Originally posted by aKorn
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Federal Budget 2022
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You are looking at a massive increase in either GST, Income taxes across all brackets, or Trudeau eventually going after CGE and thats just to pay for what he has already promised. Or just parking it on the debt tab. But with BoC raising interest rates 50bp next month and in the summer and fall, that will put and end to those financial shenanigans too. $500M a day debt increase has to start hurting somewhere.
More than $650B spent by this govt in 7 yrs and not even a fraction of a decimal point added to our GDP. Nothing nada. And now we will trail dead last in the OECD for the rest of this century.
https://torontosun.com/opinion/editorials/editorial-canadas-economic-growth-dead-last
enjoy it Canadians, you voted for it.
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Fraser Institute News Release: Ottawa can't finance large spending programs by only taxing upper-income families, eventually middle class must also pay
https://financialpost.com/globe-newswire/fraser-institute-news-release-ottawa-cant-finance-large-spending-programs-by-only-taxing-upper-income-families-eventually-middle-class-must-also-payLast edited by jazz; Apr 6, 2022, 17:34.
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I see they fiddled with the Advance Payments loans ..
So now we can borrow a bit more advance money sooner... $!00k interest free still the same.
The Liberal solution... borrow more money and pay more interest...
Where have we seen this before!
Cheers
P.S. everything being equal... when we file our seeded Crop Insurance report and pay our premiums...
The Feds should send us 50% of the value of our insured seeded crops... interest free.
The rising interest rates are nothing less than another 'carbon inflation energy tax' on our food production.
What a not funny joke.Last edited by TOM4CWB; Apr 6, 2022, 23:41.
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Dr. Sylvain Charlebois:
Read #Budget2022, 304 pages, not one section dedicated to agri-food, with famine and food inflation reaching record levels. Food and agriculture are in different places, but no focus. For Ottawa, our agri-food sector is simply an afterthought.
#Budget2022 will make our agriculture greener, which is nice, but what the world really needs is a more efficient Canadian agri-food sector. It's just not there. No vision for a logistical network, no focus on processing.
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