Welcome to Canada, where you pay a federal sales tax so Prime Minister Justin Trudeau can cover the interest payments on his government’s credit card.
That’s literally what’s happening. Interest charges on Canada’s debt will be $54 billion this year. GST revenues will be $54 billion.
On top of soaring interest charges, the federal budget includes massive deficits, a tax hike, the doubling of the national debt, and no plan to balance the budget.
We break down what you need to know about the federal government’s 2024 Budget. All that and more in this week’s Canadian Taxpayers Podcast.
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This podcast was recorded on Friday, January 3rd, before the resignation of Justin Trudeau. Looking forward: what’s ahead for taxpayers? Will we scrap the...
When politicians are dueling over who can promise the biggest tax cut, that’s good news for taxpayers. Who’s telling taxpayers the truth? Are the...