Category: Canada Budget

Ottawa Won’t Balance Budget Until 2041, Taxpayer Advocacy Group Says

August 6, 2022
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It will take the federal government at least 20 years to balance the budget, judging by its current state and only if granted a generous forecast, says the Canadian Taxpayers Foundation (CTF). Using supplementary data from Fiscal Sustainability Report 2022 published by Parliamentary Budget Officer (PBO) Yves Giroux on July 28, the CTF compared Canada’s year-by-year projections of…

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Civil Liberties Group Raises Concerns Over Proposed Criminal Law Under ‘Antisemitism’ Title

April 27, 2022
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The Ontario Civil Liberties Association has written to senators and MPs to express opposition to legislation proposed in the 2022 federal budget to criminalize “Holocaust denial” and promotion of antisemitism, saying it will “damage Canadian democracy” and could lead to criminalization of speech about other significant events. OCLA executive director Joseph Hickey publicized the April…

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Budget’s Plans for Financial Crimes Agency Prompts Concerns Over Impact on Crowdfunding

April 13, 2022
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Some are welcoming the new law enforcement agency announced in Budget 2022 to help tackle Canada’s significant money laundering problem, while also expressing concern over its potential use to block crowdfunding for certain efforts if adequate safeguards aren’t in place—as they say occurred for the convoy protests against COVID-19 mandates. The federal budget proposed providing…

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‘A Kind of Newspeak’: ‘Modern Supply-Side’ Budget Downplays High Costs of New Spending, Say Experts

April 12, 2022
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News Analysis Canada’s Finance Minister Chrystia Freeland classified her budget as “modern supply-side economics,” but its greater reliance on government spending represents a new twist on the concept, some experts say. In her April 7 budget speech, Freeland said that “housing and immigration and skills and child care” are not only social policies, but “just…

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