The federal government is more than $1 trillion in debt. It’s borrowing $424 million every day.
That means that each Canadian is on the hook for about $30,000 in federal government debt alone. If politicians don’t save money that will have to come from Canadians through taxes today, taxes tomorrow or inflation.
Our Federal Director Franco Terrazzano and our B.C. Director Kris Sims broke down what each party plans to do about the debt, and what they found may surprise you.
Check out the CANADIAN TAXPAYERS STORE!
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This podcast is brought to you by the Canadian Taxpayers Federation, Canada’s premier grassroots advocacy group pushing for lower taxes, less waste and accountable governments. Sign-up as a Canadian Taxpayers Federation supporter at no-charge TODAY: https://www.taxpayer.com/join.
News at the Top – O’Toole Breaks Carbon Tax Promise Conservative Party of Canada Leader Erin O’Toole has announced his own federal carbon tax. This is the same Erin O’Toole that when running for leader of the CPC, signed the Canadian Taxpayers Federation pledge to scrap the Trudeau carbon tax and not impose a national carbon tax of his own. If he goes through with this carbon tax, he will be breaking a huge promise he made to millions of Canadians. LINKS: https://www.taxpayer.com/newsroom/taxpayers-federation-slams-cpc-leader-erin-o%E2%80%99toole-for-announcing-his-own-carbon-tax https://nationalpost.com/opinion/opinion-with-green-otoole-bucks-the-conservatives-have-embraced-taxes?fbclid=IwAR3HTcmbi1cpPSkAH7l11cYUFQprQoariBf2YkDuEAYNVh-ArZVJtvq3xf8 SIGN the PETITION: https://www.taxpayer.com/petitions/stop-trudeau-s-second-carbon-tax Deep Dive – Budget Spends Billions We knew there was going to be a huge deficit, we knew there was going to be a $1 trillion debt tab, but the budget was even worse than we thought, as the federal government plans to permanently increase spending for years to come. LINKS: https://www.taxpayer.com/newsroom/federal-budget-spends-more-on-everything-with-no-plan-to-pay-for-it https://financialpost.com/opinion/opinion-federal-budget-spend-spend-more-then-spend-more-than that Waste Watch – Bills Pile Up After Cancelled Barbados Trip The federal government spent close to $140,000 for Prime Minister Justin Trudeau to basically not go somewhere. LINK: https://www.taxpayer.com/newsroom/federal-government-spent-close-to-140,000-on-prime-minister%E2%80%99s-cancelled-barbados-trip Like this show? Subscribe and give us 5-stars! This podcast is brought to you by the Canadian Taxpayers Federation, Canada’s premier grassroots advocacy group pushing for lower taxes, less waste and accountable governments. Sign-up as a Canadian Taxpayers Federation supporter at no-charge TODAY: https://www.taxpayer.com/join. ...
News at the Top – Government is Broke/Tax Freedom Day Governments across Canada are facing an impending debt crunch and families are facing steep tax bills. LINKS: https://winnipegsun.com/opinion/columnists/aldrich-tax-freedom-day-hardly-reason-to-celebrate https://financialpost.com/opinion/opinion-our-debt-problem-is-a-lot-worse-than-ottawa-is-letting-on Deep Dive – Life After COVID We and our friends over at SecondStreet.org have some tips for the federal government as the COVID-19 threat diminishes. LINK: https://www.secondstreet.org/life-after-covid-e-book-announcement/ Waste Watch – Rideau Hall Delays Bring High Cost Taxpayers had to fork over close to $200,000 more for work at Rideau Hall because of delays, and Julie Payette’s office appears to have played a role in those delays. LINK: https://www.taxpayer.com/newsroom/delays-increased-rideau-hall-project-costs-by-200,000 SIGN the PETITION: https://www.taxpayer.com/petitions/cut-off-expenses-when-a-governor-general-leaves-office Like this show? Subscribe and give us 5-stars! This podcast is brought to you by the Canadian Taxpayers Federation, Canada’s premier grassroots advocacy group pushing for lower taxes, less waste and accountable governments. Sign-up as a Canadian Taxpayers Federation supporter at no-charge TODAY: https://www.taxpayer.com/join. ...
Canadians place a high value on their freedom of speech, but the way we use that freedom could be changing depending on the outcome of the federal election. We wanted to make it easy for the average Canadian to make sense of the issue, so our interim Ontario Director Jay Goldberg and our Prairie Director Todd MacKay put their heads together for this podcast. They broke down the whole issue, and how much each party’s plan might cost the country. Check out the CANADIAN TAXPAYERS STORE! Like this show? Subscribe and give us 5-stars! This podcast is brought to you by the Canadian Taxpayers Federation, Canada’s premier grassroots advocacy group pushing for lower taxes, less waste and accountable governments. Sign-up as a Canadian Taxpayers Federation supporter at no-charge TODAY: https://www.taxpayer.com/join. ...
