#Budget2023 A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future. The 2023 federal budget is the government’s plan to build a stronger, more sustainable, and more secure Canadian economy—for everyone.
🧵The #fiscalconservativemyths around good government being dependent on #balancedbudgets and ridiculous comparisons of government budgets to household budgets is about to arise yet again. Let's check these myths out.
Do economists believe that the budget should be balanced each fiscal year? No, a budget should be balanced only on average; it can be in a deficit during a recession and offset by surpluses when the economy is doing well.
A balanced budget refers to total budget expenditure being equal to the total budget receipts. Adam Smith and other classical economists advocated the concept of balanced budget. They claimed a balanced budget is the best since it has a neutral effect on the economy.
🧵 Poilievre's #misinformation saying the federal govt has done nothing on #housing is bogus. #Housingsupply is a primarily a Provincial & Municipal issue. During 2022 the federal govt has taken significant steps towards making housing more affordable for Canadians including:
#Budget2023 announces that financial institutions will be able to start offering the Tax-Free #FirstHomeSavingsAccount to Canadians as of April 1, 2023.
#Budget2023 announces the government's intention to support the reallocation of funding from the National Housing Co-Investment Fund's repair stream to its new construction stream, as needed, to boost the construction of new affordable homes for the Canadians who need them most
The government's efforts to connect rural parts of the country to high-speed internet are falling short, Canada's auditor general says in a report tabled Monday cbc.ca/news/politics/…
2023 Reports 1 to 4 of the Auditor General of Canada to the Parliament of Canada
Report 2—Connectivity in Rural and Remote Areas oag-bvg.gc.ca/internet/Engli…
@PierrePoilievre 🧵Let's unpack the misleading @PierrePoilievre meme ⬆️ by examining Liberal #Budget2023 tax provisions.
A re-elected Liberal government will: Raise #corporateincometaxes on the largest, most profitable banks and insurance companies who earn more than $1 billion per year and⬇️
@PierrePoilievre introduce a temporary #CanadaRecoveryDividend that these companies would pay in recognition of the fact they have recovered faster and stronger than many other industries.
Create a #minimumtaxrule so that everyone who earns enough to qualify for the top bracket pays at least ⬇️
@PierrePoilievre 15 % each year (the tax rate paid by people earning less than $49,000), removing their ability to artificially pay no tax through excessive use of deductions and credits.
Note: A tax on luxury cars, boats, and planes came into force on September 1, 2022. ⬇️
FOLLOWERS: 1/2 This 'cost of a hotel room' is a deliberate distraction. The CPC will draw attention to as many distractions as they can to 1. stay in the mainstream news & social media trending news, 2. secure responses & RTs, and 3. amplify their social media influence. ⬇️
2/2 As facts and logic do not matter when one is fueling a distraction because the aims are only the 3 I listed above ⬆️ I refuse to play their game.
That's why those who do play the game will not get any responses, likes or RTs from me.
FWIW I also consider the 'i didn't get an invitation it was sent to the wrong email address' to be a deception also designed as distraction. He got an invitation and reminder and it's up to him to be sure his email address is up to date. So once again I refuse to play the game.
#Budget2023: Will the Government Stay the Course on Deficit Reduction? The federal budgetary deficit has fallen from a COVID-related record high of $328 billion in 2020-21 (14.9 percent of GDP) to an estimated $36 billion in 2022-23 (1.3 percent of GDP). policymagazine.ca/budget-2023-wi…
#Budget2023: Canada Needs to Get Fundamentals Right Again. What can and should be done? In today’s dynamic and volatile global environment, there are several key determinants of productivity, competitiveness and growth that deserve urgent attention. policymagazine.ca/a-look-ahead-t…
#Budget2023 'Targeted inflation relief' coming in 2023 federal budget, Freeland says. The coming 2023 federal budget will "exercise fiscal restraint" while also making "significant" investments in Canada's health-care system and building a clean economy. ctvnews.ca/politics/targe…