A federal bank paid its employees about $104 million in bonuses and raises during the pandemic in 2020 and 2021, according to the Canadian Taxpayers Federation (CTF). The Business Development Bank of Canada (BDC) issued a total of $93 million in bonuses to its employees over the two-year period, according to documents obtained by CTF through Access…
Federal Bank Awarded Senior Staff $104M in Bonuses, Raises During Pandemic: Taxpayers’ Federation: Taxpayers’ Federation
Some Government Spending Items Will be Cut if There’s ‘Less Fiscal Room’ in 2023, Freeland Says
January 25, 2023
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Some federal government spending items outlined in this year’s budget and the 2022 Fall Economic Statement could be cut if economic pressures bring about “less fiscal room,” says Finance Minister Chrystia Freeland. Freeland made the comments at a press conference on Jan. 24 in Hamilton, Ont., where she is attending the Liberals’ post-holiday cabinet retreat,…
Canadian Government Discreet About Participation in WEF Davos Meeting
Deputy Prime Minister Chrystia Freeland met with her colleagues on the board of trustees of the World Economic Forum (WEF) in Davos on Jan. 20, but beyond this information contained in a succinct itinerary released by her office, the government is not making a lot of noise about its participation. The Epoch Times has throughout…
Freeland Tells WEF Russia’s Defeat Would ‘Boost’ Economy
Canada’s Deputy Prime Minister Chrystia Freeland told the World Economic Forum (WEF) in Davos on Jan. 18 that she’s “extremely confident” that Ukraine will defeat Russia, which would result in giving a jolt to the economy. Freeland said G7 finance ministers and governments cannot control COVID-19, the global supply chains or whether there will be…
$116 Million Spent on Carbon Tax Paperwork Since 2019, Federal Records Show
The Canada Revenue Agency has spent more than $116 million on paperwork related to the carbon tax since 2019, after the Greenhouse Gas Pollution Pricing Act received royal assent in 2018 and came into effect a year later. Revenue Minister Diane Lebouthillier told the House of Commons in a recently-tabled Inquiry of Ministry that $116.53…
Child Care Costs to Be Cut by 50 percent in Ontario by Year-End
The cost of daycare in Ontario will be reduced by an average of 50 percent by the end of the year, announced federal and provincial ministers on Dec. 19. “I know that there were some people who doubted whether we would actually be able to deliver, but in close partnership with provinces and territories, in…
‘Door is Open’ on Possible Federal Subsidy to Help Farmers With High Fertilizer Costs, Says Freeland
Deputy Prime Minister Chrystia Freeland says that the “door is open” on the possibility of the federal government introducing a subsidy to bring down the cost of fertilizer for farmers, exacerbated by supply shortages and Canadian tariffs on Russian fertilizer. “Some Canadian farmers, because of their historical relationships and historical dependencies, have been affected and…
Freeland Sends Ukraine $115 Million in Tariff Revenue From Russia, Belarus Imports
The federal government is channelling $115 million collected in tariffs on Russian and Belarusian products to help rebuild the power grid in Ukraine. Deputy Prime Minister Chrystia Freeland announced the funding this morning at an international conference in Paris in support of Ukraine. Canada slapped a 35 percent tariff on most goods coming from Russia…
Canadians Have ‘Considerable Cynicism’ Toward Federal Budget Day Promises: Report
A Department of Finance survey says most Canadians have “considerable cynicism” about the cabinet’s annual ritual of Budget Day promises, with pollsters observing an “estrangement from the budget” for some taxpayers. “There was considerable cynicism and doubt among participants about the government’s willingness to fulfil its promises and move forward with these measures,” says the research…
Anthony Furey: Onshoring Is Well Underway – and That’s Great News
Commentary It wasn’t that long ago that it was difficult to find any talking head or academic willing to sing the praises of onshoring, the process where products that were previously manufactured overseas are brought back home to be built on home soil by domestic labour. When Donald Trump first insisted, during the early days…
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