Business
Trudeau hiking taxes again in 2024

From the Canadian Taxpayers Federation
Author: Franco Terrazzano
Brace for impact, taxpayers.
Prime Minister Justin Trudeau will be reaching deeper into your pockets in the new year with payroll tax hikes, a carbon tax hike and alcohol tax hikes.
Canadians will be paying higher payroll taxes because of the mandatory rising Canada Pension Plan and Employment Insurance contributions.
If you make $73,200 or more, you’ll be paying an extra $347 in payroll taxes in 2024, for a total tax bill of $5,104.
Your employer will also be forced to fork over $5,524 in the new year.
The federal government is imposing a new tax, which it calls “CPP2.” The original CPP taxes your income at six per cent up to $68,500. The new CPP2 expands that threshold and taxes additional income at four per cent up to $73,200.
Trudeau likes to claim he’s “working to make life more affordable.” But he’s also hiking a tax that directly makes life more expensive: the carbon tax.
The carbon tax increases the price of gasoline, diesel and home heating fuels, which is a big deal in our vast, cold country. The carbon tax also makes groceries more expensive, as it increases costs for the farmers who grow our food and the truckers who deliver it.
The carbon tax will cost the average family up to $911 in 2024 even after the rebates, according to the Parliamentary Budget Officer.
The feds are also scheming up a digital services tax. This new tax targets social media platforms, companies operating digital marketplaces, and businesses earning revenue from online advertising, such as Amazon, Google, Facebook, Uber and Airbnb.
Consumers should expect to pay higher prices because of the tax. When faced with the three per cent DST in France, Amazon increased its commission charge to French vendors by the same amount.
You could be forgiven if all these tax hikes drive you to drink.
But when you pick up that case of Blue, a bottle of pinot or a mickey of rum, Trudeau will be taking an extra 4.7 per cent from you through his alcohol tax hikes.
Next year’s federal alcohol tax hike is expected to cost taxpayers almost $100 million.
Taxes in Canada already account for about half of the price of beer, 65 per cent of the price of wine and more than three quarters of the price of spirits.
While Trudeau hikes taxes, many other countries are providing relief.
The Canadian Taxpayers Federation identified 51 national governments that provided tax relief during the pandemic or to ease the burdens of inflation. Those governments include more than half of the G7 and G20 countries and two-thirds of the countries in the Organization for Economic Co-operation and Development.
Provincial governments – of all political stripes – are also providing relief.
Manitoba’s NDP government is suspending its fuel tax in the new year. Gas tax relief from Ontario’s Progressive Conservatives will save a family with a minivan and pick-up truck about $185 through June 2024. And the Liberals in Newfoundland and Labrador cut their gas tax by eight cents per litre.
The Alberta government promised to cut personal income taxes and passed legislation requiring a vote before a government can increase income or business taxes. Manitoba’s income tax cuts could save an individual taxpayer more than $2,000. Quebec lowered its income tax rate on the first two brackets. New Brunswick implemented significant income tax relief in 2023. And Prince Edward Island’s income tax cut will save middle-class taxpayers up to $200.
The fastest, simplest and easiest way for Trudeau to make all areas of life more affordable is to ditch his high-tax policies and allow Canadians to keep more of our money.
Business
Canada urgently needs a watchdog for government waste

