Smoke and Mirrors: The Truth About Taxes in Canada
Kris Sims
January 22, 2025
In just 9 years Justin Trudeau has doubled Canada’s debt, while increasing taxes and leaving Canadians with nothing to show for it. Canada’s debt clock stands at 1.2 trillion dollars, and that debt grows by over $100 million dollars every day.
If you were born in 1975, your lifetime tax burden would have been $404,000 dollars. If you were born just 30 years later, in 2005, your lifetime tax burden is $2.27 million.
Suffering under a crushing tax load that takes half their earnings every year, many working Canadians are now turning to food banks just to feed their families.
And the truly shocking thing is that the Canadian Taxpayers Federation has proven that the budget can be balanced, without costing Canadians what services they have left and leaving them with substantially more money in their pockets.
The CTF has been sounding the alarm on taxes in Canada since 1990, and is pushing back, most recently with a lawsuit against Trudeau’s government over Revenue Canada implementing new Capital Gains Tax changes that will further impoverish Canadians without those changes having been approved by parliament, a move which is illegal under our Constitution.
Kris Sims is the Alberta Director of the Canadian Taxpayers Federation, and she joins me today to blow away the smoke our federal government is using to attempt to hide the true tax situation, and how it is destroying our country.
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