Look out professionals, entrepreneurs, small business owners and retirees, tax hikes are coming

Canadian investors have a lot of options when it comes to mapping out portfolio risks and finding ways to mitigate them, such as diversifying their portfolios into larger, faster-growing and more innovative markets, but there are some risks on the immediate horizon where this exercise will do little to help, especially for professionals, entrepreneurs, small-business owners and retirees.

The problem is that the average population benefits from spending increases, but the entire tax burden often falls on a minority. For example, is it really surprising that three in four Canadians are in favour of introducing a wealth tax when these three in four Canadians won’t be paying for it? Idealism is easy when someone else foots the bill.

Since then, the government has been operating under the oversight of an all-party COVID-19 special committee that meets twice a week via videoconference and one day a week in the House of Commons. Well, even this was too much for Trudeau’s party, and with surprising support from the NDP, it was able to shut down this committee as of June 18, while Parliament will remain suspended until Sept. 21.

Other cities, like Vancouver and Toronto, despite having very robust housing markets, are lobbying for support from both provincial and federal governments. That said, I’m sure Canadians living in cities such as Saskatoon, Edmonton and Winnipeg don’t want to be subsidizing cities like Vancouver where the average two-story house is worth more than $2.1 million.

Someone has to fit the bill for all of the CERB money that was dished out...

Unless you have your head in the sand, tax hikes and reduced services will be the flavours of the day in the coming months and years! It will be time to pay the piper.

acoyne Corporate lobby firms like CFIB CFIB whine constantly for more handouts to vorporaye interests, then want bill to be paid by working folks through service cuts. No wonder CFIB held in such disrepute

So this is basically a glorified ad for the author of the article. Great journalism once again .

Government debt is a wealth transfer to the wealthy.

If they plan on actually paying the bills then expect massive tax hikes Nothing else will cover the costs being racked up.

This is the guy leading the country. He’s under qualified to make the coffee in the teachers lounge. Imagine being so stupid that you votied for this!

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Five things to watch for in the Canadian business world in the coming weekThe Bank of Canada is scheduled to make its latest interest rate announcement on Wednesday. The central bank is widely expected to keep its key rate on hold at 0.25 per cent, however economists will be looking for any comments it has about its outlook for the economy. No gold in Canadian vaults. Watch for the price of gold to go skywards & justin sold all we had left. The finishing touches on his dad's work for communism Could you ask pm Trudeau why the govt does not issue currency without debt? Why do we borrow our own currency from a private bank that is owned by the private family called Rothchilds in the UK? It does not make sense. And we pay massive taxes to pay down the interest?Thank you.
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