#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

January 05, 2026 00:25:22
Episode Cover

How much TAX will you pay in 2026? The Franco Terrazzano Show!

You pay too much tax because governments waste too much money. But how much tax do you actually pay? What’s happening to your tax...

Listen

Episode 145

May 22, 2024 00:24:20
Episode Cover

#145 Corporate welfare costs $5 million/job

 Tax hikes for you, more taxpayer cash for multinational corporations. Prime Minister Justin Trudeau and Ontario Premier Doug Ford teamed up to give $5...

Listen

Episode 114

October 06, 2022 00:30:41
Episode Cover

#114 Tax Cuts Everywhere But Canada

 Tax Cuts Everywhere But Canada Other countries are cutting taxes, but here in Canada, the federal government is raising the carbon tax, payroll taxes,...

Listen