Freeland defends decision not to impose windfall tax on oil and gas companies

  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Finance Minister Chrystia Freeland is standing by her government’s decision not to impose a windfall tax on oil and gas companies in this week’s fall economic statement, despite calls from the NDP to do so, and other G7 countries making a similar move.

Freeland unveiled her fall economic statement Thursday, which gave an update on the state of the Canadian economy, and detailed the Liberals’ spending plans. As Freeland had signalled in the weeks leading up to the statement, it featured little in terms of new spending, but it does include previously announced targeted measures, such as the doubling of the GST credit, dental benefits for some children under 12, and a one-time top-up for low-income renters.

The windfall tax is a higher tax rate on specific above-average profits resulting from unexpected circumstances, such as the war in Ukraine, which has led to record revenue for oil and gas companies. “It was the right thing to do,” she also said. “And it also really, really helped our financial institutions.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Those two and others belong in jail for what they did to Canadians.

It's not needed. The liberals have driven up inflation there by increasing the amount of GST they collect on every item sold in Canada. Make no mistake the liberals windfall is your loss. TrudeauMustGo

She will always defend it she under the desks of big government sucking the off and swallowing. This her way of fucking over Canadians

Just us plebs.

Is that not the provinces jobs, get the right Royalties for US not the companies

Freeland is a WEF nazi piece of trash.

Because they all have big fat paycheques and don’t worry about anything financially

I wonder if you can report on whether or not Freeland went to the US and borrowed $500billion at a cost of 3% interest?

Taxation? Because the government uses the money so much wiser?

Licking the hand that feeds her.

Canada voted NO on a UN resolution to ban NAZI glorification. 52 countries,including Germany,Italy and Austria,voted at the UN AGAINST the annual Russian resolution on combating the glorification of Nazism.A year ago there were only two of them-USA and Ukraine. CTV, not a word !

Looking forward to seeing them both in orange...

Treason

just a hypothesis, Canada, leading the way, has figured out taxing workers is more efficient than taxing big corp cause millions of workers are too disorganized to make a dent than a few powerfuls.

You just keep pressing the same liberal garbage. Nothing about the liberal investment into moderna and the we scandal, snc lavelin…… vaccines injuries..

Freeland has acted against the interests of Canada and Canadians over and over again and has done nothing to restore the democracy that was stolen from us by her plutocrat masters. She's a traitor who belongs in jail.

That ridiculous carbon tax is destroying our whole economy

Sure and continue to tax the shxt out of working Canadians while letting rich bxych companies get richer and gxck working Canadians!

'Guys! We really think this will convince a handful of hardline conservatives to vote for us!'

If you gave Trudeau and freeland a wit they would still only be half wits.

Because they make huge corporate donations to political parties

Lol yall got green grifted

So righteous.

Vote NDP over and over.

The share buyback tax IS a windfall tax on oil and gas companies.

Typical just tax the shxt out of the low and middle income. Political parties are all the same!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in BUSİNESS

Business Business Latest News, Business Business Headlines