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.
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
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%
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
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
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
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!
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
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%
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
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
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
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!
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
There is allot of misunderstanding when it comes to trickle down economics. Too many people think it is all about the rich and that is not true. Trickle down economics is all about the right tax policies that support all income groups. There are taxes that are regressive like consumption and carbon tax that have a bigger impact on low to middle class income than wealthiest. The problem is Trudeau never discusses regressive taxation as he feels that his so called tax credit systems helps equalize things out which is not the case!
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 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.
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
All governments have to follow their fiscal management cycle and that includes internal audit programs. The problem is too many governments put little focus on operational and performance audits as part of managing their fiscal cycle.
Wealthiest Income – Analysis and Commentary - Canada - 2017paul young cpa, cga
According to the report, the top 20% of Canadian households in terms of income — those with annual incomes exceeding $186,875 — will earn 49.1% of all income in Canada but pay 55.9% of all taxes, including income, payroll, sales, and property taxes. The top 1% of earners face an even starker discrepancy, earning 10.7% of all income but paying 14.7% of all taxes in 2017 (compared to 11.3% in 1997).
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
Summary:
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.
Source - https://www.advisor.ca/news/economic/eight-month-deficit-feds-spent-73-7-billion-more-than-they-took-in/
1. YTD deficit of $73B - https://infotel.ca/newsitem/fiscal-monitor/cp2130154807
2. Currency - https://www.reuters.com/article/canada-forex/canada-fx-debt-c-posts-biggest-weekly-decline-since-august-on-risk-aversion-idUKL1N2U829F
3. GDP - https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/
4. Green inflation - https://euobserver.com/climate/154220
5. Trade - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
6. Skills gaps - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
7. Input Costs / AG - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
8. Middle class taxes - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
9. Wealth taxes - https://financesofthenation.ca/2022/01/26/why-wont-canada-increase-taxes-on-capital-gains-of-the-wealthiest-families/
10. Value for money - https://www.thespec.com/opinion/contributors/2022/01/26/value-for-money-audit-could-unlock-police-ingenuity-creativity-and-innovation.html
11. Funding transit - https://fcm.ca/en/news-media/news-release/big-city-mayors-federal-government-public-transit-needs-our-help
12. What plans?
a. https://www.canada.ca/en/innovation-science-economic-development/news/2022/01/government-of-canada-delivers-on-commitment-to-reduce-cell-phone-wireless-plans-by-25.html
i. This is misleading because it is based on plans. https://www.iphoneincanada.ca/carriers/rogers/rogers-telus-bell-have-lowered-cellphone-plans-by-25-as-agreed-says-ottawa/
1. If you renew your plan than you will see different rates due to what is being offered.
Canada - Fiscal Management - Deficit and Debt - January 2022.pptxpaul young cpa, cga
Canada heads to a very difficult time with a government that solely focus on its progressive agenda and climate change. The government continues push forward with new programs despite a structural deficit that has not been addressed since the December 2019.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
There is allot of misunderstanding when it comes to trickle down economics. Too many people think it is all about the rich and that is not true. Trickle down economics is all about the right tax policies that support all income groups. There are taxes that are regressive like consumption and carbon tax that have a bigger impact on low to middle class income than wealthiest. The problem is Trudeau never discusses regressive taxation as he feels that his so called tax credit systems helps equalize things out which is not the case!
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 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.
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
All governments have to follow their fiscal management cycle and that includes internal audit programs. The problem is too many governments put little focus on operational and performance audits as part of managing their fiscal cycle.
Wealthiest Income – Analysis and Commentary - Canada - 2017paul young cpa, cga
According to the report, the top 20% of Canadian households in terms of income — those with annual incomes exceeding $186,875 — will earn 49.1% of all income in Canada but pay 55.9% of all taxes, including income, payroll, sales, and property taxes. The top 1% of earners face an even starker discrepancy, earning 10.7% of all income but paying 14.7% of all taxes in 2017 (compared to 11.3% in 1997).
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
Summary:
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.
