Zap! You’re frozen! has never worked. Why is Trudeau floating price controls now? If we could tame inflation with laws and regulations, we would have discovered it by now. But that’s not stopping Prime Minister Justin Trudeau from letting it be understood that he’s getting ready to try once again where so many others
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Finance
Don’t Expect Trudeau to Slash Spending Anytime Soon, if Ever
on September 12th, 2023
Ministers tasked with finding $15B in ‘savings’, but only so the money can be spent on other pet projects Cutting back on Big Macs so you can spend more on beef Wellingtons isn’t saving money. Taxpayers want to be optimistic as Treasury Board President Anita Anand orders ministers to find $15 billion in savings.
Canada is in a Serious State of Decline
on September 9th, 2023
Canadian Economy now more Primitive than that of Bulgaria, Serbia or Panama Vaclav Smil contends he’s simply being a realist when he describes Canada’s current state as one in an ever-accelerating decline – including a likely fall from the G20. When one of the world’s leading energy thinkers “assigns” you some homework, you tend
Government Bureaucrats Rewarded with Tax-Funded Bonuses Despite Missed Targets
on August 8th, 2023
Accountability Crisis Feds Reward Failure with Taxpayer-Funded Bonuses Trudeau binging on bonuses: Government bureaucrats rewarded with tax-funded bonuses despite missed targets Bonuses are for people who exceed in their job, not for people who fail at their job. Finance Minister Chrystia Freeland needs to remember that. The Bank of Canada handed out $20 million in
8 Reasons Why Business Owners Should Own Their Business Property
on August 2nd, 2023
Why property ownership may be the best option for your financial future I recently worked with a business owner who had closed down their business and was listing their property for sale. The sale of the property would result in significant cash for the business owner in their retirement stage. Compare this to many business
Senate Bill on Overseas Tax Evasion Would Force Transparency about Canada’s Tax Gap
on July 18th, 2023
On March 29, 2023, I introduced the Fairness for All Canadian Taxpayers Act in the Senate. If passed, it would require the Government of Canada to disclose all convictions for overseas tax evasion and to measure the “tax gap” — the difference between what taxes should have been collected by the Canada Revenue Agency (CRA) and what
There is no doubt that inflation has been devastating. Food inflation alone has forced many to choose between food on the table or medicine in the body. To contain inflation, interest rates were hiked and most agreed that the tightening of monetary policy was necessary, despite the resulting economic slowdown. Rising interest rates made Canadian
Creative Ways to Finance Your Business Investment
on May 24th, 2023
The first thing to do is explore all the possible financing options available. Mack was frustrated. His bank was giving him the run around regarding his offer to buy a business. Because the business didn’t include land or a building, they were reluctant to finance him. Mack thought the deal was dead and reached out
Modern Monetary Theory was too Good to be True
on April 25th, 2023
The promise of modern monetary theory – endless unlimited government spending – is a fool’s game If it is too good to be true, you are probably better off not believing it. If a stranger calls you and says you have just won a fortune and all you have to do is send access to
To Boost Productivity, We Require Investments, Not Subsidies
Canada’s low productivity rate due to a lack of business investment is leading to a fall in our living standards The Trudeau government has been crowing about how Canada has had “the strongest economic growth in the G7” coming out of the pandemic, which is true. But it neglected to mention that this growth was