What does Canada's parliamentary budget officer think about the federal budget?
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- เผยแพร่เมื่อ 14 มิ.ย. 2024
- Parliamentary Budget Officer Yves Giroux shares his opinion on the federal budget, tabled earlier this week, with Mike Le Couteur.
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Any way you look at this budget, it's a disaster.
It’s not just a dumpster fire they set the bin, the truck and the whole landfill on fire.
Deficits should be illegal. If you can't keep within your budget you go back to the drawing board.
We need a law that puts a cap on how much taxes they can charge and makes it illegal to run deficits. That would tie the government’s hand and force them to be responsible with our tax dollars.
Just another worthless thief stealing the money that parents are trying to pass on to their kids.
@FreedaPeeple-in2mn The worthless pices of shits are the one who has nothing to pay. They are called the bottom of the barrel for a reason.
@FreedaPeeple-in2mn How is taxing anything beyond 45% of your income fair? That's theft, period.
@FreedaPeeple-in2mn If someone works hard their entire life, saves and invests their money that has ALREADY been taxed at 50%, now the government wants to FURTHER tax the gains that you have made on the investment of your post-tax money.
What incentive is their to save and invest your money?
@FreedaPeeple-in2mn This budget raises capital gains from 50% to 75%. That's straight up theft!
@FreedaPeeple-in2mn too bad you didn't actually read the budget, just listened to your master Justin's bullsh!t!
Justin's government must come to an end.
This budget is the worst budget ever announced in the history of canada.
Well James Ilsley put out a pretty bad one in 1947 but he did have a war to fund so I guess we can give him a pass on it. But his forecasts were way out of line with reality and it was a National embarrassment.
So if a doctor, surgeon, dentists, pharmacist was thinking of making more money in America. This would totally push them out of canada.
Hopefully , if 350k a year wasn't enough and they feel that selling the office building that was a tax deduction should be tax free, they can F...off ..Go try Kazakhstan ..
@FreedaPeeple-in2mn They do
@FreedaPeeple-in2mnwhat exactly is their fair share? A truly, indisputable fair share would be a flat tax across all taxpayers.
@FreedaPeeple-in2mn Fair share all Canadians already pay a fair share! Maybe if we had a government not wasting 50 billion a year just on interest on the debt we could help all Canadians with lower taxes!
@FreedaPeeple-in2mn For every additional dollar I make I get to keep less than 40 cents and give the government more than 60 cents. How much more should I be giving to ensure my fair share?
This budget is a total train wreck and capital gains tax is coming after the middle class and Boomers investments and cottages! They want the millennials inheritance
Government employees do not care about private sector pension investments as they all have cash for life pensions paid for by the taxpayer. Wake up Canada
That should change..
@@tammyhaase7933It sure should....Canada Post is carrying a Five Billion dollar pension deficit on their books...ridiculous.
Just a budget to spend everything he can before Canada divorces him. Guaranteed after he is gone, it will be found that the damage is greater than they let on.
I know. And honestly given the absolutely crippling austerity the cons will have to introduce the liberals will try and frame it as them just being mean.
Wow so if you’re a successful investor building up your profile for a lifetime, these criminals have gall to take 2/3 ? Distribute it within themselves and who they favor. This is UNCANADIAN.
Not quite. Currently, capital gains have an INCLUSION rate of 50%, meaning that 1/2 of capital gains are not taxed, and the other half is taxed. The change now is to make that inclusion rate 2/3, so 1/3 not taxed and the other 2/3 taxed, this only for gains above $250k (I believe this is yearly, not lifetime?). Also, for Canadian Small Business corporations investments, you have a maximum lifetime amount of gains that you don't pay any tax on (last time I checked that was $750K but it has apparently increased now). I'm not happy about the tax increases either, nor with the extra spending, but I think it important for everyone to understand how this aspect works.
@@Mackeul thanks for the explanation. So the success of our small business is limited to 750K. I don’t get why we can’t trust Canadians to handle their money, which they earn with sweat and tears.
How much of the money that I worked my whole life for, is your ‘fair share’?
When you’ve done next to nothing all your life.
Like most if not all of the Liberal budget work it’s going to result in a decrease in economic output.
It’s all deliberate. All of it.
Collecting an ever growing amount of taxes and still borrowing a crazy amount of money and still failing to supply adequate services to Canadians. Where is the money going?