Source - https://www.advisor.ca/news/economic/eight-month-deficit-feds-spent-73-7-billion-more-than-they-took-in/
1. YTD deficit of $73B - https://infotel.ca/newsitem/fiscal-monitor/cp2130154807
2. Currency - https://www.reuters.com/article/canada-forex/canada-fx-debt-c-posts-biggest-weekly-decline-since-august-on-risk-aversion-idUKL1N2U829F
3. GDP - https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/
4. Green inflation - https://euobserver.com/climate/154220
5. Trade - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
6. Skills gaps - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
7. Input Costs / AG - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
8. Middle class taxes - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
9. Wealth taxes - https://financesofthenation.ca/2022/01/26/why-wont-canada-increase-taxes-on-capital-gains-of-the-wealthiest-families/
10. Value for money - https://www.thespec.com/opinion/contributors/2022/01/26/value-for-money-audit-could-unlock-police-ingenuity-creativity-and-innovation.html
11. Funding transit - https://fcm.ca/en/news-media/news-release/big-city-mayors-federal-government-public-transit-needs-our-help
12. What plans?
a. https://www.canada.ca/en/innovation-science-economic-development/news/2022/01/government-of-canada-delivers-on-commitment-to-reduce-cell-phone-wireless-plans-by-25.html
i. This is misleading because it is based on plans. https://www.iphoneincanada.ca/carriers/rogers/rogers-telus-bell-have-lowered-cellphone-plans-by-25-as-agreed-says-ottawa/
1. If you renew your plan than you will see different rates due to what is being offered.
Canada - Fiscal Management - Deficit and Debt - January 2022.pptxpaul young cpa, cga
Canada heads to a very difficult time with a government that solely focus on its progressive agenda and climate change. The government continues push forward with new programs despite a structural deficit that has not been addressed since the December 2019.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Similar to Failure of Trudeaunomics - April 2022.pptx (20)
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.
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/
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.
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
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. Paul Young CPA CGA - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
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
Blog – Tax Fairness and Wealth Taxation – Canada and the World – November 2021
Canada’s natural resources wealth decline in 2020.
The effective tax rate was unchanged from 2018 to 2019 for high income earner.
Dividend income led to rise in total income.
https://www.slideshare.net/paulyoungcga/wealth-and-taxation-fairness-november-2021
The average total income for all tax filers grew 0.7% to $51,000 in 2019. However, total
income grew at a faster pace for tax filers at the top of the income distribution compared
with those in the middle or at the bottom.
Average total income for the top 1 percent of Canadian tax filers grew 1.8% in 2019,
compared with a 0.8% increase among the bottom 50 percent. Average income was
relatively unchanged for those in the upper middle of the distribution (51st to the 90th
percentiles).
Moreover, the average total income growth for the top 0.1 percent (+5.5%) and the top
0.01 percent (+13.9%) of tax filers greatly outpaced those in the top 1 percent.
The growth in the total income of high-income tax filers was largely driven by dividend
income. For example, while average employment income for tax filers in the top 1
percent increased by half a percentage point in 2019, their average dividend income
grew by 10.5%. The average dividend incomes grew even faster for tax filers in the top
0.1% (+18.9%) and top 0.01% (+34.8%) in 2019
Canadian tax filers spent, on average, 11.8% of their modified total income on federal,
provincial/territorial income taxes and employee contributions to Employment Insurance
and the Canada/Quebec Pension Plan (federal payroll taxes) in 2019, unchanged from
2018.
10. Top Income Earner/Canada
• Combined Provincial/Territories range 47% to 55%
• NB has highest combined 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. 13
GDP Growth and Deficits
Source – Stats Canada, BMO, and Finance Department – Canada
14. GDP by Industry
GDPIndustry-
Canada-December2021.pdf
GDP growth is led by real estate and govt spending.
NR sector continues to lag other sectors in terms of growth despite high commodities prices
Household debt is at all-time high
Canada still faces challenges with productivity
https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canada-january-2022pptx
17. 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
18. Daycare
- PQ model has issues
- There are already issues with available sites
- There have been issues with regulating daycare centers
- This is about more govt jobs (ECE)
- Ontario used its FDK as part of managing childcare
https://www.slideshare.net/paulyoungcga/daycare-and-child-
care-funding-canada
22. Summary - Employment
• Full time employment gained 121,500, while part-time work rose by 215,100 positions.
