Federal Budget Deficit

Some Thoughts On Budget 2017

Salman Sakir | Posted 04.27.2017 | Canada
Salman Sakir

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...

How Much Do We Tax The Middle Class?

Tim Paziuk | Posted 04.06.2017 | Canada Business
Tim Paziuk

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.

Deficit To Swell As Liberals Ramp Up Stimulus Spending

CP | Jordan Press, The Canadian Press | Posted 11.02.2016 | Canada Business

Canada's economy is growing slower than expected, Morneau says.

Deficits To Be Larger Than What Liberals Advertised: TD Bank

The Huffington Post Canada | Daniel Tencer | Posted 03.21.2017 | Canada Business

Weaker economy will take a bite out of government revenue.

Prioritize Federal Spending On Federal Responsibilities

Susanne DiCocco | Posted 04.09.2017 | Canada Politics
Susanne DiCocco

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.

3 Ways Politics Touched Canadians This Week

CP | Heather Scoffield, The Canadian Press | Posted 03.26.2017 | Canada Politics

The federal budget has escaped the scrutiny of many Canadians, for the moment. But its legacy will be significant.

Deficit Dive: Budget Will Sell Shortfalls Now For Growth Later

CP | Andy Blatchford, The Canadian Press | Posted 03.21.2017 | Canada Politics

There are now doubts whether the party can even fulfill its most-flexible fiscal vow.

The Federal Budget Must Stimulate The Economy

Jerry Dias | Posted 02.24.2017 | Canada Business
Jerry Dias

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.

Finance Minister To Shed Light On Gloomy Economic Outlook

CP | Andy Blatchford, The Canadian Press | Posted 02.21.2017 | Canada Politics

He's set to unveil fresh numbers Monday.

Pledge To Balance Budget 'Very' Cast In Stone, Trudeau Says

CP | Andy Blatchford, The Canadian Press | Posted 12.16.2016 | Canada Politics

"You can spend a lot of time talking about hypotheticals and I'm not going to engage in that."

Trudeau Should Rethink The Finance Minister's Mandate

Charles Lammam | Posted 11.24.2016 | Canada Business
Charles Lammam

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.

10 Reasons to Vote for Anyone but Harper

Sarah Miller | Posted 08.25.2016 | Canada Politics
Sarah Miller

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

How Will the Federal Budget Affect Our Lives?

Salman Sakir | Posted 05.05.2016 | Canada Politics
Salman Sakir

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.

Balanced Federal Budget Could Come Sooner Than Expected

CP | Andy Blatchford, The Canadian Press | Posted 05.27.2015 | Canada Business

OTTAWA - The federal government posted a narrow surplus over the first 10 months of the current fiscal year, suggesting Ottawa could balance the books...

Why Are Harper and the Bank of Canada Following Contradictory Strategies?

Ralph Goodale | Posted 03.29.2015 | Canada Politics
Ralph Goodale

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.

When it Comes to Finances, Gen Y Should Be Called 'Gen Screwed'

Candice Malcolm | Posted 01.20.2015 | Canada Business
Candice Malcolm

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.

Joe Oliver's Predictions For The Budget, By The Numbers

CP | The Canadian Press | Posted 01.12.2015 | Canada Business

OTTAWA - Finance Minister Joe Oliver delivered his annual fall update and five-year projection of the government's fiscal situation on Wednesday. Here...

Federal Deficit Half What It Was This Time Last year

CP | Julian Beltrame, The Canadian Press | Posted 09.24.2014 | Canada Business

OTTAWA - The federal government continues to show progress in its drive to eliminate the deficit by next year, the latest accounting from the Finance ...

Oliver Rejects Proposal To Create 75,000 Jobs

CP | Posted 07.23.2014 | Canada Business

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 jo...

Ottawa's Deficit Hanging In There

CP | The Canadian Press | Posted 02.22.2014 | Canada Politics

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 Mond...

Budgeting By Stealth

John McKay | Posted 02.19.2014 | Canada Politics
John McKay

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.

Have Some Life-Long Debt, Son

Tim Paziuk | Posted 07.02.2013 | Canada Business
Tim Paziuk

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."

What Ottawa Isn't Saying About Canada's Deficit

Gregory Thomas | Posted 02.16.2013 | Canada Business
Gregory Thomas

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.

Your Share of Canada's Government Debt: $34,000+

Charles Lammam | Posted 02.16.2013 | Canada Politics
Charles Lammam

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.

'Gang Of Six' Senators Propose U.S. Debt Deal

THE CANADIAN PRESS | Posted 01.13.2012 | Canada Business

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 t...