What does Canada's parliamentary budget officer think about the federal budget?

Рет қаралды 20,568

Күн бұрын

Parliamentary Budget Officer Yves Giroux shares his opinion on the federal budget, tabled earlier this week, with Mike Le Couteur.
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Пікірлер: 116

@MadM_333 Ай бұрын

Any way you look at this budget, it's a disaster.

@TimDyck Ай бұрын

It’s not just a dumpster fire they set the bin, the truck and the whole landfill on fire.

@TheGruntski Ай бұрын

Just another worthless thief stealing the money that parents are trying to pass on to their kids.

@mhow7024 Ай бұрын

@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.

@kanuduh5234 Ай бұрын

@FreedaPeeple-in2mn How is taxing anything beyond 45% of your income fair? That's theft, period.

@bogeybichon7000 Ай бұрын

@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?

@kanuduh5234 Ай бұрын

@FreedaPeeple-in2mn This budget raises capital gains from 50% to 75%. That's straight up theft!

@goldminer83 Ай бұрын

@FreedaPeeple-in2mn too bad you didn't actually read the budget, just listened to your master Justin's bullsh!t!

@chessthecat Ай бұрын

Deficits should be illegal. If you can't keep within your budget you go back to the drawing board.

@TimDyck Ай бұрын

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.

@perryg5500 Ай бұрын

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

@tammyhaase7933 Ай бұрын

That should change..

@deanl6613 Ай бұрын

@@tammyhaase7933It sure should....Canada Post is carrying a Five Billion dollar pension deficit on their books...ridiculous.

@Anita-db9ro Ай бұрын

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

@grandmufftwerkin9037 Ай бұрын

Justin's government must come to an end.

@Goldminer63 Ай бұрын

This budget is the worst budget ever announced in the history of canada.

@TimDyck Ай бұрын

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.

@stevenjohn1470 Ай бұрын

So if a doctor, surgeon, dentists, pharmacist was thinking of making more money in America. This would totally push them out of canada.

@terrystouf8906 Ай бұрын

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 ..

@theowoytowich9959 Ай бұрын

@FreedaPeeple-in2mn They do

@user-mo4mu9eb8s Ай бұрын

@FreedaPeeple-in2mnwhat exactly is their fair share? A truly, indisputable fair share would be a flat tax across all taxpayers.

@leecrumble3921 Ай бұрын

@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!

@MrWookie1981 Ай бұрын

@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?

@user-qq4zg4gg3w Ай бұрын

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.

@zserbs2326 Ай бұрын

Like most if not all of the Liberal budget work it’s going to result in a decrease in economic output.

@tammyrobinson5249 Ай бұрын

It’s all deliberate. All of it.

@richardthompson6366 Ай бұрын

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?

@catman1050 Ай бұрын

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.

@colinjohnston5734 Ай бұрын

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.

@christiand1244 Ай бұрын

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.

@Mackeul Ай бұрын

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.

@christiand1244 Ай бұрын

@@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.

@leahjones4198 Ай бұрын

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?

@timstevens76 Ай бұрын

I feel the parliamentary budget officer is trying to hold the lipstick....

@0055ford Ай бұрын

Yes you gat it right, 👍 he is paying lipstick for desaster Trudo Freeland fraud.

@dev4statingx90 Ай бұрын

He's the only one in the arena with a brain

@Abeysampson Ай бұрын

Ask the same question to middle class families across the country how they pay their daily bills instead Budget office shame on you mike

@blackcoffee. Ай бұрын

JT has a scorched policy. No part of Canada will escape destruction.

@janetmdoherty Ай бұрын

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.

@antoniov64 Ай бұрын

This budget, like the PM who embraces it, is the worst in Canadian history.

@dev4statingx90 Ай бұрын

Income tax should be ZERO!

@Vancouverite135 Ай бұрын

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.

@theowoytowich9959 Ай бұрын

Absolutely right

@user-lr9rw3sb1i Ай бұрын

FJT

@AC-zt2ky Ай бұрын

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?

@andrewryba7864 Ай бұрын

50 bill in debt added is not responsible.

@Kodey-el3yp Ай бұрын

I thought the tobacco tax was to offset the higher healthcare costs..

@Npc733T Ай бұрын

Ya you got 2 months to sell your business to not get the taxes !

@valeriedrossel4627 Ай бұрын

Are they exempting politicians???

@alexg9727 Ай бұрын

His answer is "not responsible" the same exactly as the previous BOC chair.

@paulinegauthier1867 Ай бұрын

Fiscally responsible?? 😂😂😢😢

@janetmdoherty Ай бұрын

He was slick! I bet this does not touch him, but there are a lot of surprised folk out there this week.

@LexTalinois Ай бұрын

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?

@dylankrank Ай бұрын

Does this capital gains refer to a chalet as well as a cottage?

@audioiconoclayst Ай бұрын

Another long drawn out answer for a very short and precise question

@robsmith2158 Ай бұрын

We are already in historical high debt. So i think we know the answer.

@ThomasMullaly-do9lz Ай бұрын

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.

@jagmor233 Ай бұрын

Or investors will just sit on their investments until this government is thrown out.

@dev4statingx90 Ай бұрын

That's most likely

@taranathrakesh 25 күн бұрын

Wicked! This guy filibustered the opening question such masterfully.

@user-lr9rw3sb1i Ай бұрын

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.

@Lifegoal2030 Ай бұрын

Trudeau is done. He’ll resign by the end of the year.

@ForeverRetro31 Ай бұрын

He needs to be brought to justice.

@dustingray1397 Ай бұрын

Of course the bank doesn't care, they gave them selves 30 million in raises and bonuses over the last few years!

@marksarty3502 Ай бұрын

Let’s all vote Liberal/ NDP AGAIN shall we 😂! “How low can we go” 🇨🇦

@JO-my5ft Ай бұрын

Or maybe trying to generate a quick influx of cash to cover their history of debt and out of control spending!

@enchantedape8180 Ай бұрын

Fiscal guardrails....

@Isobel667-ht2es Ай бұрын

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!

@haroldroberts3892 Ай бұрын

Come on buddy if you have a grain of sense you know budget is irresponsible

@dootdoot1867 Ай бұрын

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.

@bumer2314 Ай бұрын

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.

@alk4210 Ай бұрын

JT out

@Dracoool Ай бұрын

A dirty diaper is a dirty diaper.....call it what it is.

@chrislentsch7569 Ай бұрын

Who is still voting for these crooks ????

@LizaB486 Ай бұрын

Taxing tobacco out the ying yang is so very annoying.

@peteristead2528 Ай бұрын

Bigger government, bigger taxes…….

@markdelft1769 Ай бұрын

This guy is a master of.non answers, must be a requirement for "public service".

@user-cf7jy8zo2i Ай бұрын

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.