• The country shed about 200,000 jobs in January, mostly in pandemic-exposed sectors like
accommodation and food services. That industry recorded the biggest gain in February, with a 12.6 per
cent increase. Hours worked -- which is closely correlated to output -- rose 3.6 per cent in February
• The goods-producing sector continues to lag the service sector in terms of net new jobs!
• Public Sector jobs continue to expand but at a lesser pace in February 2022
Source - https://www.bnnbloomberg.ca/you-re-hired-canada-added-336-600-jobs-in-feb-crushing-
estimates-1.1736137
Blog – Employment and Labor Market – Canada – February 2022
Employment -
February 2022.pdf
Canada adds 337K
jobs in February, unemployment drops below pre-pandemic levels - National Globalnews.ca.pdf
Canada's Ivey PMI
climbs to 3-month high in February.pdf
The world needs
Canadian oil and gas — it just doesn't know it yet CBC News.pdf
The 10 most needed
jobs in Canada for the long term.pdf
TECHNATION
Partners with Council of Canadian Innovators on new Executive Education Program focused on Board Governance - TECHNATION.pdf
18 Easy Jobs That
Pay Well & Make a Difference.pdf
Why Canada is losing
affordable rental housing faster than it’s being built Radio-Canada.ca.pdf
ESG and Mining.pdf Surging rents and
stagnant wages are impacting the critical workforce, including ECEC.pdf
Pay Gap for Working
Women Keeps Wages Down for Everyone in Japan - BNN Bloomberg.pdf
How to break the
bias in Canada’s gender and trade… The Monitor.pdf
Future of Work What
Job Roles Will Look Like In 10 Years [Updated].pdf
Canada cranks out
337,000 jobs with Omicron restrictions lifting - BNN Bloomberg.pdf
Canada cranks out
337,000 jobs with Omicron restrictions lifting - BNN Bloomberg.pdf
Household Debt -
Canada.pdf
Cdn Jobs Silver
Lining in Reopening Playbook.pdf
Cdn Jobs Silver
Lining in Reopening Playbook.pdf
Summary:
Full time employment gained 121,500, while part-time work rose by 215,100 positions.
The country shed about 200,000 jobs in January, mostly in pandemic-exposed sectors like
accommodation and food services. That industry recorded the biggest gain in February, with a
12.6 per cent increase.
Hours worked -- which is closely correlated to output -- rose 3.6 per cent in February
The goods-producing sector continues to lag the service sector in terms of net new jobs!
Public Sector jobs continue to expand but at a lesser pace in February 2022
Source - https://www.bnnbloomberg.ca/you-re-hired-canada-added-336-600-jobs-in-feb-crushing-
estimates-1.1736137
1. Canada employment - https://globalnews.ca/news/8675538/canada-jobs-unemployment-
february-2022-pandemic/
2. PMI - https://ca.finance.yahoo.com/news/canadas-ivey-pmi-climbs-3-151420782.html
23. 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.
25. 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
26. Guarantee Income / Basic Income
https://www.ubiworks.ca/guaranteed-
livable-basic-income
@LeahGazan CAN does not need
guaranteed income programs. CAN needs to
address issues with OAS and income
supplements for seniors. Canada needs to
address policies that make CAN more
competitive!
https://www.slideshare.net/paulyoungcga/ub
i-guarantee-income-canada-social-safety-
net
@waterloosuze
Leah has sponsored a private member bill
Basic income? How about we fix what ails the economy?
There is a big push to moved people from CERB to UBI
https://www.slideshare.net/paulyoungcga/policy-review-unemployment-
insurance-canada
You can expect 500K or more jobs not coming back post-covid19. Could this be
grounds for the government to push basic income?
1. Job Quality - https://www.slideshare.net/paulyoungcga/job-quality-
canada-vs-usa
2. Growing the economy - https://www.slideshare.net/paulyoungcga/slow-
economic-growth-canada-march-2020
3. Emphasis on the skill trades -
https://www.slideshare.net/paulyoungcga/2019-election-skills-
management-career-and-employment-canada-september-2019
Throwing money at the symptoms does not make the problem go away!
