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WAGES – CANADA –
APRIL 2019
PaulYoung CPA CGA
June 27, 2019
PaulYoung - Bio
• CPA, CGA
• Financial Solutions – FOPM and FPM
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com
Agenda
■ Wages
■ Employment – Natural Resources
■ Middle Class
■ 2017 Income by Province
■ Wages – Blog
■ Middle Class - Blog
Introductory
■ Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from
March. Compared with 12 months earlier, earnings grew by 2.9%. (FYI – Goods Producing
Sector average is 1.5%.The spike is primarily to do with retail wages.
■ In general, changes in weekly earnings reflect a number of factors, including wage growth;
changes in the composition of employment by industry, occupation and level of job
experience; and average hours worked per week.
■ Non-farm payroll employees worked an average of 32.8 hours per week in April, unchanged
from the previous month and little changed from 12 months earlier.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190627/dq190627b-eng.htm
WAGES
AND
CPI
Source - Source -
https://www150.statcan.gc.
ca/n1/daily-
quotidien/190627/dq19062
7b-eng.htm
EMPLOYMEN
T – NATURAL
RESOURCES
Source – Stats Canada
MIDDLE CLASS
Source – Stats Canada
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
INCOME BY
PROVINCE
Source – Stats Canada
Wages / Blog
■
■ https://www.msn.com/en-ca/money/topstories/central-bank-offers-reasons-behind-weak-wages/ar-
BBT0ENS?ocid=spartanntp
■ “In aToronto speech, senior deputy governor CarolynWilkins said weaker wage growth in energy-producing provinces
since the 2014 oil-price slump has dragged down national numbers.
■ But she said even after accounting for these factors, wages have fallen short of where they should be in a tightened job
market that has seen Canada's unemployment rate drop to a 43-year low.
■ "This is particularly puzzling when you consider what businesses are telling us about how hard it is to fill jobs," Wilkins
told theToronto Region Board ofTrade.
■ "As far as I can tell, no one has found a smoking gun," she said of the search for an explanation.
■
1. Companies based wage growth on many factors like profit margins, performance, etc.
2. Liberals have hike CPP rates which eat into payroll related costs
3. Canada has lost FDI! https://www.slideshare.net/paulyoungcga/business-competitiveness-canada
Middle Class - Blog
■ The top 1% pay 20% of the income tax. We need to stop thinking this is about taxing rich more because it is
not! = https://www.slideshare.net/paulyoungcga/wealthiest-income-analysis-and-commentary-canada-2017
or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
■ Nowhere does this article ever deal with cost and size of govt. It is time to re-look at how services are delivery
including the costing model. https://www.slideshare.net/paulyoungcga/funding-and-economic-issues-ontario
or https://www.slideshare.net/paulyoungcga/value-for-money-and-comprehensive-auditing-all-you-need-to-
know
■ http://www.cfo.com/the-economy/2019/04/governments-must-act-to-ease-middle-class-
squeeze/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content=CFODailyAlert_Thursday_2019-4-11&utm_term=the-economy
Top 1 and Middle Class
■ https://www.liberal.ca/standing-up-for-middle-class-families/
■ You do not stand up for the middle class.Can you show me how the middle class ranks
under your govt? I know in 2014 is when Canada had one of the best middle class -
https://www.youtube.com/watch?v=yOl37VcG89c or
https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada-
june-2019
BTW: doing these type of tweets does not make them right!
What’s next
■ Next government needs to focus on tax fairness -
https://www.slideshare.net/paulyoungcga/2019-election-taxation-reforming-the-ita-and-
shutting-down-tax-havens
■ Next government need to have more balance approach to the economy including embracing
technological solutions - https://www.slideshare.net/paulyoungcga/2019-election-
technology-sector-canada-may-2019
■ Resolving Trade issues - https://www.slideshare.net/paulyoungcga/2019-election-foreign-
affairs-and-trade-canada-june-2019
■ Next government needs to take hard look at skills gap including better programs to align
people with jobs in demand –
– OSSTF and EFTO need to take some of the blame as they are not directing students in
areas where there are open job opportunities.
