corporate Tax account
for 1/3 of the transfer
payments
• Equalization benefits
come from the have not
promises via royalties as
well as other revenue
sources
Source - https://www.fin.gc.ca/fedprov/mtp-eng.asp
12. GDP / Wealth Flow
Factors in play that impact wealth
distribution
• Companies invest into projects as part of
return on investment for their shareholders
• Pensions Funds like CPP investment in
companies for their return on investment
• Wealth distribution is done through transfers
to provinces to support healthcare.
• Provincial government collect tax dollars to
fund education and healthcare
GDP Growth:
• 2/3 of the economic
growth is driven by
retail Sales
• Exports are about ¼
of GDP. Canada
needs exports
• Canada needs FDI in
order to develop its
resources,
manufactured
goods, build
transportation
systems
13. Blog – Wealth
Distribution
• Canada has series of programs that moved income from the federal
government which are called the federal transfers -
https://www.fin.gc.ca/access/fedprov-eng.asp. The new transfer
agreement ties federal transfers to GDP -
http://evidencenetwork.ca/archives/26746
•
• The new Premier John Horgan who does not support Kinder Morgan is
asking the federal government more CST money for daycare -
https://www.theglobeandmail.com/news/british-columbia/bc-ndp-
looks-to-federal-government-to-help-fund-childcare-
plan/article37012357/. Kinder Morgan delays are costing $73B of new
exports of oil over the next 20 years or about 3.6B/annual in export
revenue for oil companies.
•
• I am all for a good debate on changing transfer policies, but not when it
is strictly about give me more money. The debate should be about how
do we grow the economy. It is not by dropping carbon completely out of
the economy. https://www.slideshare.net/paulyoungcga/carbon-free-
economy-canada-november-2017
•
• Source - https://www.slideshare.net/paulyoungcga/wealth-distribution-
canada-november-2017
15. Blog – Tax Cuts
Here is more information on Harper:
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
I see nothing in proving your point that tax cuts do not work. All I see is opinion. So, I suggest provide a
source or shut up. If you realised a couple things about world it is very global now. Canada needs to be
competitive when it comes to attracting foreign capital. If you look at Harper’s policies then you will see he
did not focus on one area, but many areas like innovation, trade, FIPA, capping the growth in payroll taxes,
etc. http://ottawacitizen.com/storyline/head-of-canadas-largest-manufacturing-association-says-tories-have-
supported-the-sector or https://www.slideshare.net/paulyoungcga/manufacturing-sector-canada-june-2017
Do you own RRSP? You have CPP deducted, right? Where does pension money go? It goes to profitable
companies, right? http://www.cbc.ca/news/business/cpp-pension-earnings-1.4243308
You treat corporation with other distaste, but I bet you shop at grocery store, drive a car, own a cell phone,
rent/own a house, right? You would not have these luxuries without corporations.
I see you are also talking about the bailout, right? Harper was forced into bail out.
http://www.autonews.com/article/20160907/OEM01/160909877/co-directors-tell-why-they-made-auto-
bailout-documentary
I have explained many times about deficit and debt, but you will never read the links.
https://www.slideshare.net/paulyoungcga/federal-government-debt-canada-august-2017 or
https://www.slideshare.net/paulyoungcga/canada-cpc-and-liberals-surplus-debate
Let’s see I defend my position with facts and figures and you expressed opinion. I have even gone the extra mile to
show the flow of taxation which seems to be missing from your point, why? I have novel idea if you are going to
debate me then I suggest you provide backup to your opinion.
17. LPC / Tax Cut
• Liberals eliminated tax
credits
• Liberals plan hikes to CPP
• Liberals are forcing carbon
pricing
• Liberals eliminated income
splitting
Source - https://globalnews.ca/news/3769136/taxes-middle-class-liberals/
Best Middle Class
https://www.youtube.com/watch?v=QgbHWFgmSfQ
You do not hike CPP, introduce carbon tax, remove tax credits and then say
you are supporting the middle class
https://www.theglobeandmail.com/business/commentary/article-middle-
class-increasingly-feeling-the-squeeze-oecd-report-says/ or
https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
https://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-
pbo/
“Another gift to the government in the report was that the PBO found that in
relative terms — lower income Canadians earning between $12,200 and
$23,300 benefited the most, increasing their after-tax income by four per
cent.”
Trudeau never had the answers for the middle class -
https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
18. Other information/Comments:• NDP and Liberal Comments - http://www.torontosun.com/2015/08/15/trudeau-and-mulcair-selling-a-fantasy-to-the-middle-class or
http://www.cbc.ca/news/politics/trudeau-speech-chamber-commerce-1.3513939
• I hear the same comments that Harper has killed the middle class when it is has been bad provincial policies led by various provincial
government that felt social policy at all costs is the solution to run their various budgets. Here are facts/videos on the middle class -
https://www.youtube.com/watch?v=xqLDHQ-iJU8 (is this a lie? or https://www.youtube.com/watch?v=yOl37VcG89c (is this a lie? -
http://globalnews.ca/.../tax-cuts-since-2005-net.../ (is this a lie?) or http://www.slideshare.net/paulyoungcga/taxation-policies (are my
slides 8-11 wrong).