27. Media and Online
Pablo Rodriguez, Minister of Canadian Heritage, announced funding of $2.5 million to launch initiatives
that help people identify misinformation and disinformation online.
https://lethbridgenewsnow.com/2022/03/16/canadian-government-providing-support-to-
counter-disinformation/
1. Liberals look at ways to control the news:
https://torontosun.com/opinion/columnists/gunter-woke-liberals-move-to-dictate-
what-is-news
2. Online - https://ca.finance.yahoo.com/news/updated-online-safety-bill-reaches-
223000493.html
3. B-C-11 - https://www.blakes.com/insights/bulletins/2022/bill-c-11-a-proposal-to-
regulate-online-streaming
4. Power of Government - https://www.hilltimes.com/2022/03/03/proposed-
broadcasting-act-updates-give-cabinet-too-much-power/347862
GUNTER Woke
Liberals move to dictate what is news Toronto Sun.pdf
Updated Online
Safety Bill reaches Parliament promising to make internet safer.pdf
Proposed
Broadcasting Act updates give cabinet too much power - The Hill Times.pdf
Bill C-11 A Proposal
to Regulate Online Streaming Platforms Blakes.pdf
Three proposed bills
in Canadian Parliament that can lead to the Concentration Camp CANADIANS WAKE UP!! Toronto Caribbean Newspaper.pdf
https://twitter.com/pablorodriguez/status/1496898620787859482
@JustinTrudeau shuts down anyone that disagrees with him!
https://1drv.ms/f/s!AnAbwpAKXjWJkLQ1FzxIaiFNnqs1ww
I will no longer be able to update this presentation via Slideshare due to changes in policy, It
seems if you call out the failures of a govt like @JustinTrudeau , then your work gets blocked!
https://www.slideshare.net/paulyoungcga/has-justin-trudeau-been-open-transparent-and-
accountable-to-canada-251286238
@Swiftie01 @GasPriceWizard @waterloosuze @DanAlbas @sunlorrie
This is my new site - Here is my latest work on the transparency model for Justin Trudeau –
https://1drv.ms/f/s!AnAbwpAKXjWJkLQ1FzxIaiFNnqs1ww
https://onedrive.live.com/?id=89355E0A90C21B70%21268854&cid=89355E0A90C21B70
Pablo Rodriguez, Minister of Canadian Heritage, announced funding of
$2.5 million to launch initiatives that help people identify
misinformation and disinformation online.
https://lethbridgenewsnow.com/2022/03/16/canadian-
government-providing-support-to-counter-disinformation/
1. Liberals look at ways to control the news:
https://torontosun.com/opinion/columnists/gunter-woke-
liberals-move-to-dictate-what-is-news
2. Online - https://ca.finance.yahoo.com/news/updated-
online-safety-bill-reaches-223000493.html
3. B-C-11 -
https://www.blakes.com/insights/bulletins/2022/bill-c-11-
a-proposal-to-regulate-online-streaming
Power of Government -
https://www.hilltimes.com/2022/03/03/proposed-
broadcasting-act-updates-give-cabinet-too-much-
power/347862
28. Pharmacare
More focus will be on gene and immune therapy
Data and AI will continue to play a key role in the mapping of genes
Governments around the world need to address gaps with their healthcare delivery model
WHO needs to do a better job mitigating the spread of diseases and variants?
