Connect with us

Business

Taxpayers release Naughty and Nice List

Published

10 minute read

From the Canadian Taxpayers Federation

Author: Franco Terrazzano

CBC President and CEO Catherine Tait tops the Taxpayer Naughty List for announcing hundreds of layoffs weeks before Christmas without cancelling bonuses for executives.

“It takes a special type of Scrooge to lay off hundreds of employees weeks before the holidays and not be willing to give up your own bonus, but that’s exactly what taxpayers heard from CBC big shots,” said Franco Terrazzano, CTF Federal Director. “Meanwhile, Senator Pierre Dalphond delayed and watered-down carbon tax relief for farmers and now Santa’s furious because the bills for his candy cane farm and reindeer barn are through the chimney.”

Prime Minister Justin Trudeau made the Taxpayer Naughty List for removing the carbon tax from furnace oil for three years while leaving 97 per cent of Canadian families out in the cold. Nova Scotia Premier Tim Houston also found himself in Santa’s bad books for taking more money from taxpayers through the sneaky income tax hike known as bracket creep.

Manitoba Premier Wab Kinew made the Taxpayer Nice List for providing taxpayers with Santa-sized fuel and income tax relief. The Parliamentary Budget Officer also made Santa’s good books for improving accountability and transparency in Ottawa.

“‘Tis the season for giving, but Calgary Mayor Jyoti Gondek and Edmonton Mayor Amarjeet Sohi shouldn’t be giving their residents steep tax hikes while they give themselves a raise,” said Kris Sims, Alberta Director of the CTF. “The entire Alberta village of Ryley made Santa’s good books for using recall legislation to boot a big-spending politician.”

The 2023 Taxpayer Naughty and Nice List

The Naughty List (So…. long!)

CBC President & CEO Catherine Tait –  For clinging to executive bonuses

It takes a special type of Scrooge to announce hundreds of layoffs weeks before Christmas. Even worse, Tait isn’t willing to end the tens-of-millions of dollars in bonuses the CBC doled out in recent years. ‘Tis the season for giving… but giving out bonuses while firing hundreds of staffers is a sure-fire way to land yourself on Santa’s Naughty List!

Prime Minister Justin Trudeau – For leaving 97 per cent of Canadians out in the cold

All Canadians need a warm home to celebrate during the holiday season. But Trudeau thinks only three per cent of Canadians need carbon tax relief this winter. Trudeau is removing the carbon tax from furnace oil while keeping the tax on for 97 per cent of Canadian families. Santa is stuffing the prime minister’s stocking with lumps of coal this year and Trudeau will be sure to carbon tax those lumps, too.

Senator Pierre Dalphond – For making Santa’s milk and cookies more expensive

The holiday season is a time to enjoy festive feasts with loved ones. But Senator Pierre Dalphond is making the holiday season more expensive by delaying and watering down a bill that would take the carbon tax off all farm fuels. Canadians worry they may have to cut back on the milk and cookies they leave out on Christmas eve. Unfortunately for Senator Dalphond, Santa is not a happy camper, because the bills for his candy cane farm and reindeer barn are going through the chimney.

Mayor of Quebec City Bruno Marchand and Vancouver Mayor Ken Sim – For hiking taxes on pets

It’s one thing to tax the air we breathe, the money we earn or the presents we buy. But taxing our pets … have you no heart, Mr. Grinch? Mayors Marchand and Sim are hiking the taxes families pay to own pets in Quebec City and Vancouver. Rumour has it Santa is launching a campaign to take the tax off his reindeer.

Federal Minister of Industry François-Philippe Champagne – For giving billions of dollars to multinational corporations

There’s only one place you’ll find yourself if you pull a reverse Robin Hood … Santa’s Naughty List! Champagne has been busy taking money from struggling taxpayers and giving billions of dollars to multinational corporations to build electric car battery plants. Champagne should take notes from
Santa and his little helpers. They’ve been building batteries and remote-control hot rods for decades, at no cost to taxpayers!

