Connect with us
[bsa_pro_ad_space id=12]

Business

Trudeau hiking taxes again in 2024

Published

5 minute read

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.

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Business

Canadians have surrendered complete control to Mark Carney

Published on

From  LifeSiteNews

Bill C-5 can be accurately and fairly described as Mark Carney’s grab for power in Canada. Here’s why.

Mark Carney operates as a banker and corporate leader, not as prime minister. We saw this in blazing technicolor when he brought forward Bill C-5, passed in the House of Commons on the 20th of June and rubber stamped without any amendments by the Trudeau-appointed Senate on June 26, 2025.

Ignoring Parliament

The manner with which this bill was passed indicates that Carney does not waste his precious time on such trivialities and nonessentials as Parliamentary procedures. Parliamentary debate, and parliamentary committee scrutiny were eliminated in the hurry to pass Bill C-5. Only one-and-a-half days were allotted for the committee’s review. Usually, a committee takes several months to review a bill. In the brief time the bill was before the committee, there was scarcely enough time to set up the committee, let alone examine the bill.

There was no public input allowed. Indigenous groups were especially alarmed that they were ignored since the bill could impact significantly on their interests. Carney whipped aside such inconsequential procedures because he knows best and expects only applause from his complacent personally selected cabinet who would not dare make even a suggestion about Carney’s extravagant plan.

Rule by cabinet

This bill can be accurately and fairly described as Carney’s grab for power in Canada. This is because the Act provides Carney and his cabinet with the power to fast-track major national projects to come into effect within a two-year period rather than a customary five-year period. The Act provides that Carney can do so by way of Orders-in-Council (defined as a law made by a person or body who has been granted (delegated) law-making authority) by removing any laws that may impede the project which Carney has designated as being in the national interest. In fact Bill C-5 makes the supposed national interest into Carney’s self-interest, since he will be the only one deciding which projects will be chosen.

The use of Orders-in-Council, which in effect, makes laws by regulation, only requires cabinet approval and bypasses Parliament. That is, the use of regulations provided by Orders-in-Council (which regulations have not yet been written), constitutes a huge shift of power away from Parliament to Cabinet and the Prime Minister’s office. The Orders-in-Council strike at the very foundation of Parliament, which is the ability to make laws. Also, it avoids Parliamentary scrutiny, fundamental to democracy. In a Parliamentary democracy, the legitimacy of laws is derived from the consent of the governed, through Parliament, whose members are elected by the public. Delegating legislation by regulation seriously weakens this fundamental principle.

Further, under Bill C-5, Carney has the power to suspend by Orders-in-Council any federal laws that may apply to his projects. This would include dispensing with conflict-of-interest laws, the Access to Information Act, any review by the Auditor General, even preventing police action by eliminating the provisions of the Criminal Code.

Labour mobility is a provincial matter

Bill C-5 consists of two Acts together. The first is the “Free Trade and Labour Mobility Canada Act”. This Act is useless and meaningless since labour mobility falls solely under provincial jurisdiction, and the federal government has no authority to deal with this issue. In addition, the regulations governing professions and unions such as legal, medical, accounting, social services, and trades, etc. fall strictly under provincial jurisdiction. Also, they exist to protect a particular profession or trade’s turf or rights, supposedly in the public interest.

The reality, however, is that the provincial labour mobility barriers on professions and trades exist as much to keep out people in a particular field, in order to protect that profession or trade in that province. If this were not the case, many individuals might choose not to remain in a high tax jurisdiction such as Quebec or Ontario, but would, instead, move to provinces with lower tax rates such as Alberta or Saskatchewan. The provincial trade barriers also protect provincial industries such as breweries and wineries, which the provinces want to protect from competition outside the province.

The real power in Bill C-5

Essentially, the cabinet, which means Carney, is free to decide which projects will be “in the national interest”. Some grand and glorious projects have already been floated. This includes constructing an economic corridor connecting BC’s north-west coast, through the Prairies to Hudson Bay, and eventually linking it by road to an Arctic port in Grays Bay, Nunavut. Other ideas include port-to-port infrastructures including roads, rail, power generation, transmission and pipelines, to deliver energy, critical minerals, agriculture and manufactured goods, to tide water for export.

These grandiose projects will, of course, require investment from outside sources. Such sources will likely be Carney’s colleagues and friends from his former employer at Brookfield Assets Management, since the conflict-of-interest restrictions will be easily put aside by Orders-in-Council. These investment sources will also likely include Carney’s associates in Communist China who would be delighted to get their tentacles into Canadian industry and its natural resources.

If Carney wanted to move the economy

If Carney really wanted to move the economy, he would have repealed legislation put in place by Trudeau, supposedly to protect the environment. In effect, they were designed to curtail the oil and gas industry as well as other projects. This legislation includes the Oil Tanker Moratorium Act (known as Bill C-48), which bans oil tankers from operating off the coast of BC; The Impact Assessment Act (IA); and the Canadian Energy Regulator Act.

Carney also should have moved the economy forward by helping individual Canadians, not rich investors, by establishing funds to assist developing small business operations, and by increasing Canadian ownership of Canadian assets to produce economic activity and wealth. Simply put, we need to make it easier for independent Canadian entrepreneurs to buy into businesses or start up new ones. We need a better funded network of community investment institutions to provide low-cost capital with federal loan guarantees to facilitate the acquisition of small and medium size businesses by employees, co-ops and communities.