Pharmacare is very expensive to implement
Blog – Pharmaceutical and Biotech – What is next - https://www.slideshare.net/paulyoungcga/what-is-next-for-biotech-and-pharma-251345300
1. Future pandemics - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-plots-vaccines-against-15-pathogens-with-future-pandemic-
potential-2022-03-08/
2. Pandemic proofing - https://www.researchprofessionalnews.com/rr-news-uk-innovation-2022-3-government-and-industry-commit-to-pandemic-proofing/
3. MRNA - https://www.fiercepharma.com/pharma/moderna-will-provide-access-technology-spikevax-high-income-countries-will-have-pay
4. Healthcare and Pandemics - https://www.pharmaceutical-technology.com/features/two-long-years-of-covid-19-lasting-questions-for-pharma-and-
healthcare/
5. Risk Mitigation - https://www.nationaldefensemagazine.org/articles/2022/3/8/software-supply-chain-security-turns-to-risk-mitigation
6. Trends - https://www.newswire.ca/news-releases/clarivate-deals-report-highlights-emerging-trends-in-biopharma-deal-making-835608549.html
7. Industry 4.0 - https://venturebeat.com/2022/03/12/digitization-could-drive-manufacturing-beyond-industry-4-0/
8. ESG - https://www.fiercepharma.com/marketing/pharma-esg-efforts-overwhelmingly-skew-social-while-environment-and-governance-come-up
9. Supply chain - https://www.expresspharma.in/pharma-to-lead-blockchain-adoption-in-supply-chain/
10. Manufacturing - https://www.healthcarepackaging.com/markets/pharmaceutical/article/22105856/pmmi-future-for-pharmaceutical-manufacturers-
includes-more-digitized-data-collection
11. Healthcare crisis - https://www.fiercehealthcare.com/tech/data-automation-startup-veda-gets-45m-boost-to-help-reduce-healthcare-overhead-costs
12. AI - https://www.fiercehealthcare.com/tech/industry-voices-how-ai-solving-some-healthcare-s-biggest-challenges-during-pandemic
29. PBO – Carbon Tax
I bet you never mentioned the following:
Canada is a carbon sink!
Canada ranks globally when it comes to
developing its NR in sustainable way!
Carbon taxation punishes the low to middle
class income earners
Lack of integrated policies for circular
economy
https://www.slideshare.net/paulyoungcga/m
itigation-the-impact-of-climate-change-
while-growing-the-green-and-circular-
economy-in-a-sustainable-way-pptx
Federal budget may
provide more funding for climate plan Gilbeau - Today Nation News.pdf
30. 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
31. 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
32. 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!
33. Trickle Down Economics and 2019 Election
https://thestarphoenix.com/news/politics/election-2019/john-ivison-scheers-endless-spending-promises-are-giving-the-liberals-an-easy-stick-to-beat-him-with/wcm/c6383a69-bff4-
4d80-8ba3-694b7b0a8c9b?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2K9ZdIcLc0sNI5b4sicy1cgzCQk-
4gU8FTI48vr7iplok4dNnX3LS8Pls#Echobox=1569378292
John Ivison: Scheer's endless spending promises are giving the Liberals an easy stick to beat him with
How so, John?
Trudeau said economies grow from the heart, right?
Trudeau said budget balances themselves, right?
Trudeau has miss managed every file - https://www.youtube.com/watch?v=dyizMrTpHr0 or https://www.slideshare.net/paulyoungcga/liberal-
party-of-canada-government-record-2015-to-2019
1. There is already a $14B shortfall due to many failures of Trudeau. Trudeau is not about efficient govt. Scheer will look at w ays to streamline
govt just like Harper did during his time in office - https://www.slideshare.net/paulyoungcga/2019-election-public-sector-efficiency-canada-
july-2019
2. Scheer is about reducing regulations and eliminating regressive taxes - https://www.slideshare.net/paulyoungcga/2019-election-who-do-your-
trust-more-when-it-comes-to-tax-fairness
3. Scheer is about making Canada more competitive which would benefit FDI - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-
economy-canada-june-2019
FYI – Ivison wrote a book on Trudeau, right? So, what is Ivison game - https://www.penguinrandomhouse.ca/books/600389/trudeau-by-john-
ivison/9780771048951 Could John be promoting his book?
34. Green Inflation
Blog - Decarbonization And 'Greenflation'
Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global
warming at theoretically safe levels.
That will likely bring price shocks associated with rising metal prices, energy costs, and carbon
taxes – what has been called “greenflation”.
