#144 Debt interest = $1 billion/week

Episode 144 April 23, 2024 00:43:10
#144 Debt interest = $1 billion/week
Canadian Taxpayers Podcast
#144 Debt interest = $1 billion/week

Apr 23 2024 | 00:43:10

/

Show Notes

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.

Other Episodes

Episode 183

July 08, 2025 00:23:03
Episode Cover

#183 Carney scraps Netflix TAX

Taxpayer win! Prime Minister Mark Carney scraps the digital services tax, saving taxpayers big money on their online subscriptions. But it’s not all good...

Listen

Episode 51

January 22, 2021 00:27:06
Episode Cover

#47 INTERVIEW – Brian Sauvé, President of the National Police Federation

We've got an important interview for you. Brian Sauvé is the president of the National Police Federation and that's the union that represents the...

Listen

Episode 53

January 28, 2021 00:26:15
Episode Cover

#49 INTERVIEW – Ted Morton on Equalization

We've got an important interview for you. Ted Morton is a former Alberta finance minister, and a senior fellow at The School of Public...

Listen