Hub Podcasts Who’s getting what, Carney’s budget debate, and Poilievre's growth problem
May 24, 2025
The discussion delves into the pressing issue of Canadian household spending, particularly how rising costs in food and shelter hit lower-income families the hardest. It raises questions about the fairness of current economic policies and tax systems. Additionally, the conversation shifts to government spending, revealing its impact on female workforce participation and the crucial role of childcare. Anticipated budget announcements promise to clarify how operational and capital expenses are managed amidst political hurdles.
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Rising Basic Costs Burden
- Canadians spend nearly half their household budget on food and shelter, up from 42% ten years ago.
- Lower income households bear a heavier burden, spending over 53% on these basics.
Income Tax Impact Unequal
- Income taxes take a growing share of budgets, especially for high earners paying $81,000 on average in 2023.
- Low income households see virtually no increase in annual income tax payments.
Childcare Savings Favor Rich
- The Liberal $10/day childcare program reduced average childcare spending drastically, saving households nearly $4 billion collectively.
- However, high-income earners received over half of these savings, indicating limited progressivity.