The Candice Malcolm Show Podcast Your taxes will go UP under Mark Carney (Ft. Franco Terrazzano)
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Apr 10, 2025 Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation and author of 'Axing the Tax,' dives deep into tax policy debates in Canada. He discusses the Conservative Party's proposed tax cuts aimed at easing financial pressure on families. Terrazzano also critiques the carbon tax and capital gains tax introduced by the Liberal government, highlighting their implications for economic fairness and innovation. Additionally, he addresses the NDP's spending proposals amidst Canada's debt crisis and the public's resistance to the carbon tax narratives.
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Legal Challenge to Capital Gains Tax
- The Canadian Taxpayers Federation successfully challenged the Liberal government's capital gains tax hike in court.
- Following the legal challenge, Mark Carney, the Liberal leader, abandoned the tax increase.
Hidden Carbon Tax
- Be wary of the Liberal's carbon tax; although the consumer rate is zero, the law remains, enabling its reinstatement.
- Carney’s plan shifts the carbon tax burden onto businesses, indirectly impacting consumers through higher prices.
Carbon Tax Consequences
- Carney's carbon tax on businesses will increase consumer prices and incentivize businesses to relocate to the US.
- The US lacks a national carbon tax, giving them a competitive advantage.
