Blog – Cost of Living and Inflation – Canada – September 2022 Summary: Canada inflation continues to remain at 40-year highs. Food prices especially continue to increase in price. Former adviser has spoken about high inflation - https://financialpost.com/news/economy/inflation-inequality-trudeau Food bank usage continues to be on the rise - https://worldnewsera.com/news/canada/food-banks-grappling-with-rising-demand-inflation-ahead-of-thanksgiving-national-globalnews-ca/ Businesses are facing litany of tax increase like CPP and EI (Payroll) along with carbon tax escalation - http://www.baystreet.ca/articles/economiccommentary/81636/101822. Trudeau government talks out of the corner of their mouth about reducing the small business federal corporate tax rate to 9%. https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week. The federal government does not seem to grasp that hiking taxes can lead to reduce profit margins. Canada is rich in natural resources and arable land. Canada could be a world leader in energy, forestry, mining, and agriculture exports if Canada had the right support from the federal government - https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week I am all about solutions. The federal government seems to think tax and spend approach will stabilize inflation. It will not! https://www.slideshare.net/paulyoungcga/how-to-reduce-inflation-in-canadapptx Wages growth is becoming a key issue for all levels of government - https://www.hcamag.com/ca/specialization/financial-wellness/why-increasing-wages-wont-help-in-the-cost-of-living-crisis/424328 Canada is also creating far more government jobs as compared to private sector - https://businessexaminer.ca/victoria-articles/item/most-new-canadian-jobs-are-in-the-public-sector-not-private/ Gasoline prices continue to play havoc with supply chains and consumers - https://building.ca/bocs-macklem-says-hes-not-backing-down-on-rate-hikes-even-as-recession-fears-grow/ NDP under the leadership Jagmeet Singh keeps focusing on greed inflation while giving a past to fuel standard and carbon tax hikes. NDP has always been since Singh was elected are great at driving emotional wedge issues with their base. The problem many times the NDP is out to lunch when it comes to what is really driving issues with inflation including lack of improvement with productivity, lack of innovation, skills gap, supply chain challenges, and high cost of housing. https://www.slideshare.net/paulyoungcga/corporate-proftis-vs-corporate-greedpptx

1. HOW TO
REDUCE THE
INFLATION
RATE IN
CANADA
Presenter Name: Paul Young
CPA CGA
Date: October 27, 2022

2. PAUL YOUNG - 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: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. AGENDA
• Gasoline Prices
• Gasoline Prices by Ontario Election Mandate
• Commodity Prices
• Ontario Cap and Trade
• Energy Poverty
• Failure of the Green Act
• Circular and Green Economy
• Emissions / Climate Change
• McGuinty and Taxes
• Key Cost Drivers
• LNG
• Natural Resources Sector
• Agricultural Sector
• Competitiveness
• Housing
• Small Business Sector
• Manufacturing
PRESENTATION TITLE 2/11/20XX 3

4. GASOLINE PRICES
PRESENTATION TITLE 2/11/20XX 4

5. KEY CITIES BY ELECTION MANDATE
PRESENTATION TITLE 2/11/20XX 5

6. COMMODITY PRICES
PRESENTATION TITLE 2/11/20XX 6

7. ONTARIO CAP AND TRADE
PRESENTATION TITLE 2/11/20XX 7
Source - https://globalnews.ca/news/3097838/cap-and-trade-to-cost-people-business-8b-in-
first-years-auditor/

8. ENERGY POVERTY
PRESENTATION TITLE 2/11/20XX 8
https://www.slideshare.net/paulyoungcga/ndp-promises-and-realities-ontario-2018-election-20182205
Horwath will promise people the world to get elected. The bottom line is NDP promises are too rich to what
Ontario can afford. Ontario must restructure its government as well as introduced policies that will support
economic growth. The last time NDP was in power in the 1990s both jobs and investment went south due to
NDP’s policies. Canada has tripled its wind, solar, etc. since 2011. There are parts of Canada that have very high
energy costs that have led to energy poverty
It is amazing how @AndreaHorwath all but ignores energy poverty, right?
https://www.summitt.ca/higher-energy-prices-fueling-energy-poverty-in-canada
I see no solution from the NDP

