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The lessons from the Chrétien Liberals can be applied today, particularly in response to Trump's tax plan. Prudent spending, debt reduction and tax rate cuts would make Canada a more competitive location for investment and skilled labour, and help foster the prosperity Canadians enjoyed following the Chrétien reforms.
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The federal budget has emphasized on skills training and job creation. It has also focused on being gender-based and puts emphasis on the middle-class. However, it is also a deficit budget. With a pro...
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The Liberal Government has stated they want to build a strong middle class, but who comprises the middle class? Mr. Morneau in his 2017 budget speech stated, "All Canadians must pay their fair share of taxes," but what is a "fair share"? Let's do the math and find out.
Canadian Press/Jake Wright
Canada's economy is growing slower than expected, Morneau says.
Weaker economy will take a bite out of government revenue.
The first budget delivered by the Liberals signaled a return to 1970s Trudeaupian Liberalism, not just with its flagrant disregard for balanced budgets and ballooning debt, but also by disregarding a core accountability under our Constitution: Canada's military.
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The federal budget has escaped the scrutiny of many Canadians, for the moment. But its legacy will be significant.
There are now doubts whether the party can even fulfill its most-flexible fiscal vow.
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Ever since Federal Finance Minister Bill Morneau announced Monday that the federal deficit would top $18.4 billion, all the familiar voices of right wing commentators, Bay Street analysts and Conservative politicians have made their all-too predictable calls for budget cuts and curtailed spending. They couldn't be more wrong. Now, in fact, is the time for some strategic spending to get the economy going, even if it means increasing the federal deficit when the budget is handed down on March 22.
He's set to unveil fresh numbers Monday.
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"You can spend a lot of time talking about hypotheticals and I'm not going to engage in that."
In an attempt to increase transparency, Prime Minister Justin Trudeau has made "mandate letters" to his ministers publicly available. These letters are intended to clarify the focus of each minister's portfolio. When it comes to the mandate delineated for the minister of finance, the prime minister should seriously rethink some of the priorities.
This is a rather short list of the shortfalls of Harper and the disgrace he brings to our country and I urge everyone to fully research candidates and get out and VOTE. I think the newest campaign launched by our veterans says it best when they say ABC: Anyone but Conservative
The federal budget announced recently has interesting policies that are expected to affect Canadians. Economic Action Plan 2015 has different components that may affect the lives of Canadians differently. An important aspect of the budget is that it would be balanced in 2015-16 with a projected surplus of $1.4 billion.
Canadians should be more demanding and critical when it comes to the economy, says Scott Clark
OTTAWA - The federal government posted a narrow surplus over the first 10 months of the current fiscal year, suggesting Ottawa could balance the books earlier than expected.Ottawa ran a $1.3-billion b...
It's strange indeed to see the federal government and the central bank headed in opposite and contradictory directions. The Bank of Canada is moving to stimulate greater growth, while Mr. Harper pushes more austerity -- with the net effect of reducing aggregate demand.
Nine-million baby boomers will retire from the workforce over the next two decades, and when they do, they will start to consume the most expensive forms of government programs. This is great news for seniors, but terrible news for our public finances and for young Canadians forced to foot the bill. Generation Y has been dubbed the "Millennial" generation because we came of age at the turn of the new millennium. A more fitting name for this cohort is Generation Screwed.
OTTAWA - Finance Minister Joe Oliver delivered his annual fall update and five-year projection of the government's fiscal situation on Wednesday. Here are the highlights:— A small deficit of $2.9 bill...
OTTAWA - The federal government continues to show progress in its drive to eliminate the deficit by next year, the latest accounting from the Finance Department indicates.In the first report on its fi...
OTTAWA — Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jobs than eliminating a tiny deficit. The report by Mc...
OTTAWA - The federal government ran a deficit of $2.5 billion in October, unchanged from the same month last year.The monthly fiscal monitor said Monday that the federal government's revenue slipped b...
Surplus budgeting is a worthy goal; however, the means by which the Government gets there has to be transparent. Increasing El premiums beyond sustainment and reducing eligibility is not transparent. Sale of undisclosed assets is not transparent. Lapsing budgets by stealth is not transparent.
Most people would agree that you shouldn't have to pay someone else's tax bill. Despite all of the myths surrounding tax filing, this one is actually in accordance with Canadian law. If a relative of yours were to die owing money, you have no obligation to pay their debts. It doesn't matter who they are, parents, siblings, aunts or uncles. If they have spent all their money, and die having nothing but debts, you're in the clear. However, unlike people whose debts die with them, a government's debt is carried forward forever (or until it's paid off). As we move through time, we're getting closer and closer to the point where it will be impossible to "clear our tab."
Why has Canada's federal debt jumped over 30 per cent since 2008, to over $600 billion? Why did the government miss its deficit target by $1.4 billion last year, and what is pushing this year's deficit forecast higher by more than $5 billion to $26 billion? Figures released by the PBO show that, contrary to all the talk we've been hearing about cutbacks, Ottawa's payroll is getting out of control.
The management of public finances may not have received due attention from the premiers in Halifax. But as our federal and provincial political leaders gear up for next year's budget season, they would be wise to acknowledge the seriousness of growing government debt and put forth bold plans to balance their budgets. Kicking the debt down the road simply isn't an option.
THE CANADIAN PRESS -- WASHINGTON - Leaders of a bipartisan "Gang of Six" senators said Tuesday that they've reached agreement on a major plan to cut the deficit by more than $4 trillion over the comin...
The Conservative government is keeping much of its deficit-fighting plan under wraps, even as details trickle out as to where the knife will fall. Three months after the 2011 budget first stated that...