Ottawa, ON – After nine years of Justin Trudeau, Canadians are struggling to survive. In 2015, Trudeau promised he would help the middle class, but nine years later, 9 out of 10 middle-class Canadians are paying higher income tax to pay for the Liberals’ spending.
Instead of giving Canadians the relief they deserve, Trudeau has decided to hike taxes again. The Liberals told everyone this tax would only affect billionaires, but Trudeau gave the richest Canadians a two-month window to sell their investments and move their money abroad to pay lower taxes building foreign businesses.
The truth is that working Canadians will have to foot the bill for Trudeau’s spending yet again. This was made clear through testimony at Finance Committee, where a plumber and small business owner said that this new Trudeau tax will jeopardize his retirement. He went on to say that he “could live with the 50 percent tax-all-gains structure, but now I hear it’s going up to 66 percent and for no reason other than the government needs more money.”
He went on to say that “the government just didn’t realize how we’re not rich people. I’m a small, hard-working business owner, just living next door … why did I work so hard?” He also stated that “I’m just a regular, everyday person who happens to be a plumber running a business, trying to live a good life. Why am I being penalized for hard work? I just do not understand how the current liberal government got so out of touch with the people.”
On top of this, Gunter Jochum, who runs a farm in Manitoba, said that his accountant “estimated that I will pay 30 percent more taxes. These numbers are staggering. If the capital gains inclusion rate is increased for family farms, it will impose a substantial tax burden on new farmers such as my daughter.”
It wasn’t like this before Justin Trudeau, and it won’t be like this when he is gone. Only 9 years ago, the New York Times found that Canada’s middle class was richer than America’s. Only Common Sense Conservatives will bring home powerful paycheques by designing a tax cut that will lower taxes on working Canadians and their businesses.