Its impact on the overall economy means everyone will suffer
Prime Minister Justin Trudeau is eyeing a wealth tax to pay for his government’s spending spree. Heavily redacted documents obtained by the Canadian Taxpayers Federation show Trudeau asked for an analysis of a $60-billion wealth tax. With indefinite deficits looming, it must be tempting to grab that cash. But a wealth tax would inflict economic…
No concrete plan to balance the books and no tax relief for middle-class families
There’s one bright spot in Ontario Premier Doug Ford’s budget. He announced plans to cut taxes for low-income Ontarians, saving over one million taxpayers up to $850 next year. This will serve as much-needed relief for taxpayers who badly need it in the wake of record-high inflation and soaring living costs. But that’s where the…
Ontarians need relief, and they need it urgently
Affordability is the elephant in the room as Ontario approaches this June’s provincial election, and it’s time for Ontario’s politicians to address it before they get trampled. All three of Ontario’s major political parties plan to speak to the issue of affordability in their platforms. The Ford government has been busy eliminating user fees for…
Ontarians need urgent action, not vague future promises
When Ontario Premier Doug Ford finally announced his intention to deliver on gas tax relief after four years of delays, the Canadian Taxpayers Federation supported the move. Make no mistake; a gas tax cut is good news for Ontario taxpayers. As gas prices soar and Ontarians face the highest inflation levels in 30 years, relief…
When it comes to wealth taxes, Trudeau needs to draw a line in the sand
Now that the years-long Liberal-NDP courtship has turned official, Canadians should brace themselves for an unwelcome raft of higher taxes and unsustainable spending. With Prime Minister Justin Trudeau inking a deal with the NDP to keep him in power until 2025, Canada’s finances are headed from bad to worse. To help justify overspending, the Trudeau…
Inflation rates haven’t been this high since Seinfeld first debuted on television
Would your family be better off with an extra $2,000 in your bank account this year? As Canada continues to face its highest inflation rates in over 30 years, not a single Ontarian would answer no. If Ontario Premier Doug Ford had kept his promises from the election platform he ran on four years ago,…
Alberta has reduced its gas taxes by 13 cents a litre
Ontario Premier Doug Ford is sitting on his hands while Alberta Premier Jason Kenney is delivering relief for taxpayers. Earlier this week, Kenney announced his government would cut provincial gas taxes by 13 cents per litre in the face of skyrocketing oil prices. For a family filling up their minivan, Kenney’s tax cut means nearly…
A win for taxpayers, but it just isn’t enough
License plate stickers in Ontario are destined for the ash heap of history, thanks to the Ford government’s commitment to repeal those pesky annual fees. Families are facing rampant inflation and soaring living costs. Premier Doug Ford’s announcement will save the typical two-car family $240 a year. It’s a good first step, and now the…
Caving on a wealth tax to appease the NDP would be a huge mistake
As the federal budget approaches, taxpayers are holding on to their wallets a little tighter. Even though Prime Minister Justin Trudeau declared less than two years ago that “the last thing Canadians need is to see a rise in taxes,” the government will likely have to win the support of the NDP to get a…
If Ford is tempted to embark on a spending spree this spring, he should think twice
After 15 years of governments pursuing high spending, run-away deficits, and no meaningful tax relief, it’s time for Ontario Premier Doug Ford to think big. Finance Minister Peter Bethlenfalvy will present the Ford government’s pre-election budget next month, which gives his team a chance to set the spending tone as the province heads to a…