• BTW: Hiking the corporation tax to 18-22% range will add 2-8% more to cost of your iPhone, iPad, Clothes, transit passes, food, beer, wine,
etc. http://www.slideshare.net/paulyoungcga/corporation-taxation-canada-44675640.
• How about childcare: http://www.iedm.org/fr/2821-quebecs-failed-child-care-model
• Canada is one of the most admired countries in the world: http://www.ctvnews.ca/canada/canada-ranked-as-most-admired-country-in-the-
world-report-1.2470040
• Canada also has done well compared to its peers across the world - http://www.bmonesbittburns.com/economics/forecast/int/intmodel.pdf
• http://www.theglobeandmail.com/report-on-business/top-business-stories/canadians-scale-the-income-ladder-with-the-best-of-
them/article25533315/?click=sf_globefb
• Remind me again why we should change to either Mulcair or Trudeau government as the facts do not align with their policies!
http://www.torontosun.com/2015/08/15/trudeau-and-mulcair-selling-a-fantasy-to-the-middle-class
• FYI – 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
• FYI – 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
• Hydro rates - http://laws-lois.justice.gc.ca/eng/const/page-4.html
19. Are there issues with trickle down?
• Some countries like the United States have done a poor job in terms re-allocation of
taxation to support social programs
• You cannot tax people to prosperity
• Government needs to have balance approach to tax policies and program spending.
Program spending needs to be driven via value for money. If services can be better done
by the private sector then they should be outsourced
• Education has to be aligned to jobs opening as well as future jobs
• There is no such thing as free ride. Someone else is paying for your free ride -
https://www.youtube.com/watch?v=PAGqKhSw5Lg
• Some countries are better than others when it comes to support social programs –
Canada and Scandinavia - http://www.slideshare.net/paulyoungcga/scandinavia-vs-
canada-comparison-of-social-and-economic-policies
• Canada #1 - Report: American Middle Class No Longer The World's Richest - America's
Newsroom - https://www.youtube.com/watch?v=yOl37VcG89c
20. Blog #1 – Trudeau (Trickle Down Economics)
Source - https://vancouversun.com/news/local-news/indigenous-pipeline-protester-
chimes-in-on-prime-ministers-fundraising-speech-in-vancouver
The prime minister told attendees that
Conservatives believe in “trickle down
economics,” or the idea that giving tax breaks
and advantages to the wealthiest will create
growth that will “somehow end up helping
hardworking, ordinary Canadians.”
But he said that idea failed the previous
Conservative government, which didn’t
understand that even though there
was growth in the economy, so many average
Canadians felt it didn’t touch them.
“We got elected with a very different idea for
our economy and for Canadians,” he said.
“The idea that if you want to create growth,
it has to be for everyone, not just for a few,”
he said.
1. Harper reduced income tax rates, moved GST from 7% to 5% and introduced
tax credits. Harper’s policies put more money into taxpayer’s pocketbooks -
https://business.financialpost.com/opinion/william-watson-turns-out-the-
harper-government-was-actually-terrific-for-wage-growth
2. FDI investment in key sectors has left Canada due to Liberal failures -
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-
investment-canada
3. The Wealthiest pay over 20% of the federal income tax. Liberals policies are
leading to a brain drain – see slide 10
(https://www.slideshare.net/paulyoungcga/2019-election-employment-
canada-april-2019)
4. Trudeau has made Canada less competitive today due to his tax and
regulatory policies - https://www.slideshare.net/paulyoungcga/2019-
election-business-competitiveness-canada-may-2019
5. Trudeau also does not seem to grasp that taxes like carbon taxation or GST
are regressive taxes - https://www.irishtimes.com/opinion/letters/carbon-
taxes-are-regressive-1.3869390. Trudeau does not seem to grasp how
taxation flows through to cost of living -
https://www.slideshare.net/paulyoungcga/art-of-taxing-pollution-canada-
environment
Harper was not perfect, but he had a better grasp of economics. It should be no
surprised as Harper has education in economics as compare to Trudeau who
education background is drama!
21. Bottomline
• Top 1% pay over 50% of the income to taxation
• Top 1% earned their wealth through investment in stocks, bonds and
real estate
• Top 1% have good accountants and lawyers as such no how to
work within the tax laws to moved income around as part of
managing their taxes
• Top 1% may take their investment elsewhere as part of
managing their wealth - http://www.statcan.gc.ca/daily-
quotidien/161017/dq161017a-eng.htm
• Pensions fund by companies as part of managing their returns
• Bad policies hurt the low to middle class worst than the 1%
• Carbon Taxation will force up household spending by $1,200 to
$1,500
• Hikes to CPP will impact hiring (Companies may not be able to
afford the hikes)
• Hydro rates impact both business investment as well as
household spending
• Money flows from companies through the following ways
• Dividends payout
• Capital Investment (debt, working capital or stock issuance)
• Share buyback