Last week marked the one-year anniversary since the election of the Liberal government led by Justin Trudeau.
It’s been a very expensive year for Canadian taxpayers to say the least. Their record is one of economic mismanagement, higher taxes and entitlement.
Justin Trudeau began breaking promises almost immediately after taking office when he blew through his “modest” deficit promise of 10 billion dollars, borrowing three times more than he said he would. He also broke his promise to cut taxes for small businesses and to make his tax plan revenue-neutral.
He then focused his attention directly on the middle class. He cut tax credits for kids’ sports and arts classes, making them more expensive and cancelled credits that helped with the costs of tools for tradespeople and textbooks for students.
Not wanting to leave out those Canadians who were working hard to save for their retirement, Mr. Trudeau then clawed back the ability for Canadians to save a little extra in their tax-free savings accounts.
Unfortunately, looking forward doesn’t appear any brighter as the vast majority of new employment created under the Liberal Government has been part-time jobs. High paying full time jobs are in very short supply. Meanwhile, the cost of living continues to go up.
In just one year, Justin Trudeau has already established a record of economic failure and this is echoed in the recent actions by the Bank of Canada, the IMF and the OECD who have all downgraded their forecasts for Canada this year and the next.
Add to all of this a new CPP tax hike and a massive carbon tax and Canada’s economic future indeed looks very bleak. The Liberals are digging us deeper into a hole of their own making and Canadians are worried. I hope the Liberals will forgive us for not celebrating along with them.
As the only voice of the taxpayer, Conservatives have been busy over the past year and the next few will likely be even busier.