Justin Trudeau’s Gross Financial Mismanagement

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It’s tax time, which is always depressing in Canada thanks to the country’s wasteful federal government.

The Trudeau Liberals have overspent and overused for years, creating an uncompetitive business environment that is displacing jobs. To make matters worse, the government “bribes” companies with subsidies and grants to create jobs. This perpetuates a vicious cycle: subsidies are paid for by high taxes, which in turn increase taxes and require more subsidies to maintain employment levels.

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Reducing the cost of doing business by reducing government waste and taxes would attract jobs and investment. But in Canada, federal largesse is built into the system. Government incentives for the automotive sector to build battery and electric vehicle plants now total $42.7 billion – almost three times more than the $16 billion the industry contributes to Canada’s GDP.

Here is a collection of other examples of federal government waste and operational incompetence.

The government’s debacle with the ArrivalCan app cost taxpayers $60 million, when the app was only supposed to cost $80,000.

In testimony to a parliamentary committee on April 8, Canada Post explained how declining mail volumes and increasing competition in package delivery have placed financial strain on the Crown corporation, warning: “We will be releasing our annual report in the coming weeks “, which will provide more insight into the seriousness of our financial situation.”

In March, it was reported that the Canada Revenue Agency has so far fired 232 employees for fraudulently receiving Canada Emergency Response Benefit payments during the pandemic, and Procurement Minister Jean-Yves Duclos said he had asked the RCMP to return over $5 million Dollar to investigate that various sub-contractors are suspected of double-billing several federal agencies.

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Here’s a great letter to the editor from National Post reader Charles Hooker questioning the $1.4 billion the Liberals allocated to the CBC, which then cut 800 jobs and $15 million in bonuses: “It is a mystery to me why over a billion dollars are paid annually” to the Liberal Broadcasting Corporation (aka CBC), although I suspect the reason is obvious. … I also wonder why the president of the CBC complained about the need for more money while handing out nearly $15 million in bonuses.”

Despite huge spending, CBC’s latest quarterly report shows that viewership of its main English-language television networks fell to 5.1 percent from 7.6 percent in 2017-2018. This means that in addition to being a payout for pork, the network is not watched or needed.

Since 2015, deficits have exploded and Ottawa’s debt interest rates have nearly doubled in just two years.

In January, a Montreal Economic Institute report called “Bloat in the Federal Public Service” quantified the extent of the Trudeau government’s mismanagement. “Under the current government of Justin Trudeau…we are witnessing a truly unprecedented expansion of the public service,” the preamble reads. In 2015, when Trudeau was first elected, there were fewer than 260,000 federal employees. As of March 2023, the total was 357,247.

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“Furthermore, this expansion of the workforce entails additional expenditures that require additional government debt, ultimately leading to increased tax pressure on Canadian taxpayers.” Between 2015 and 2022, federal personnel costs increased by 53 percent to $60.6 billion -Dollar. “Canada’s gross debt also grew very rapidly during this period, increasing by almost 50 percent when adjusted for inflation,” the report says.

If the Canadian government were a publicly traded company, it would have no shareholders or investors.

Financial contribution

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