National
Moving election means tens of millions in extra pensions
From the Canadian Taxpayers Federation
Author: Franco Terrazzano
“If even half of these MPs lose, moving back the election one week would cost taxpayers tens of millions of dollars”
The Canadian Taxpayers Federation released estimates showing how much it could cost to delay the next election by a week and trigger the pension eligibility for members of Parliament elected in 2019.
“This looks like the government is pushing back the election so more MPs can take a very lucrative, taxpayer-funded pension,” said Franco Terrazzano, CTF Federal Director. “If politicians don’t want to look shady, then they should stop doing shady stuff like this.”
MPs are eligible for a pension after six years of service. MPs first elected in the 2019 election are not eligible for the pension until Oct. 21, 2025.
The federal government introduced legislation that would move the next scheduled election from Oct. 20 to Oct. 27, 2025.
This would mean 80 additional MPs would be eligible to collect a pension. The additional pensions total $120 million. That is the estimated lifetime pension if all 80 MPs lose their seats.
The annual starting pension ranges from $32,000 to $49,000.
“If even half of these MPs lose, moving back the election one week would cost taxpayers tens of millions of dollars,” Terrazzano said. “When MPs tweak the system to pad their pockets, it sends a signal to thousands of bureaucrats that they should dig deeper into the trough too.
“Leadership starts at the top and MPs are going the wrong way.”
The CTF is calling for reforms to the MP pension plan, ending severance and the transition allowance, and cancelling the April 1 MP pay raise.
The estimated pension calculations for the 80 MPs can be found HERE.
Banks
Four of Canada’s top banks ditch UN-backed ‘net zero’ climate alliance
From LifeSiteNews
Among the banks that have withdrawn from the UN-backed Net-Zero Banking Alliance are TD Bank, the Bank of Montreal and CIBC.
In a stunning reversal, four of Canada’s top banks have withdrawn themselves from a United Nations “net zero” alliance that supports the eventual elimination of the nation’s oil and gas industry in the name of “climate change.”
Last Friday, Toronto-Dominion Bank (TD), Bank of Montreal (BMO), National Bank of Canada and the Canadian Imperial Bank of Commerce (CIBC) said they were all withdrawing from the Net-Zero Banking Alliance (NZBA), which calls for banks to come in line with the push for “Net Zero” emissions by 2050. The NZBA is a subgroup of the Glasgow Financial Alliance for Net Zero (GFANZ), which was founded and backed by the United Nations.
Interestingly, the GFANZ was formed in 2021, while Liberal Party leadership candidate Mark Carney was its co-chair. He resigned from his role in the alliance right before he announced he would run for Liberal leadership to replace Prime Minister Justin Trudeau last week.
The sudden decision from Canadian banks to ditch the alliance comes despite Trudeau’s government still being committed to so-called “net zero” policies and only a few days before pro-oil and gas U.S. President Donald Trump was sworn into office.
According to a statement from BMO, it is no longer a “member of the Net-Zero Banking Alliance (NZBA),” but it is still “committed” to the idea of an eventual “net zero” world.
“We are fully committed to our climate strategy and supporting our clients as their lead partner in the transition to a net-zero world. We have robust internal capabilities to implement relevant international standards, supporting our climate strategy and meeting our regulatory requirements,” it said.
In a statement regarding its exit from the NZBA, TD Bank said that it has the “resources, relationships and capabilities to continue to advance our strategy, deliver for our shareholders and advise our clients as they adapt their businesses and seize new opportunities.”
Large U.S. banks such as Morgan Stanley, JPMorgan Chase & Co, Wells Fargo and Bank of America have all withdrawn from the group as well.
Since taking office in 2015, the Trudeau government has continued to push a radical environmental agenda like the agendas being pushed by the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.” Part of this push includes the promotion of so called “Net Zero” energy by as early as 2035 nationwide.
National
77% of Canadians want immediate election amid Trump tariff threats: poll
From LifeSiteNews
Over three quarters of Canadians polled want an immediate election to address U.S. President Donald Trump’s 25% tariff threat which could go into effect as early as February 1.
A new polls has found that 77 percent of Canadians desire an immediate election to deal with U.S. President Donald Trump’s tariff threat.
According to a January 21 poll by Ipsos, over three quarters of Canadians want an immediate election to address Trump’s 25 percent tariff threat which could go into effect as early as February 1 if certain demands are not met.
“We need a federal election immediately, so we have a Prime Minister and government with a strong mandate to deal with the tariff threat from President Trump,” 77% of the polled Canadians agreed.
Trump has threatened to put 25% tariffs on both Canadian and Mexican exports unless the countries take serious action against illegal drug smuggling and immigration which occurs at their borders.
Initially, the tariff was to take effect on his first day of office, January 20, but it has now been hinted by Trump to be slated for February 1, leaving Canadians under two weeks to respond to his demands.
The poll, which interviewed 1,001 Canadians, further found that 82 percent support Canada responding with its own tariffs on American goods entering the country.
Similarly, 55 percent of Canadians believe the tariff threat is a bluff to force Canadians to strengthen their borders and increase defense spending.
Prime Minister Justin Trudeau, who is slated t0 resign once a new Liberal leader is selected, has told Canadians that Liberals are considering all options, including retaliatory tariffs.
“We will not hesitate to act,” Trudeau said at a meeting of the Council on Canada-U.S. Relations on January 17. “We will respond and, I will say it again, everything is on the table.”
However, all plans for retaliation are paused as Trudeau has suspended Parliament until March 24 by which time the Liberal Party will have selected a new leader.
Many Canadians have pointed out that this essentially cripples Canada while Liberals sort out problems within their party.
Yesterday, Conservative Party leader Pierre Poilievre demanded that Trudeau immediately reconvene Parliament on an “emergency” basis so Canada can deal with looming tariff threats.
“Canada is facing a critical challenge. On February 1st we are facing the risk of unjustified 25% tariffs by our largest trading partner that would have damaging consequences across our country,” wrote Poilievre in a news release Tuesday.
Poilievre recalled that the United States under Trump says it wants “to stop the illegal flow of drugs and other criminal activity at our border,” and it will use tariffs against Canada as a way of forcing compliance with U.S. demands. Poilievre also pointed to the fact that the Trudeau government has admitted “their weak border is a problem,” which is “why they announced a multibillion-dollar border plan.”
“Canada has never been so weak, and things have never been so out of control. Liberals are putting themselves and their leadership politics ahead of the country. Freeland and Carney are fighting for power rather than fighting for Canada,” Poilievre charged, demanding that Trudeau reopen Parliament immediately “to pass new border controls, agree on trade retaliation and prepare a plan to rescue Canada’s weak economy.”
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