Ask the same question to middle class families across the country how they pay their daily bills instead Budget office shame on you mike
Is the balance fiscally responsible? No, it is absolutely not. This is the ninth year in a row that our government has run a deficit. There isn't any other way to look at it.
Another point is that every such year, the government also overshoots the debt, which ends up being worse than the already bad projection.
I am very sorry, but our finances have totally disengaged from reality, and the younger generations are the ones who will have to pay all that debt at the cost of the standard of living.
Absolutely right
FJT
Thought tax on tobacco was supposed to pay for the extra health care of the smoker So smokers wouldn't burden the healthcare system. Thieves profiting off addiction. How much tax do they get for being the largest opioid dealer in the country?
I feel the parliamentary budget officer is trying to hold the lipstick....
Yes you gat it right, 👍 he is paying lipstick for desaster Trudo Freeland fraud.
He's the only one in the arena with a brain
JT has a scorched policy. No part of Canada will escape destruction.
Ya, I did not see him sticking it to the investment class. They are the ones that fund the party and approve of schemes and antics.
This budget, like the PM who embraces it, is the worst in Canadian history.
Income tax should be ZERO!
Paying more to service our debt interest than in healthcare is not responsible. But hey, we need to pay for everyone’s birth control. So it’s worth it right?
His answer is "not responsible" the same exactly as the previous BOC chair.
50 bill in debt added is not responsible.
Minster Kherra makes over $100k a year. The model is based off of 2017 numbers.
They hand picked poverty levels from the smallest estimate; from 10k-33k.
$200 maximum. How many will recieve the max?
I thought the tobacco tax was to offset the higher healthcare costs..
All government management employees pensions need to be reviewed for tax savings and profromance bars have to be set like the private sector . 250 million for bonuses at BCD bank is out of hand.
Are they exempting politicians???
He was slick! I bet this does not touch him, but there are a lot of surprised folk out there this week.
Or investors will just sit on their investments until this government is thrown out.
That's most likely
Does this capital gains refer to a chalet as well as a cottage?
We are already in historical high debt. So i think we know the answer.
Another long drawn out answer for a very short and precise question
Ya you got 2 months to sell your business to not get the taxes !
Wicked! This guy filibustered the opening question such masterfully.
Fiscally responsible?? 😂😂😢😢
Of course the bank doesn't care, they gave them selves 30 million in raises and bonuses over the last few years!
Or maybe trying to generate a quick influx of cash to cover their history of debt and out of control spending!
Trudeau is done. He’ll resign by the end of the year.
He needs to be brought to justice.
Let’s all vote Liberal/ NDP AGAIN shall we 😂! “How low can we go” 🇨🇦
SOLUTION TO A DEFICITAL BUDGET HOLD EVERYONE IN THE PARTY RESPONSIBLE AND MAKE IT A LAW THAT THEY CANNOT BE VOTED BACK IN AT ANY POSITION IN THE GOVERNMENT. A DEFICITAL Budget should be ILLEGAL.
There should be a grading system at the end of your term as a prime minister. If you fail you get lifetime solitary confinement instead of a pension.
Fiscal guardrails....
Come on buddy if you have a grain of sense you know budget is irresponsible
Basically over the next 2 months there will be massive capital flight exodus from ambitious diverse individuals as the big money gobble up more assets and own more Canada in the long term.
A dirty diaper is a dirty diaper.....call it what it is.
Yes, this budget is a disaster and will increase the deficit which will take decades to get a balanced budget. Freeland is not qualified to be a finance minister. These Liberals have never cared about Canadians. My daughter will never be able to purchase a home because of Trudeau's inflationary and immigration policies. He, Singh and the entire Liberal party need to go now!
Taxing tobacco out the ying yang is so very annoying.
JT out
Who is still voting for these crooks ????
This budget will destroy middle class , we are already burdened by grand delusions and policies. That are totally out of touch with average Canadians it is totally fiscally irresponsible.
Bigger government, bigger taxes…….
This guy is a master of.non answers, must be a requirement for "public service".
Canada can just print more money. The budget will balance itself eventually. 🤣
You will need a lot of toilet paper if you want to listen to this. Diarrhea explosion
You will own nothing
Why is Canada taxed so hard , absoulte insanity
Who is this guy?