Greening the economy will also require public spending and redistributive policies.
https://seekingalpha.com/article/4474720-decarbonization-and-greenflation?mail_subject=decarbonization-and-
greenflation&utm_campaign=nl-macro-view&utm_content=link-
0&utm_medium=email&utm_source=seeking_alpha
The world including the United States are seeing highest inflation since the 1980s (Source -
https://www.slideshare.net/paulyoungcga/cost-of-living-the-united-states-inflation-november-2021) and
environment - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-
250803941 and Cost of Living / Canada https://www.slideshare.net/paulyoungcga/cost-of-living-
canadainflation-november-2021
35. 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
• The role of government is set policy to encourage investment. Too much
tax and regulations do not lead to strong economic growth -
https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-
canada-june-2019
• Government should stop using Keynesian economics unless it is targeted on
measures that will support infrastructure spending and make a country
more competitive - https://www.slideshare.net/paulyoungcga/keynesian-
economics-july-2017
• 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
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.
Und er s t
a nd ing t
w
o
d eca d es o f w
ea k eco no mic p er fo r ma nce in Ont
a r io Fr a s er I
ns t
it
ut
e.p d f
Ca na d a w
ill ha ve
'a nemic' eco no mic r eco ver y No ur iel Ro ub ini - Vid eo - B
NN.p d f
'Na t
io n-b uild ing '
inves t
ment
s in elect
r icit
y g r id need ed t
o r ea ch net
-zer o E xp er t
s .p d f
Aud it
o r g ener a l
r ep o r t s hed s mo r e lig ht o n Ont
a r io 's s o a r ing elect
r icit
y co s t
s Fr a s er I
ns t
it
ut
e.p d f
Ca na d a 's Ad va nced
M a nufa ct
ur er s Lea d b y E xa mp le No r t
hs t
a r M eet
ing s Gr o up .p d f
Ca na d ia n
Ho us eho ld s Rever s ed Pr o g r es s On Deb t
, Hit
s A New Reco r d Hig h - B
et
t
er Dw
elling .p d f
The Va lue o f Gr een
B
uild ing s .p d f
J o hn E nd r es Silico ne
s melt
ing p r o ces s t
a r nis hes 'g r een' cla im fo r s o lo r p a nels The Sp o k
es ma n-Review
.p d f
Pr o fit
a b ilit
y Of So la r ,
Wind Fa r ms E r o d es As Renew
a b le I
nd us t
r y Ga ins Heft
.p d f
Co mmo d it
y p r ices
incr ea s e a s mining t
r a ns it
io ns t
o g r een ener g y.p d f
Ris ing inp ut co s t
s
a mid s up p ly s ho r t
a g es s t
r es s ful fo r Sa s k
. fa r mer s CB
C New
s .p d f
1. Climate change spin - https://todaynationnews.com/federal-budget-may-provide-more-funding-
for-climate-plan-gilbeau/
2. Canada will anemic recovery from COVID19 -
https://www.bnnbloomberg.ca/economics/video/canada-will-have-anemic-economic-recovery-
nouriel-roubini~1952798
3. Australia was years ahead of developing its critical metal mining operations -
https://www.abc.net.au/news/2022-03-16/government-funds-critical-minerals-end-china-
reliance/100912002
4. Grid investment - https://ca.finance.yahoo.com/news/nation-building-investments-electricity-
grid-080000681.html . – FIT failures - https://www.fraserinstitute.org/blogs/auditor-general-
report-sheds-more-light-on-ontarios-soaring-electricity-costs
5. Lack of advance manufacturing strategy -
https://www.northstarmeetingsgroup.com/Destination-Guides/International-and-US-
Territories/business-events-canada-advanced-manufacturing
6. Household debt - https://betterdwelling.com/canadian-households-reversed-progress-on-debt-
hits-a-new-record-high/
7. Green building - https://www2.deloitte.com/ce/en/pages/real-estate/articles/the-value-of-
green-buildings.html
Editor's Notes
http://globalnews.ca/news/2316192/heres-what-we-know-about-canadas-highest-earning-1/ or https://www150.statcan.gc.ca/n1/daily-quotidien/171115/dq171115a-eng.htm
http://www.statcan.gc.ca/daily-quotidien/160426/dq160426a-eng.htm or https://www.theglobeandmail.com/politics/article-high-income-earners-paid-46-billion-less-in-taxes-in-2016-despite/