Monday, March 20, 2023

Your Broken Country and You

Young people are dour about the future. Confidence in institutions is on the decline and a significant number believe Canada is on the wrong economic track.


And who put the country there, Canada?

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The top federal tax rate of 33 per cent currently kicks in at an income of more than $235,675 for 2023, which is a 6.3 per cent bump in the threshold over 2022 as a result of the high inflation we’ve been experiencing over the past year. The NDP’s pre-election platform hoped to increase the top rate by two percentage points to 35 per cent. If enacted, this could bring the top combined marginal tax rate, once provincial tax is factored in, to approximately 56 per cent in British Columbia, Ontario, Quebec and Nova Scotia, and to 57 per cent in Newfoundland and Labrador.


Who would vote for this?

I think we know.

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Cabinet is rejecting a proposal to extend early Canada Pension Plan benefits to aging coal miners facing unwanted retirement due to climate regulations. Natural Resources Minister Jonathan Wilkinson in a letter to MPs said the proposal “would create inequities.”



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