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Martyupnorth®- Unacceptable Fact Checker Profile picture
@Martyupnorth_2
Aug 30 • 3 tweets • 2 min read • Read on X
🧵Albertans over-contribute to the Canada Pension plan, therefore subsidizing other provinces.

The most recent Canada Pension Plan report is from the fiscal year 2022-2023. Let's take a look at the data.

1/ Image
The CPP collected $74.8 billion in contributions from workers that year.

The CPP only paid out $56 billion in benefits to retirees and other beneficiaries.

A whopping $2.4 billion was used to administer the program.

The remaining $16.4 billion surplus was transferred to the CPP Investment Fund.

2/Image
Contrary to popular opinion, retirees are not receiving the money they set aside for themselves. As you saw from the previous post, today's workers are paying for today's retirees. It's always been like that.

As it stands, there are still enough workers to pay the benefits of retirees. But the government predicted years ago that around 2032 that would no longer be the case, which is why it increased the contribution rate, and setup a CPP fund to manage the surplus.

The government will have to start using the fund in 2032 to meet it's obligation to retirees.

P.S. Their predictions were off, and now there is even a CPP2. Young workers today are paying for retirees, but they themselves might never get a pension.

3/Image

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More from @Martyupnorth_2

Martyupnorth®- Unacceptable Fact Checker Profile picture
Aug 29
🧵Albertans contribute disproportionately to Ottawa. This happens with taxes, but also with CPP contributions and EI premiums.

Unfortunately most Canadians don't have a clue about the difference between federal and provincial taxes, transfer payments, equalization payments and the complex relationship between Ottawa and the provinces.

So I put together the following table, based on 2023 data to explain why Alberta subsidizes the other provinces.

I had to compile information from half a dozen places.

This is a summary of the federal taxes collected by Ottawa vs. the expenditures, sorted by province. (I excluded the 3 territories because they're so small).

I'll go into detail in the following posts.

1/Image
The left side of the chart is the amount of federal taxes collected from every province.

Ottawa, through the Canada Revenue Agency (CRA), collects provincial and federal taxes on behalf of all the provinces & territories, except Quebec, which has it's own tax collection agency called Revenu Québec.

The column marked "Federal Personal Income Taxes Collected" is simply that. I did not include corporate taxes, provincial taxes, royalties or other fees.

Ontario has 14.2 million citizens, so it sends the most tax money to Ottawa. Followed by Quebec, AB and BC. Then it drops off quickly.

2/Image
On a per capita basis, Albertans pay the most federal taxes. That's simply because we have better paying jobs (and work harder & smarter) than everyone else.

At the bottom is New Brunswick.

The disparity is actually wider than I expected, and explains why equalization payments are a thing in this country.

3/Image
Read 10 tweets
Martyupnorth®- Unacceptable Fact Checker Profile picture
Jul 26
The trail were were on is basically abandoned and overgrown.

We had to deal with stuff like this every day. I consider myself to be an expert backcountry navigator / route finder, and I was struggling.

1/
The willows were as tall as a man. Their branches were intertwined together, forming a net that we had to push through. We took turns "breaking" trail because it is exhausting work. My shins and knees are all bruised and scratched.
We had at least 3 dozen fords. Some were thigh high.

This is the Rocky River. It got very deep by day 6, and we had to walk up and down its banks to find safe spots to ford.
Read 6 tweets
Martyupnorth®- Unacceptable Fact Checker Profile picture
Apr 22
🧵The Liberal platform is a total disaster. If Carney wins, the next 3 generations of Canadians are royally screwed.

Let's break it down quickly.

1/ Image
The starting point of the Liberal platform is the deficit forecast published by the Parliamentary Budget Officer in the fall 2024 economic update.

The Liberals have never run a balanced budget.

The deficit for the fiscal year that just ended is $50.3 billion. I'm sure that will be closer to $75 billion by the time all the year-end accounting is done.

The current forecast for the next 4 years is:

2025/2026: $46.8 billion
2026/2027: $32.7 billion
2027/2028: $33.1 billion
2028/2029: $29.1 billion.

Freeland & Trudeau never even had plans to run a balanced budget. They also never had provisions to pay down any of our debt.