https://www.slideshare.net/paulyoungcga/education-skills-and-development-human-
capital-management-canada-may-2019 or
https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management
■ Next government needs to focus on making Canada open for business –
– More regulations – C69 - https://www.cbc.ca/news/politics/tasker-kenney-bill-c69-
amendments-1.5147516
– Trudeau decided to hike CPP - https://www.cfib-fcei.ca/en/media/2019-cpp-increase-
isnt-worth-pain-small-businesses
– Small business tax reforms - https://www.bdo.ca/en-ca/insights/tax/tax-
articles/implications-of-the-governments-tax-changes-on-the-technology-sector/
– Trudeau is not focusing investment on getting goods to market -
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-
investment-canada
– Trudeau environmental ranking is also nothing to brag about as it is on par with Harper
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-
2019 or https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-
canada-may-2019

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2019 Election| Wages and Income| Canada | April 2019

  • 1. WAGES – CANADA – APRIL 2019 PaulYoung CPA CGA June 27, 2019
  • 2. PaulYoung - Bio • CPA, CGA • Financial Solutions – FOPM and FPM • SME – Business Process Changes • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – SupplyChain Management • Academia – Advance Accounting, Public Finance and Advanced Management Systems Contact information: Paul_Young_CGA@Hotmail.com
  • 3. Agenda ■ Wages ■ Employment – Natural Resources ■ Middle Class ■ 2017 Income by Province ■ Wages – Blog ■ Middle Class - Blog
  • 4. Introductory ■ Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from March. Compared with 12 months earlier, earnings grew by 2.9%. (FYI – Goods Producing Sector average is 1.5%.The spike is primarily to do with retail wages. ■ In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week. ■ Non-farm payroll employees worked an average of 32.8 hours per week in April, unchanged from the previous month and little changed from 12 months earlier. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190627/dq190627b-eng.htm
  • 5. WAGES AND CPI Source - Source - https://www150.statcan.gc. ca/n1/daily- quotidien/190627/dq19062 7b-eng.htm
  • 7. MIDDLE CLASS Source – Stats Canada 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
  • 9. Wages / Blog ■ ■ https://www.msn.com/en-ca/money/topstories/central-bank-offers-reasons-behind-weak-wages/ar- BBT0ENS?ocid=spartanntp ■ “In aToronto speech, senior deputy governor CarolynWilkins said weaker wage growth in energy-producing provinces since the 2014 oil-price slump has dragged down national numbers. ■ But she said even after accounting for these factors, wages have fallen short of where they should be in a tightened job market that has seen Canada's unemployment rate drop to a 43-year low. ■ "This is particularly puzzling when you consider what businesses are telling us about how hard it is to fill jobs," Wilkins told theToronto Region Board ofTrade. ■ "As far as I can tell, no one has found a smoking gun," she said of the search for an explanation. ■ 1. Companies based wage growth on many factors like profit margins, performance, etc. 2. Liberals have hike CPP rates which eat into payroll related costs 3. Canada has lost FDI! https://www.slideshare.net/paulyoungcga/business-competitiveness-canada
  • 10. Middle Class - Blog ■ The top 1% pay 20% of the income tax. We need to stop thinking this is about taxing rich more because it is not! = https://www.slideshare.net/paulyoungcga/wealthiest-income-analysis-and-commentary-canada-2017 or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau ■ Nowhere does this article ever deal with cost and size of govt. It is time to re-look at how services are delivery including the costing model. https://www.slideshare.net/paulyoungcga/funding-and-economic-issues-ontario or https://www.slideshare.net/paulyoungcga/value-for-money-and-comprehensive-auditing-all-you-need-to- know ■ http://www.cfo.com/the-economy/2019/04/governments-must-act-to-ease-middle-class- squeeze/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO- email&utm_medium=email&utm_content=CFODailyAlert_Thursday_2019-4-11&utm_term=the-economy
  • 11. Top 1 and Middle Class ■ https://www.liberal.ca/standing-up-for-middle-class-families/ ■ You do not stand up for the middle class.Can you show me how the middle class ranks under your govt? I know in 2014 is when Canada had one of the best middle class - https://www.youtube.com/watch?v=yOl37VcG89c or https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada- june-2019 BTW: doing these type of tweets does not make them right!
  • 12. What’s next ■ Next government needs to focus on tax fairness - https://www.slideshare.net/paulyoungcga/2019-election-taxation-reforming-the-ita-and- shutting-down-tax-havens ■ Next government need to have more balance approach to the economy including embracing technological solutions - https://www.slideshare.net/paulyoungcga/2019-election- technology-sector-canada-may-2019 ■ Resolving Trade issues - https://www.slideshare.net/paulyoungcga/2019-election-foreign- affairs-and-trade-canada-june-2019 ■ Next government needs to take hard look at skills gap including better programs to align people with jobs in demand – – OSSTF and EFTO need to take some of the blame as they are not directing students in areas where there are open job opportunities. https://www.slideshare.net/paulyoungcga/education-skills-and-development-human- capital-management-canada-may-2019 or https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management ■ Next government needs to focus on making Canada open for business – – More regulations – C69 - https://www.cbc.ca/news/politics/tasker-kenney-bill-c69- amendments-1.5147516 – Trudeau decided to hike CPP - https://www.cfib-fcei.ca/en/media/2019-cpp-increase- isnt-worth-pain-small-businesses – Small business tax reforms - https://www.bdo.ca/en-ca/insights/tax/tax- articles/implications-of-the-governments-tax-changes-on-the-technology-sector/ – Trudeau is not focusing investment on getting goods to market - https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct- investment-canada – Trudeau environmental ranking is also nothing to brag about as it is on par with Harper https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march- 2019 or https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy- canada-may-2019