9. FAILURE OF THE GREEN
ACT
PRESENTATION TITLE 2/11/20XX 9
1. FIT – Failures - http://business.financialpost.com/opinion/boondoggle-how-ontarios-pursuit-of-renewable-energy-
broke-the-provinces-electricity-system and https://www.slideshare.net/paulyoungcga/ontarios-failed-green-agenda-
october-2019
2. Electrical Car Failures - https://www.cbc.ca/news/canada/toronto/ontario-cuts-off-rebates-for-electric-vehicles-
costing-more-than-75k-1.4571548 - This never bumped car sales
3. Smart Meter - http://www.cbc.ca/news/canada/toronto/smart-meters-hydro-bills-ontario-time-of-use-pricing-
1.3862462
4. http://torontosun.com/2017/09/05/ontario-energy-efficiency-programs-wont-work/wcm/6ae78550-0289-413c-a56e-
e7abc6ef6e94 - Minimal savings
https://twitter.com/AndreaHorwath/status/1009238019226947587 or
https://www.canadianmanufacturing.com/regulation/ontario-green-renovation-rebates-funded-through-cap-and-trade-
system-cancelled-214926/

10. CIRCULAR AND GREEN ECONOMY
PRESENTATION TITLE 2/11/20XX 10
Summary:
Moving to zero-emissions will require a drastic improvement in energy storage and electrical vehicle range
Countries with sizeable size of critical metals have many geo-political issues
Investment in both plug-in stations will require billions of public and private sector funding
Wind and solar continue to be focus of power companies.
Green inflation is here to stay
Roof top fires are becoming a growing concern for fire services around the globe
All levels of governments need to stop subsidizing the green economy through direct grants and funding. The focus
should be on tax policy including the streamlining of regulations.
https://www.slideshare.net/paulyoungcga/mitigation-of-climate-change-green-and-circular-economy-april-
2022pptx

11. EMISSIONS AND CLIMATE CHANGE
PRESENTATION TITLE 2/11/20XX 11
https://policyoptions.irpp.org/magazines/february-2022/embracing-the-unknown-cost-of-climate-change/
Canada is a carbon sink! https://financialpost.com/diane-francis/diane-francis-canada-is-a-giant-carbon-sink-why-are-we-
not-getting-credit-for-it or https://policyoptions.irpp.org/magazines/june-2018/canadas-carbon-sinks-dont-mean-we-can-
ease-off-on-climate-policy/ or https://biv.com/article/2020/08/bc-carbon-tax-ineffective-ceri
My work: https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-november-2021 or
https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-
economies

12. MCGUINTY AND TAXES
PRESENTATION TITLE 2/11/20XX 12
@StevenDelDuca throughout this campaign has said little how he is different person than the one that served under
bad Wynne Governments.
https://www.slideshare.net/paulyoungcga/20221805del-duca-is-no-leader-2022-ontario-electiondocx
https://toronto.ctvnews.ca/mcguinty-vows-again-not-to-raise-ontario-taxes-1.255938 or the harmonized sales tax -
https://www.canada.ca/en/treasury-board-secretariat/services/reporting-government-spending/what-we-are-
doing/transition-harmonized-sales-tax-ontario-british-columbia-winding-down-provincial-sales-tax-ontario-british-
columbia.html

13. KEY COST DRIVERS
PRESENTATION TITLE 2/11/20XX 13

14. LNG LOSS ECONOMIC
OPPORTUNITY
Source - https://finance.yahoo.com/finance/news/top-lng-supplier-europe-warns-165557869.html
• Canada has no LNG export capacity. I estimate the federal government has loss about between 259M
and 500M per year in lost taxes and royalties.
• EMEA likely will move to cleaner sources of power before Canada can build any LNG projects.
Liberals drop the ball on making Canada an energy super power

15. NATURAL RESOURCES LOSS
OPPORTUNITY
• I estimate that Canada could be losing
between $10B to 16B per year on loss taxes at
the federal level due to inability of the Liberals
to develop Canada NR in a sustainable way

16. FOOD COSTS
PRESENTATION TITLE 2/11/20XX 16
Blog – Food and Drinking Places (Hospitality) – Canada – June 2022
https://www.slideshare.net/paulyoungcga/hospitality-and-food-
services-sector-june-2022pptx
- More and more food services sector companies are turning to
more automation
- Door Dash and other online applications continue to thrive as
more and more people are spending money on restaurant and
bar sector
Summary
Food costs will continue to be high
Food insecurity will continue to plague governments around the
world
Farm equipment sales are expected to be 4.6% through 2027
More and more governments are looking at vertical farming as a
possible solution for food supply and security issues
Expert farming through data and AI practices are helping to
improve crop yields and food production
https://www.slideshare.net/paulyoungcga/agriculture-
equipment-sector-analysis-and-commentary-farmingpptx-
252950492

