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People’s Party of Canada releases audited financial report ahead of election call

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They’re a small party with big ambitions and not much to hide apparently.  In the lead up to an expected election call Maxime Bernier’s People’s Party of Canada has released a few highlights from the party’s 2020 audited financial report.  This short read sheds some interesting light.  For example, leader Maxime Bernier has disclosed that he’s taking a salary of just over $100,000.  Would be nice to see the same from Canada’s major parties.

From a release of the People’s Party of Canada

The People’s Party of Canada recently filed its 2020 audited financial report with Elections Canada, in accordance with regulations. That report covers the 12-month period between January 1 and December 31, 2020.

We would like to highlight the main items in this report so that you aware of the Party’s financial situation as a member, dedicated volunteer, supporter, or as a donor or potential donor. You can read the full report here.

REVENUES

In 2020, the Party raised $963,059 in donations and $64,407 in membership fees. After adding transfers and interest income, total revenues for 2020 amounted to $1,146,607.

SALARIES AND PROFESSIONAL FEES

The Party’s main item of expenses in 2020 was salaries and benefits, at $395,690. The Party’s had four full-time employees at the beginning of the year and six at the end of the year, including the Leader. Mr. Bernier did not receive any salary or compensation from the Party in 2018 and 2019, as he was then receiving a salary as a Member of Parliament. He only started receiving a salary at the beginning of 2020 and his salary for the year was $104,000.

Contrary to other parties, the Party did not apply for the federal government’s COVID-19 wage subsidy program. The Party also paid $73,428 in professional fees to non-staffers.

LAWYER FEES

The Party spent $61,366 in legal fees in 2020 to defend itself in various lawsuits launched against it. The costs of the current defamation lawsuit against Warren Kinsella are not paid by the Party but by Mr. Bernier himself.

VARIOUS EXPENSES

In 2020, the Party also spent the following amounts on:

  • Advertising = $45,226
  • Travel = $32,454
  • Office supply = $29,301
  • Database = $40,382
  • Telecommunications = $7,182
  • Interest and bank charges = $28,338
  • Rent = $19,284

The Party transferred $42,280 to candidates for the October 2020 by-elections in Toronto Centre and York Centre.

Note that following the outbreak of the COVID-19 pandemic, and in order to reduce costs during these uncertain times, the Party closed its Gatineau office in June 2020 and only reopened one in Ottawa in July 2021 in preparation for the general election. All staffers worked remotely during that period.

SURPLUS

The Party manages its finances in a responsible manner, did not borrow any money to run its election campaign in the fall of 2019, and does not have any debt. Thanks to the generosity of our donors, we finished the year 2020 with $431,635 in cash and cash equivalents. This will serve as a cushion for the snap election expected in the fall of 2021.

CONCLUSION

Running a party necessitates the work of thousands of volunteers, but also involves unavoidable costs. We are proud of what has been accomplished by the People’s Party of Canada so far and we thank the generous donors who made it possible. If you want to help the Party be better financially prepared to sell its bold Canada First platform and fight for Freedom, Responsibility, Fairness and Respect in the next election, please donate here.

Many thanks,
The PPC Team
August 11, 2021

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Trudeau must prove he won’t tax our homes

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From the Canadian Taxpayers Federation

Author: Franco Terrazzano 

Actions speak louder the words. That’s especially true when those words come from a politician with a track record of breaking promises and hiking taxes.

Prime Minister Justin Trudeau says he won’t send the taxman after Canadians’ homes. But if Trudeau wants Canadians to believe he won’t impose a home equity tax, there’s one thing he must do: end the CRA’s home reporting requirement.

In 2016, the Trudeau government made it mandatory for Canadians to report the sale of their primary residence even though it’s tax-exempt. If you sell your home, the CRA wants to know how much money you received from that sale. But if the taxman isn’t taxing it, why is the taxman asking that question? Is the CRA just curious?

Official Opposition Leader Pierre Poilievre confirmed to the Canadian Taxpayers Federation he would remove this reporting requirement if he forms government.

Trudeau must do the same. Otherwise, Canadians should worry a home equity tax is right around the corner. As Toronto Sun Columnist Brian Lilley recently wrote, “For Justin Trudeau and his Liberal Party, taxing your primary residence is a bad idea they just can’t quit.”

On June 25, Trudeau attended “a private town hall about generational fairness,” hosted by Generation Squeeze, a group advocating for home taxes.