This article supplied by Troy Media.
By Ian Madsen
From overstaffed departments to subsidy giveaways, Canadians are paying a high price for government excess
Canada’s federal spending is growing, deficits are mounting, and waste is going unchecked. As governments look for ways to control costs, some experts say Canada needs a dedicated agency to root out inefficiency—before it’s too late
Not all the Trump administration’s policies are dubious. One is very good, in theory at least: the Department of Government Efficiency. While that
term could be an oxymoron, like ‘political wisdom,’ if DOGE proves useful, a Canadian version might be, too.
DOGE aims to identify wasteful, duplicative, unnecessary or destructive government programs and replace outdated data systems. It also seeks to
lower overall costs and ensure mechanisms are in place to evaluate proposed programs for effectiveness and value for money. This can, and often does, involve eliminating departments and, eventually, thousands of jobs. Some new roles within DOGE may need to become permanent.
The goal in the U.S. is to reduce annual operating costs and ensure government spending grows more slowly than revenues. Washington’s spending has exploded in recent years. The U.S. federal deficit now exceeds six per cent of gross domestic product. According to the U.S. Treasury Department, the cost of servicing that debt is rising at an unsustainable rate.
Canada’s latest budget deficit of $61.9 billion in fiscal 2023-24 amounts to about two per cent of GDP—less alarming than our neighbour’s situation, but still significant. It adds to the federal debt of $1.236 trillion, about 41 per cent of our estimated $3 trillion GDP. Ottawa’s public accounts show expenses at 17.8 per cent of GDP, up from about 14 per cent just eight years ago. Interest on the growing debt accounted for 9.1 per cent of
revenues in the most recent fiscal year, up from five per cent just two years ago.
The Canadian Taxpayers Federation (CTF) consistently highlights dubious spending, outright waste and extravagant programs: “$30 billion in subsidies to multinational corporations like Honda, Volkswagen, Stellantis and Northvolt. Federal corporate subsidies totalled $11.2 billion in 2022 alone. Shutting down the federal government’s seven regional development agencies would save taxpayers an estimated $1.5 billion annually.”
The CTF also noted that Ottawa hired 108,000 additional staff over the past eight years, at an average annual cost of more than $125,000 each. Hiring based on population growth alone would have added just 35,500 staff, saving about $9 billion annually. The scale of waste is staggering. Canada Post, the CBC and Via Rail collectively lose more than $5 billion a year. For reference, $1 billion could buy Toyota RAV4s for over 25,600 families.
Ottawa also duplicates functions handled by provincial governments, often stepping into areas of constitutional provincial jurisdiction. Shifting federal programs in health, education, environment and welfare to the provinces could save many more billions annually. Poor infrastructure decisions have also cost Canadians dearly—most notably the $33.4 billion blown on what should have been a relatively simple expansion of the Trans Mountain pipeline. Better project management and staffing could have prevented that disaster. Federal IT systems are another money pit, as shown by the $4-billion Phoenix payroll debacle. Then there’s the Green Slush Fund, which misallocated nearly $900 million.
Even more worrying, the rapidly expanding Old Age Supplement and Guaranteed Income Security programs are unfunded, unlike the Canada Pension Plan. Their combined cost is already roughly equal to the federal deficit and could soon become unmanageable.
Canada is sleepwalking toward financial ruin. A Canadian version of DOGE—Canada Accountability, Efficiency and Transparency Team, or CAETT—is urgently needed. The Office of the Auditor General does an admirable job identifying waste and poor performance, but it’s not proactive and lacks enforcement powers. At present, there is no mechanism in place to evaluate or eliminate ineffective programs. CAETT could fill that gap and help secure a prosperous future for Canadians.
Ian Madsen is a senior policy analyst at the Frontier Centre for Public Policy.
The views, opinions, and positions expressed by our columnists and contributors are solely their own and do not necessarily reflect those of our publication.
© Troy Media
Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.
Business
Trump says he expects ‘great relationship’ with Carney, who ‘hated’ him less than Poilievre

From LifeSiteNews
‘He called me up yesterday and said, ‘Let’s make a deal,’’ Trump said on Wednesday about Carney. ‘I actually think the conservative hated me much more than the so-called liberal.’
U.S. President Donald Trump implied that he was satisfied with Mark Carney winning the 2025 Canadian federal election, calling him a “nice gentleman” who “hated” him less than Conservative leader Pierre Poilievre.
“I think we are going to have a great relationship. He called me up yesterday and said, ‘Let’s make a deal,’” said Trump on Wednesday when asked about Carney and Monday’s election results.
Trump then said that Carney and Poilievre “both hated Trump,” but added, “It was the one that hated Trump I think the least that won.”
“I actually think the conservative hated me much more than the so-called liberal, he’s a pretty liberal guy,” he said.
Trump said that he spoke with Carney already, and that “he couldn’t have been nicer. And I congratulated him.”
“You know it’s a very mixed signal because it’s almost even, which makes it very complicated for the country. It’s a pretty tight race,” said Trump.
Trump then called Carney a “very nice gentleman and he’s going to come to the White House very shortly.”
Monday’s election saw Liberal leader Carney beat out Conservative rival Poilievre, who also lost his seat. The Conservatives managed to pick up over 20 new seats, however, and Poilievre has vowed to stay on as party leader, for now.
Back in March, Trump said at the time he had “an extremely productive call” with Carney and implied that the World Economic Forum-linked politician would win Canada’s upcoming federal election.
He also said before the election that he would prefer Carney to continue as Canada’s prime minister instead of Poilievre, who he said was “no friend” of his.
Trump, mostly while Justin Trudeau was prime minister, had repeatedly said that Canada should join the United States as its 51st state. This fueled a wave of anti-American sentiment in Canada, which saw the mainstream press say Poilievre was a “Trump lite” instead of Carney.
Poilievre at the time hit back at Trump, saying that the reason Trump endorsed Carney was that he “knows” he would be a “tough negotiator.”
Trump’s comments regarding Carney were indeed significant, as much of the debate in the mainstream media ahead of the election was about how the prospective leaders will handle tariff threats and trade deals with America.
Many political pundits have said that Carney owes his win to Trump.
Carney’s win has sparked a constitutional crisis. Alberta Premier Danielle Smith, as reported by LifeSiteNews, said that her province could soon consider taking serious steps toward greater autonomy from Canada in light of Carney’s win.
Under Carney, the Liberals are expected to continue much of what they did under Trudeau, including the party’s zealous push in favor of abortion, euthanasia, radical gender ideology, internet regulation and so-called “climate change” policies. Indeed, Carney, like Trudeau, seems to have extensive ties to both China and the globalist World Economic Forum, connections which were brought up routinely by conservatives in the lead-up to the election.
Poilievre’s defeat comes as many social conservatives felt betrayed by the leader, who more than once on the campaign trail promised to maintain the status quo on abortion – which is permitted through all nine months of pregnancy – and euthanasia and who failed to directly address a number of moral issues like the LGBT agenda.
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