17. COMPETITIVENESS
PRESENTATION TITLE 2/11/20XX 17
Canada continues to struggle with productivity.
Wages continue to rise.
Business automation spending continue to grow for both the private and public sectors
Carbon tax and high commodity prices are leading to a rise of raw material costs.
Canada GDP would be performing much better if all levels of government work together on policies that would support
FDI in the goods producing sector.
https://www.slideshare.net/paulyoungcga/how-to-address-competitiveness-for-canada-august-2022pptx

18. HOUSING
PRESENTATION TITLE 2/11/20XX 18
@ChadCollinsMP @FilomenaTassi @karinagould @chris_bittle
Where are you on these issues:
Addressing the trade skill gaps & shortages
Zoning and land-use laws
Adoption of 3D printing for housing
Cost of construction materials or is the rise corporate greed?
https://www.slideshare.net/paulyoungcga/affordable-housing-and-homelessness-canada-and-the-world-september-
2022pptx

19. SMALL BUSINESS
PRESENTATION TITLE 2/11/20XX 19
Blog – Small to medium-size business and Mary Ng
Why? So, Mary can find new ways to tax them!
https://www.slideshare.net/paulyoungcga/dawn-of-a-new-era-for-smallto-medium-size-public-and-private-sectors-
entities-250930548
BTW: Can you ask how Mary Ng’s ethical case is going? I would think there be a ruling by now, right?

20. MANUFACTURING
SECTOR
PRESENTATION TITLE 2/11/20XX 20
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on
lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-
7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles
(+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain
and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%)
contributed the most to the increase, while the wood product industry (-6.3%) posted the largest
quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index
declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the
second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
https://www.slideshare.net/paulyoungcga/manufacturing-sector-canada-june-2022pptx

21. FOOD COSTS AND SECURITY
@atRachelGilmore Farmers have been dealing with
seasons for decades. The real issues facing farmers
are government policies like the carbon tax or
reduction of fertilizer or lack of support for
sustainable farming practices like expert & vertical
farming!
https://www.slideshare.net/paulyoungcga/agriculture-
equipment-sector-analysis-and-commentary-
farmingpptx-253516619

22. SUMMARY
PRESENTATION TITLE 2/11/20XX 22
• All levels of government need to scrap fuel standard and carbon taxes
• All levels of government need to work together to streamline regulations related to goods-producing sector
• All levels of government need to focus on addressing issues related to productivity, innovation, skills gap,
and building a resilient supply chain
• Policies need to better support food production including expert and vertical farming
• Better land-use policies including how best to develop land for agriculture, commercial, industrial,
government, and residential
• Climate change policies should focus on the circular and green economy. Policies need to benefit
everyone and not companies chosen by partisan politics
• Emissions need to be measure by km2 and not by population. More focus needs to be on waste
management, forestry management, land management, water management, and sustainable mining
practices
• All levels of government need to address their delivery model including more value for money and
performance audits
• There needs to be audited emergency and risk management reports for all levels of government including
the private sector
• Changes to tax laws as part of better supporting manufacturing including advance manufacturing
• All levels of government need to perform a spending review
• More money for infrastructure including roads, bridges, ports, rail, etc. Building a resilient supply chain
should be a top priority
• Wage, pension, and benefit reforms by all level of government as part of cost management
Not once has Gil blamed green inflation risen by @JustinTrudeau climate change policies, why?
https://www.slideshare.net/paulyoungcga/revised-cost-of-living-canada-september-2022pptx
https://twitter.com/theJagmeetSingh/status/1585300812997488641
@theJagmeetSingh do you stand up for green inflation caused by the fuel added tax, excessive
regulations, and the carbon tax? You blame Corp greed as way to pull votes to you, right
Jagmeet?
https://www.slideshare.net/paulyoungcga/revised-cost-of-living-canada-september-2022pptx
So, what is your excuse for high inflation after the Liberals' first mandate or between the Mandate 2 and
Mandate 1? It seems the only angle that you look at is greed inflation, right Jagmeet
https://www.slideshare.net/paulyoungcga/revised-cost-of-living-canada-september-2022pptx
https://www.slideshare.net/paulyoungcga/revised-cost-of-living-canada-september-2022pptx