Mayor of Calgary Jyoti Gondek and Edmonton Mayor Amarjeet Sohi – For hiking taxes and their own pay

‘Tis the season for giving … and mayors Gondek and Sohi sure do love giving. They’re giving their residents steep property tax hikes. And they’re giving themselves pay raises. Calgary City Council and Edmonton city council both took a raise this year. More lumps of coal: both Gondek and Sohi take bigger salaries than the premier of Alberta.

Nova Scotia Premier Tim Houston – For his bracket creep income tax hike

Nothing makes Santa more upset than bracket creep. It’s a sneaky backdoor tax grab that allows politicians to use inflation to raise income taxes. Nova Scotia Premier Tim Houston is using bracket creep to gouge taxpayers. And for that, Houston finds himself on Santa’s Naughty List this year.

University of Manitoba’s former law dean Jonathan Black-Branch – For racking up half-a-million in expenses

Black-Branch’s term was cut short after an internal investigation found he expensed upwards of $500,000 in public funds, including for personal dinners and drinks. Now that’s a lot of cookies and eggnog! There’s only one way for Black-Branch to get off the Naughty List: pay the money back.

The Nice List (So… short!)

Manitoba Premier Wab Kinew – For the gift of tax relief

Kinew is giving Manitobans Santa-sized fuel and income tax relief in the New Year. He committed
to suspending the province’s fuel tax and providing significant income tax relief. And kudos to the previous Manitoba government who didn’t forget about the Tiny Tims. Thanks to the last budget, taxpayers earning less than $15,000 won’t pay any provincial income taxes.

Liberal MP Ken McDonald – For getting his constituents carbon tax relief

It takes a lot of courage to stand up for your convictions and constituents, and vote against your party leader. McDonald did just that when he voted to “repeal all carbon taxes.” Because of his advocacy, the feds took the carbon tax off furnace oil for three years. Santa just wishes Liberal MPs in other parts of Canada had McDonald’s courage and were willing to stick up for their constituents too.

Parliamentary Budget Officer Yves Giroux – For the gift of government accountability and transparency

Taxpayers always deserve the gift of transparency and accountability in Ottawa. And the PBO delivered it in droves in 2023. From showing the full cost of Trudeau’s two carbon taxes, to fact-checking Ottawa’s deficit numbers and analyzing tax plans, the PBO has been holding politicians accountable all year.

Alberta’s Village of Ryley – For recalling a big-spending mayor

Ryley is the first municipality in Canada to recall a city hall politician, former mayor Nik Lee. During Lee’s tenure, the village’s spending almost doubled from $1.7 million to $3 million in 2022. Lee also spent more than $5,000 on meetings without approval. When Lee refused to resign from council, residents of Ryley took matters into their own hands, launched a recall campaign and booted Lee. For their civic engagement and holding a big-spending politician accountable, all residents of Ryley land themselves on Santa’s Nice List this year!

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

Automotive

Nissan, Honda scrap $60B merger talks amid growing tensions

Published on

MXM logo

 

MxM News

Quick Hit:

Nissan is reportedly abandoning merger talks with Honda, scrapping a $60 billion deal that would have created the world’s third-largest automaker. The collapse raises questions about Nissan’s turnaround strategy as it faces challenges from electric vehicle competitors and potential U.S. tariffs.

Key Details:

  • Nissan shares dropped over 4% following the news, while Honda’s stock surged more than 8%, signaling investor relief.
  • Honda reportedly proposed making Nissan a subsidiary, a move Nissan rejected as it was initially framed as a merger of equals.
  • Nissan is struggling with financial challenges and the transition to EVs, still reeling from the 2018 scandal involving former chairman Carlos Ghosn.

Diving Deeper:

Merger talks between Nissan and Honda have collapsed, according to sources, after months of negotiations to form an auto giant capable of competing with Chinese EV makers like BYD. The proposed deal, valued at over $60 billion, would have created the world’s third-largest automaker. However, differences in strategy and control ultimately derailed the discussions.

