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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Liberal Tax Policies Backfire
- The Liberals' capital gains tax increase and carbon tax were presented as solutions but now seem to be damaging the economy.
- The Liberals appear to be abandoning both policies due to negative impacts.
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.