What do you notice about the theme of that town hall? The government recently used the cloak of generational fairness to impose its capital gains tax hike.

The Trudeau government also spent hundreds of thousands funding and promoting a report from Generation Squeeze that complained of the “housing wealth windfalls gained by many home owners while they sleep and watch TV.”

The report recommended charging a tax on the value of homes above $1 million. The tax would cost Canadians up to $5.8 billion every year, and it would hit many normal Canadians. In British Columbia and Toronto, the typical home price is above $1 million.

Trying to improve affordability with tax hikes is like trying to boil water with your freezer. Higher taxes won’t make homes affordable. Consider this insight 50 pages into the report.

“Owners of homes valued over $1 million that include informal rental suites may try to recover the surtax by passing some of its cost on to renters,” reads the report.

It turns out higher taxes can make things cost more.

The head of Generation Squeeze was invited to a cabinet ministers’ retreat in Charlottetown last summer.

Documents uncovered by the CTF show staff in the prime minister’s office met twice with the head of Generation Squeeze, which included “a briefing about the tax policy recommendation.”

Trudeau has an appetite for taxing people’s homes. His recent capital gains tax hike will impact Canadians who sell secondary residences and cottages. He imposed a so-called anti-flipping home tax. And Trudeau taxes homes the government deems “underused.”

With Trudeau scrounging through the couch cushions looking for more money to paper over his deficits, Canadians should worry a home equity tax is next.

A home equity tax would come with a big bill for a young couple looking to upgrade to a family home or for grandparents who rely on the equity in their home to fund their golden years.

As an example, Canadians that bought their Toronto home for $250,000 in 1980 and sold it for $1.2 million today would pay between $50,000 and $190,000, depending on the type of home equity tax.

The Trudeau government has repeatedly flirted with home equity taxes. The only way for Trudeau to put Canadians’ minds at ease is to act and remove the requirement for taxpayers to report the sale of their home to the CRA.

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Trudeau pledges another $500 million to Ukraine as Canadian military suffers

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From LifeSiteNews

By Clare Marie Merkowsky

Despite the nation’s own armed forces grappling with an alarming recruitment crisis, Justin Trudeau and his government have poured over $13.3 billion into Ukraine.

More Canadians tax dollars are being sent overseas as Prime Minister Justin Trudeau has promised an additional $500 million in military aid to Ukraine. 

During a July 10 meeting with Ukrainian President Volodymyr Zelensky, Trudeau announced that he would send another $500 million to Ukraine as it continues its war against Russia, despite an ongoing decline in Canada’s military recruitment.  

“We’re happy to offer we’re announcing today $500 million more military aid this year for Ukraine, to help through this very difficult situation,” Trudeau said. 

In addition to the $500 million, Canada will also provide much of Ukraine’s fighter jet pilot training as Ukraine receives its first F-16s. 

Trudeau’s statement comes after Canada has been under fire for failing to meet NATO’s mandate that all members commit at least two percent of their gross domestic product (GDP) to the military alliance. 

According to his 2024 budget, Trudeau plans to spend $8.1 billion over five years, starting in 2024-25, and $73.0 billion over 20 years on the Department of National Defence.   

Interestingly, $8.1 billion divided equally over five years is $1,620,000 each year for the Canadian military. Therefore, Trudeau’s pledge of $500 million means he is spending just under a third on Ukraine compared to what he plans to spend on Canadians.  

Indeed, Trudeau seems reluctant to spend money on the Canadian military, as evidenced when Canadian troops in Latvia were forced to purchase their own helmets and food when the Trudeau government failed to provide proper supplies.  

Weeks later, Trudeau lectured the same troops on “climate change” and disinformation.       

However, at the same time, Trudeau readily sends Canadian tax dollars overseas to Ukraine. Since the Russia-Ukraine war began in 2022, Canada has given Ukraine over $13.3 billion, including $4 billion in direct military assistance.    

In May, Trudeau’s office announced $3.02 billion in funding for Ukraine, including millions of taxpayer dollars to promote “gender-inclusive demining.”  

Trudeau’s ongoing funding for Ukraine comes as many Canadians are struggling to pay for basics such as food, shelter, and heating. According to a recent government report, fast-rising food costs in Canada have led to many people feeling a sense of “hopelessness and desperation” with nowhere to turn for help.  

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