Taxpayers Federation praises Poilievre’s plan to reverse capital gains tax hike

From the Canadian Taxpayers Federation

The Canadian Taxpayers Federation is applauding Conservative Party Leader Pierre Poilievre’s promise to reverse the capital gains tax hike. Taxpayers are also demanding the Canada Revenue Agency immediately halt enforcement for the proposed tax increase.

“Poilievre is right to oppose the capital gains tax hike that will punish Canadian doctors, entrepreneurs and people saving for their retirement,” said Franco Terrazzano, CTF Federal Director. “The capital gains tax hike will blow a huge hole in Canada’s economy that we can’t afford.

“It’s great that Poilievre plans to scrap the capital gains tax hike, but he shouldn’t have to because the legislation has never passed and the CRA shouldn’t be enforcing it.”

Today, Poilievre announced he “will reverse last June’s Liberal tax hike on capital gains,” if he becomes prime minister.

A new report from the CD Howe Institute shows the capital gains tax hike will result in more than 400,000 fewer jobs and shrink Canada’s GDP by nearly $90 billion.

This report was completed in response to the Trudeau government’s plan to raise the capital gains inclusion rate for the first time in 25 years.

While a ways and means motion for the tax increase passed last year, the government failed to introduce or pass necessary legislation. Despite this, the CRA is pushing ahead with enforcement of the tax hike.

“The CRA must immediately halt its plans to enforce this unapproved tax hike, which threatens to undemocratically take billions from Canadians and cripple our economy,” said Devin Drover, CTF General Counsel. “It’s Parliament’s responsibility to approve tax increases before they’re implemented, not unelected government bureaucrats in Ottawa.

“The proposed capital gains tax hike must be stopped.”

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Argentina’s Javier Milei gives Elon Musk chainsaw

Published on February 21, 2025

Todayville

MxM News

Quick Hit:

Elon Musk made a dramatic appearance at the Conservative Political Action Conference (CPAC) on Thursday, wielding a chromed-out chainsaw gifted by Argentina’s President Javier Milei. The prop symbolized Musk’s commitment to slashing bureaucratic red tape through his Department of Government Efficiency (DOGE).

Key Details:

Musk received the chainsaw from Milei before his sit-down interview at CPAC in Maryland.
The chainsaw was engraved with Milei’s catchphrase, “Viva la libertad carajo!” which translates to “Long live freedom, Goddammit!”
Musk brandished the chainsaw on stage, declaring it the “chainsaw for bureaucracy” to a cheering conservative crowd.

Diving Deeper:

Argentina’s President Javier Milei presented the symbolic chainsaw to Elon Musk ahead of his interview at CPAC, reinforcing their shared vision of reducing governmental influence. The chainsaw, emblazoned with Milei’s signature slogan, was meant to represent Musk’s mission with the Department of Government Efficiency (DOGE) to cut waste, fraud, and abuse within federal agencies.

Musk enthusiastically accepted the gift and held it aloft, declaring it the “chainsaw for bureaucracy.” The bold gesture was well-received by the conservative audience, with Musk adding a simple yet effective rallying cry: “Chainsaw!” The theatrics were in line with his commitment to DOGE’s mission of downsizing federal bureaucracy, drawing inspiration from Milei’s aggressive government-cutting measures in Argentina.

Milei’s fiscal conservatism has gained international attention, influencing Musk’s approach to DOGE. The Argentine president’s radical budget cuts and advocacy for limited government resonate with Musk’s goals for the United States. By symbolically passing the chainsaw to Musk, Milei reinforced a partnership rooted in economic freedom and governmental reform.

Musk later posted a photo of himself with the chainsaw on his social media platform, X, captioning it, “This is a real picture,” underscoring his commitment to his bureaucratic overhaul agenda. The image quickly went viral, amplifying the message of aggressive government reform.

The bold display at CPAC not only solidified Musk’s role as a disruptor within the political landscape but also strengthened the ideological bond between Musk and Milei, signaling an international alliance against government inefficiency.

Business

Federal Heritage Minister recommends nearly doubling CBC funding and reducing accountability

Published on February 21, 2025

Todayville

The Canadian Taxpayers Federation is calling for the CBC to be completely defunded in the wake of the federal Liberal government’s recommendation to nearly double the state broadcaster’s cost to taxpayers and hide its budget reporting.

“It is outrageous for the government to try to hide the cost of the CBC from the taxpayers who are paying its bills,” said Franco Terrazzano, CTF Federal Director. “This government is totally out touch if it thinks it can nearly double CBC’s cost to taxpayers and try to hide its costs.”

Heritage Minister Pascale St-Onge said the government should nearly double the amount of money the CBC takes from taxpayers every year.

The CBC will cost taxpayers about $1.4 billion this year.

“The average funding for public broadcasters in G7 countries is $62 per person, per year,” St-Onge said. “We need to aim closer to the middle ground, which is $62 per year per person.”

Canada’s population is about 41.5 million people. If the government funded the CBC the way the minister is recommending, the CBC would cost taxpayers about $2.5 billion per year.

That amount would cover the annual grocery bill of about 152,854 Canadian families.

St-Onge also recommended the annual taxpayer funding for the CBC be removed from the government budget report and instead be entrenched in government statutory appropriations.

“I propose that it be financed directly in the legislation instead of in the budget through statutory appropriation,” St-Onge said.

“Canadians have told this government that the CBC costs them too much money, that it is not accountable to taxpayers and they don’t watch it, and now the government wants to double down on all those problems,” said Kris Sims, CTF Alberta Director. “The CBC is an enormous waste of money and journalists should not be paid by the government.

“The CBC must be defunded.”