Ottawa's interest on debt is $1 billion/week.

2/Image
Carney is showing a modest increase in revenues during the next 4 years.

$20 billion in tariffs collected this fiscal year. Interestingly he shows no tariff revenues after that.

The increased revenues in the following three years is from what he calls "increasing penalties and fees" as well as "savings from increased government productivity"

The only gains in government productivity are if we layoff a bunch of civil servants. According to his numbers, he's only considering reducing the civil service by about 10,000 bureaucrats.

3/Image
Read 11 tweets
Martyupnorth®- Unacceptable Fact Checker Profile picture
Mar 11
The more I think about the 2025 Liberal leadership race results, the more I suspect the outcome.

They're trying too hard to make it look like it was a fair and democratic process.

85.9% for an "Outsider" who doesn't have a seat in the House of Commons. I mean, I don't like Freeland and Gould, but certainly they should have grabbed 10-15% of the first round votes. Carney is in despot territory with that result.

Here's some recent international examples of other dictators for comparison.

Vladimir Putin (Russia, 2024): Putin won the Russian presidential election with 88.48% of the vote on March 15-17, 2024.

Paul Kagame (Rwanda, 2024): Kagame secured 99.18% of the vote in the July 15, 2024, presidential election, extending his rule since 2000

Ilham Aliyev (Azerbaijan, 2024): Aliyev took 92.12% of the vote in the February 7, 2024, presidential election, called early after Azerbaijan’s military success in Nagorno-Karabakh.

Emmerson Mnangagwa (Zimbabwe, 2023): Mnangagwa won the August 23–24, 2023, presidential election with 76.8% of the vote

Politicians in western democracies rarely win with more than 50% of the popular vote, that's just the result of, fair, open, competitive elections.

1/Image
I find this part equally bizarre.

Registering for the Liberal party was free, which is why 400,000 people did it (including me).

Obtaining a ballot was very complicated. Voters had to prove their age, nationality and place of residence, either in person at a Canada Post outlet or online using a new App.

Some people were legitimately disqualified, but thousands also gave up out of frustration. Eventually 163,836 people qualified for a ballot.

Voting was open for a week, and 151,899 (92.7%) of eligible voters cast a ballot. That means that 11,937 people who went through the complicated registration process didn't bother voting.

2/Image
This is the most suspicious part for me.

According to the "official" results, Carney won in all 338 ridings. He even won in the ridings of his opponents, including Freeland and Gould's who are currently sitting MPs.

He won every single riding with 75% or more of the votes.

That's statistically impossible. There should have been a few ridings where Freeland and Gould had strong showings.

4/Image
Read 5 tweets
Martyupnorth®- Unacceptable Fact Checker Profile picture
Feb 18
⚠️Inflation is on the rise again in Canada

The Consumer Price Index (CPI) rose 1.9% year-over-year in January, following an increase of 1.8% in December.

In January, increased energy prices, notably for gasoline and natural gas, contributed the most to the acceleration. These price increases were partly offset by continued downward pressure on prices for products affected by the goods and services tax (GST)/harmonized sales tax (HST) break introduced in December.

Note: It's interesting that the Liberals will claim that removing the GST decreased inflation, but they won't say the same thing about the carbon tax.

1/Image
Prices for new passenger vehicles rise, while prices for used passenger vehicles fall in January.

2/ Image
The Consumer Price Index rises at a faster pace in six provinces in January.

Manitoba has the highest inflation. Image
Read 4 tweets
Martyupnorth®- Unacceptable Fact Checker Profile picture
Feb 14
Update on Interprovincial Trade

Most Canadian businesses only sell in their own province (right column). The province that does the most interprovincial sale is Alberta.

1/
www150.statcan.gc.ca/n1/daily-quoti…Image
Interestingly, while most businesses don't sell to other provinces, almost 50% of the business BUY from another province.

What province are they buying from? Ontario.

2/ Image
What are the top 3 obstacles experienced by businesses when selling goods or services to customers located in another province or territory?

Transportation cost: 23.2%
Distance between point of origin & destination: 7.5%
Lack of profitability: 6.4 Image
Read 4 tweets

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