People actually voted for this on the strength of shifty and rather obvious lies.
Having inflation, crippling taxes, and no will or ability to make or print money, the Liberals did what they always did: promise to do so much with NO money.
This time, however, no one believes them.
To wit:
Food inflation is headed downward, yet per capita food expenditures are also falling. The average Canadian now spends approximately $248 monthly on food at retail outlets, a significant drop from the $339 needed to sustain a healthy diet. This reduction is evident in a shift towards cheaper, nutritionally deficient alternatives — a trend previously unseen in Canada.The root cause extends beyond food prices alone. The cost of living, primarily housing, has prompted many Canadians to economize at the grocery store. In response, the Trudeau government has focused intensely on housing policies in recent weeks, though the strategies employed are open to debate.
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Alberta really is a beautiful province:
The average price of a detached home in Vancouver is $1,943,200, while wages in the city are nowhere near what it would take to afford a house. RBC has called it a “full-blown” crisis. Another report deemed B.C. the country’s most unaffordable place for a renter to live.In contrast, a house in Calgary sells for $567,900, with a similar property in Edmonton priced at $508,411. As the reality dawns on people, the prospect of leaving B.C. doesn’t feel as daunting. The lure of its beauty and warmth gives way to the chance of raising a family and having more disposable income.
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**It’s true. Got some inside information.
— Mark Bohaichuk (@m_bohaichuk) April 15, 2024
The 2024 budget coming from @cafreeland and the @liberal_party has been termed as “The scorched earth budget”
It, apparently is payback for the disloyal Canadians that have been turning against them.
We will know more tomorrow I…
The Liberals say they are “asking the wealthiest Canadians to pay their fair share” by increasing the taxes on profits from capital gains in the federal budget tabled Tuesday, as they aim to pay for their billions in new expenses.
That “ask,” which won’t actually be optional, strongly echoes language used lately by the NDP, which has been supporting the Liberals’ minority government in a supply and confidence agreement.
(Sidebar: interesting. Justin, the most monied of party leaders, has a net worth of $10 million, which he inherited. Never had a real job. Were his net worth taxed 33%, so far the highest taxable income, that would leave $3,300,000. What welfare program would THAT fund? And let's not forget Justin Rolexed toady, the most expensive MP.)
The government announced it will be amending the Income Tax Act to increase the inclusion rate on all capital gains realized by corporations and trusts from one-half to two-thirds as of June 25, 2024 and raise the inclusion rate to two-thirds for capital gains above $250,000 realized by individuals.
“To grow the middle class and invest in younger Canadians —while keeping their taxes lower — new generational investments in Budget 2024 will be supported by contributions from the wealthiest Canadians,” reads the 416-page budget document.
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However, with still no projected budget balance and bigger deficits forecasted in every year ahead than was previously projected, the budget — titled "Fairness for Every Generation" — notes that federal public debt charges are on track to balloon to $64.3 billion in 2028-29.
Aside from the weeks long pre-budget blitz of expected new measures, the 2024 budget includes some additional offerings for small businesses and entrepreneurs – including through a new carbon rebate(opens in a new tab) – and finally puts dollar figures on the first phase of national pharmacare, as well as the long-promised disability benefit.
Overall, the 2024 federal budget includes $52.9 billion in new spending plans – some of which is loan-based and reliant on provincial buy-in – as well as an estimated $20 billion in new tax revenue, including tobacco and vaping taxes.
According to the budget, the federal deficit is projected to be $39.8 billion in 2024-25, $38.9 billion in 2025-26, and declining over the three years following, to $20 billion by 2028-29.
Freeland did hit her target of maintaining the 2023-24 federal deficit at $40.1 billion, and will be lowering the debt-to-GDP ratio in the current fiscal year. She's also standing firm on her plans to "refocus" $15.8 billion over five years and $4.8 billion ongoing in government spending.
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Cabinet today proposed new controls and taxes on real estate to take effect in 2025. Measures to be detailed in “consultation” documents this summer include a tax on undeveloped property: “The government will consider introducing a new tax.”
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“Canada’s productivity is in crisis and the best way to get it back up is to attract new investments,” said Renaud Brossard, vice-president of communications at the Montreal Economic Institute in a statement after the budget. “And few are those who have been able to lure investments and job creators with promises of higher taxes.
“With this budget, the Trudeau government is shooting us in the foot.”
The inclusion rate increases to 66 per cent, up from 50 per cent, on capital gains above $250,000 for individuals and on all capital gains for corporations and trusts. The change is expected to yield an additional $19.4 billion over four years.
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It takes approximately four private sector jobs to sustain one public sector position.
— The Food Professor (@FoodProfessor) April 15, 2024
Is there a productivity crisis in Canada? Absolutely. https://t.co/rqHQ9YxJsh
Indeed!:
Peak inflation rates in 2022 cost Canadians a major chunk of their wages, according to a new Statistics Canada report.
The report, released Friday, says the Consumer Price Index rose 6.8 per cent on average that year, while median annual wages decreased in most provinces and territories when adjusted for inflation.
The inflation increase in 2022 was a 40-year-high since 1982’s 10.9 per cent hike, according to StatCan. Tax filers in 2022 reported median wages of $45,380, a 1.6 per cent decline from the previous year after adjusting for inflation.
So while on paper wages may have gone up, incomes didn’t go as far when inflation was factored in.
StatCan’s report says the inflation hike took an “outsized bite out of real annual wages, salaries and commissions reported by tax filers in that year.”
“This decline coincided with a recovery of employment in lower wage sectors in 2022, which followed periods of COVID-19 pandemic-related shutdowns in 2020 and 2021,” the report explains.
Examples of these types of employment were the arts, entertainment and recreation sectors which accounted for 1.6 per cent of total employment in 2022 compared to 1.4 per cent in 2021. Another example was the accommodation and food services sector, which accounted for 7.1 per cent of total employment in 2022, versus 6.3 per cent the previous year.
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This is truly remarkable. The starting cost of the Canadian Dental Care program is $4.4 BILLION per year and they've only managed to sign up 8 dentists across 3 provinces - that's a cost of $550 MILLION per dentist. https://t.co/4C9wmVKgyy
— Amazing Zoltan (@AmazingZoltan) April 16, 2024
In short, artificial class division, taxing the rich which will not work to pay for the expensive promises made, nor will doing so create jobs or keep wealth in the country, abolition of private property through taxes, an over-worked and over-taxed population that might just leave Canada altogether, and a disgusting mess at the trough.
Who voted for this?
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