While providing benefits to the poorest 40% of Canadians, the report found that the top 60% of households will actually lose money as the government would raise taxes and cut other benefits to provide UBI.
53% of Canadians are $200 or less away from missing their bill payments, a 10% jump since December and a five-year high.
A new study comparing federal spending by past governments reveals that in the past year, the Trudeau government has spent nearly double what the Canadian government did during World War II.
The Parliamentary Budget Office predicted the Trudeau government’s unprecedented spending will raise Canada’s debt-to-GDP ratio to the highest it’s been in over fifty years.
While many Canadians struggle with unprecedented unemployment and sky-rocketing debt as a result of government-enforced lockdowns, members of parliament are set to receive a raise on April 1.
In a report released Thursday, Auditor General Karen Hogan sharply criticized the government’s $188 billion Investing in Canada Plan, warning that many goals may not be met at the current rate.
Cryptocurrency to mimic gold?
Out of the businesses surveyed, only 38.4% of business owners reported that they are confident that they will be able to operate for a year or longer at the current revenue levels.
“The class warfare people need to get a grip on what happens”
259 new billionaires broke into the club during 2020.