Reports indicate that Honda, Japan’s second-largest automaker, wanted Nissan to become a subsidiary rather than an equal merger partner. Nissan balked at the idea, leading to the collapse of negotiations. Honda’s market valuation of approximately $51.9 billion dwarfs Nissan’s, which may have fueled concerns about control. The failure of talks sent Nissan’s stock tumbling more than 4% in Tokyo, while Honda’s shares rose over 8%, reflecting investor confidence in Honda’s independent strategy.

Nissan, already in the midst of a turnaround plan involving 9,000 job cuts and a 20% reduction in global capacity, now faces mounting pressure to restructure on its own. Analysts warn that the failed merger raises uncertainty about Nissan’s ability to compete in an industry rapidly shifting toward EVs. “Investors may get concerned about Nissan’s future [and] turnaround,” Morningstar analyst Vincent Sun said.

Complicating matters further, Nissan faces heightened risks from U.S. tariffs under President Donald Trump’s trade policies. Potential tariffs on vehicles manufactured in Mexico could hit Nissan harder than competitors like Honda and Toyota. The stalled deal also impacts Nissan’s existing alliance with Renault, which had expressed openness to the merger. Renault holds a 36% stake in Nissan, including 18.7% through a French trust.

While both Nissan and Honda have stated they will finalize a direction by mid-February, the collapse of this deal signals deep divisions in Japan’s auto industry. With Nissan’s financial struggles and the growing dominance of Chinese EV makers, the company must now navigate an increasingly challenging market without external support.

Continue Reading

Business

USPS suspends inbound packages from China, Hong Kong

Published on

MXM logo

MxM News

Quick Hit:

The U.S. Postal Service has suspended the acceptance of inbound packages from China and Hong Kong, citing security and policy concerns. The move comes as President Donald Trump enforces new tariffs to curb the flow of synthetic opioids into the United States.

Key Details:

  • The suspension affects international parcels but does not impact letters or flat mail from China and Hong Kong.
  • Trump signed an executive order on Feb. 1st, imposing a 10% tariff on imports linked to China’s synthetic opioid supply chain.
  • In response, China has announced retaliatory tariffs and launched an anti-monopoly investigation into U.S. tech firms.

Diving Deeper:

The United States Postal Service (USPS) has announced the immediate suspension of inbound package acceptance from China and Hong Kong, a move aligned with President Donald Trump’s recent efforts to crack down on illicit drug trafficking. While the suspension blocks parcels from entering the country, it does not impact letters or flat mail, according to the USPS statement.

The decision comes as Trump signed an executive order on Feb. 1st, imposing a 10% tariff targeting Chinese chemical companies accused of fueling the fentanyl crisis in America. The order alleges that the Chinese Communist Party (CCP) has subsidized firms exporting fentanyl precursors, which are frequently used to manufacture synthetic opioids that have contributed to tens of thousands of American deaths.

“These companies exploit international trade loopholes, using fraudulent invoices, deceptive packaging, and re-shippers to evade detection,” Trump stated. The administration argues that these tactics enable the smuggling of lethal drugs into the U.S. under the guise of legitimate commerce.

China has responded swiftly to the escalating trade measures, announcing countertariffs on key U.S. exports, including coal, liquefied natural gas, crude oil, and agricultural equipment. Additionally, the Chinese government has initiated an anti-monopoly probe into Alphabet Inc.’s Google while adding U.S. companies PVH Corp. and Illumina to its “unreliable entities list.” Beijing has also imposed export restrictions on rare earth metals essential to high-tech industries.

The USPS suspension, combined with the new tariffs, signals a renewed push by Trump to hold China accountable for its role in the opioid crisis while reinforcing his America First trade agenda. With tensions mounting between the two global powers, further economic retaliation from Beijing remains a possibility.

Continue Reading

Trending

X