A sovereign fund could invest and acquire Canadian businesses, keeping them in Canadian hands. Canada should be stricter about preventing foreign takeovers of Canadian industries by foreign investors which will occur under Carney’s Bill C-5. Further, it is significant that Canadians do not know what Carney’s investments consist of. He refuses to disclose them. He knows what they are, however. Will he be embellishing his own investments under Bill C-5? We will never know.

Why did the Conservative Party support Bill C-5?

The Conservative Party was asleep at the switch when it supported Bill C-5 allowing the powerful Carney train to rush past it on to victory and unfettered power. By supporting Bill C-5, the Conservatives have betrayed not only Western Canada, but also the 41% of Canadians who voted for them. The federal Conservative Party by supporting Bill C-5 signaled its rapprochement with the elites of Central Canada and Club Laurentian. Such rapprochement does not bode well for Western interests, political diversity or Canadian unity. It appears that the Conservative Party has been taken over by the red Tories and the eastern Laurentian elites to exclude social Conservatives and other genuine Conservatives.

In effect, the Conservative party, by voting for Bill C-5, joined forces with the Liberals, conceding the direction of the economy to the sole control of Carney. The Globe and Mail, the mouthpiece for the Laurentian elites, which bends the knee to Carney, whom it has placed on a throne as our king and saviour, was ecstatic that the Conservatives voted for the bill. An editorial dated, July 4, 2025, although acknowledging that Carney had “tightly controlled debate” on the legislation, stated that “Canadians want and need to see more cooperation and mutual respect between the main political parties”. It went on to say that “this new willingness to play nice was done in the name of the country’s interest”.

More accurately, it was done in the Liberal Party’s interest, cutting out genuine Conservatives from the party in favor of bringing Canada solidly left of center with the Liberal party dominating the agenda. An absent Opposition is a disloyal Opposition—as the federal Conservatives are about to learn to their, and the country’s, peril.

Reprinted with permission from REAL Women of Canada.

Continue Reading

Business

Carney should rethink ‘carbon capture’ climate cure

Published on

From the Fraser Institute

By Kenneth P. Green

In case you missed it amid the din of Trump’s trade war, Prime Minister Carney is a big believer in “carbon capture and storage.” And his energy minister, Tim Hodgson, who said it’s “critical to build carbon capture systems for the oilsands,” wants the Smith government and oilsands companies to get behind a proposed project (which hasn’t been unable to raise sufficient private investment) in Cold Lake, Alberta.

The term “carbon capture and storage” (or CCS) essentially refers to technology that separates carbon dioxide (CO2) from emissions and either stores it or uses it for other products. Proponents claim that CCS could replace other more ham-handed climate regulations such as carbon taxes, emission caps, etc. The problem is, like many (or most) proposed climate panaceas, CCS is oversold. While it’s a real technology currently in use around the world (primarily to produce more oil and gas from depleting reservoirs), jurisdictions will likely be unable to affordably scale up CCS enough to capture and store enough greenhouse gas to meaningfully reduce the risks of predicted climate change.

Why? Because while you get energy out of converting methane (natural gas) to CO2 by burning it in a power plant to generate electricity, you have to put quite a lot of energy into the process if you want to capture, compress, transport and store the attendant CO2 emissions. Again, carbon capture can be profitable (on net) for use in producing more oil and gas from depleting reservoirs, and it has a long and respected role in oil and gas production, but it’s unclear that the technology has utility outside of private for-profit use.

And in fact, according to the International Institute for Sustainable Development (IISD), most CCS happening in Canada is less about storing carbon to avert climate change and more about stimulating oil production from existing operations. While there are “seven CCS projects currently operating in Canada, mostly in the oil and gas sector, capturing about 0.5% of national emissions,” CCS in oil and gas production does not address emissions from “downstream uses of those fuels” and will, perversely, lead to more CO2 emissions on net. The IISD also notes that CCS is expensive, costing up to C$200 per tonne for current projects. (For reference, today’s government-set minimum carbon market price to emit a tonne of CO2 emissions is C$95.) IISD concludes CCS is “energy intensive, slow to implement, and unproven at scale, making it a poor strategy for decarbonizing oil and gas production.”

Another article in Scientific American observes that industrial carbon capture projects are “too small to matter” and that “today’s largest carbon capture projects only remove a few seconds’ worth of our yearly greenhouse gas emissions” and that this is “costing thousands of dollars for every ton of CO2 removed.” And as a way to capture massive volumes of CO2 (from industrial emission streams of out the air) and sequestering it to forestall atmospheric warming (climate change), the prospects are not good. Perhaps this is why the article’s author characterizes CCS as a “figleaf” for the fossil fuel industry (and now, apparently, the Carney government) to pretend they are reducing GHG emissions.

Prime Minister Carney should sharpen his thinking on CCS. While real and profitable when used in oil and gas production, it’s unlikely to be useful in combatting climate change. Best to avoid yet another costly climate change “solution” that is overpromised, overpriced and has historically underperformed.

Kenneth P. Green

Senior Fellow, Fraser Institute
Continue Reading

Trending

X