The Trudeau government has set Canada on a path to fiscal destruction
By Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.” If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget…
Will she put Canada back on the road to fiscal reality or double-down on sky-high spending?
As Canadians wait to see just what will be in the first federal budget in more than two years, this much is certain: that the amount of red ink will surge past any other deficit records in Canada’s modern history. What’s less certain is whether Finance Minister Chrystia Freeland plans to put Canada on a…
Trudeau told us he wouldn’t be increasing taxes. He lied
By Aaron Wudrick Federal Director and Franco Terrazzano Alberta Director Canadian Taxpayers Federation Happy New Year taxpayers! Well, maybe not so happy after all. Courtesy of Prime Minister Justin Trudeau, you can now expect higher home heating bills and gas prices. The Trudeau government recently rolled out new plans to massively increase the carbon tax…
The Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months
It’s official: the Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months. That’s the staggering takeaway from Finance Minister Chrystia Freeland’s fall economic statement, and it means Canada’s total federal debt will for the first time shoot past $1 trillion in a few weeks. Critics will argue…
The prime minister needs to reconsider his love of debt before Canadians decide it is time for him to go
It turns out that Prime Minister Justin Trudeau doesn’t think now is the time for a fiscal anchor to set some limits on government spending. That shouldn’t really surprise anyone, because he also didn’t think his first four years in office were the right time for one either. Most Canadians will recall Trudeau’s 2015 election…
A ship without an anchor risks drifting into stormy waters. The same is true of governments that borrow and spend. More than six months into the global pandemic, it’s time for the Trudeau government to figure out what safeguards to put in place to ensure our temporary plunge into record deficits doesn’t become a permanent…
Trudeau needs to go back to drawing board and come up with an environmental plan that doesn’t hammer taxpayers
By Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation Whenever Prime Minister Justin Trudeau wants to solve a problem, his solution can’t be to hit families and businesses struggling to get by with even more costs. Yet, that’s exactly the approach Trudeau is taking with his second carbon tax. As Postmedia columnist John Ivison reported,…
Every dollar spent on white elephant vanity projects reduces the money that could be spent on schools, hospitals
If a door-to-door salesman pitched you on a “win-win” sale, your first reaction would probably be skepticism. Unfortunately, a similar level of skepticism is called for whenever a politician declares their latest spending project to be a “win-win.” That’s exactly what Prime Minister Justin Trudeau affirmed was the case when he announced that the “independent”…
The focus on the federal deficit has rightly been on the staggering scope of emergency spending, but there has been much less talk about the other big part of the equation: government revenues have plunged due to the economic shutdown. Indeed, the federal government’s July fiscal snapshot revealed that the government expects a steep drop…
As Canada slowly begins to emerge from a pandemic-induced shutdown, a severe economic hangover persists: a $343 billion deficit as of early July’s fiscal snapshot. In reality, it is certain to be even higher by the time newly-minted Finance Minister Chrystia Freeland gets around to preparing a fiscal update in the fall. With a deficit…