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Big Take
Tariffs Could Hit Canada Soon. Its Ex-Finance Minister Wants to Hit Back
Jan 28, 2025
Chrystia Freeland, former Canadian finance minister and deputy prime minister, offers a bold perspective as she aims to replace Justin Trudeau. She discusses her resignation, which sent shockwaves through Canadian politics, criticizing Trudeau's lack of preparedness for a potential Trump presidency. Freeland dives into the implications of looming tariffs and the need for a strategic response, emphasizing Canada's economic resilience. She also reflects on the importance of reconnecting with grassroots supporters for a stronger political foundation.
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Quick takeaways
- Chrystia Freeland's resignation sparked a leadership challenge in the Liberal Party, emphasizing the need for Canada to prepare against Trump-era policies.
- Freeland advocates for an assertive trade strategy, suggesting a retaliation list to counter potential U.S. tariffs on Canadian goods.
Deep dives
Impact of IRS Penalties on Businesses
In 2023, U.S. businesses faced significant financial repercussions totaling $14 billion in IRS penalties due to filing errors. This amount represents a substantial loss that could have otherwise been allocated for business growth and innovation. The penalties often stem from simple mistakes, such as incorrect tax identification numbers, highlighting the necessity for accuracy in tax compliance. Utilizing services like TenCheck can help businesses verify employee and vendor information against multiple databases, enabling compliance and reducing the risk of costly mistakes substantially.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode