Author Profile
Franco Terrazzano
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Article History:
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Opinion: Government Shielded From Pain It Causes
Politicians and government decision makers are financially divorced from the Canadians they’re supposed to represent. And it shows. From higher taxes to revolving lockdowns, government decisions during the pandemic have been full of pain. But that pain hasn’t been felt by those pulling the levers. Quite the opposite. While millions of their constituents struggled, members…
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Opinion: Higher Taxes, Less Affordable Homes
The federal government is using tax dollars to dream up a new way to hammer homeowners. In 2020, the online news site Blacklock’s Reporter discovered the federal government funneling $250,000 through the Canada Mortgage and Housing Corporation to figure out how to improve housing affordability. The big brains funded by the CMHC just released a…
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Opinion: Unite Against Vax Tax
As we head into the third year of revolving government lockdowns, Canadians have every right to be furious. But we shouldn’t let politicians divide us. And we shouldn’t be duped into believing that we are going to tax our way out of a pandemic. “We're looking for a health contribution for adults who refuse to…
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Opinion: What To Do About Inflation
The federal government is putting on a masterclass about how to increase the cost of living. It’s doing everything from raising taxes during the middle of a pandemic, to massive government borrowing and money printing. Now the question is: will any politician do anything to fight inflation? The latest report from Statistics Canada shows prices…
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Opinion: O'Toole's Credibility Problem
In politics, nothing is more important than credibility. Politicians can deliver stirring speeches and launch searing attack ads, but if they don’t tell the truth, nobody believes any of it. And, one way or another, voters will hold them accountable. After our “election about nothing,” Erin O’Toole has a serious credibility problem. Take his flipflop…
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Opinion: Politicians Should Pay Back Wage Subsidy
Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy. Federal politicians have been moralizing about the evils of business executives taking bonuses while collecting the pandemic wage subsidy, but their silence on their own party taking the subsidy is deafening. At the…
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Opinion: Plan Needed To Balance Books
If the federal government’s fiscal policy stays on its current trajectory, Canada’s trillion-dollar debt will be a major drain on taxpayers’ wallets for generations to come. In this election, voters will need to closely examine parties’ plans to plug that drain. Unfortunately, the current Liberal plan would keep the federal budget in deficit territory for…
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We Each Owe $57K
Fifty-seven thousand dollars. That’s the average amount each Canadian will owe in provincial and federal government debt by the end of the year. It’s not just the rich or big corporations that will be mopping up this budget mess if politicians don’t take some air out of their bloated budgets. Politicians are already starting to…
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Global Tax Cartel
Canadian politicians like Chrystia Freeland see tax competition as a “race to the bottom.” But for the rest of us, a global tax cartel will mean an inevitable march toward higher tax bills and more pork for companies with access to politicians. Freeland agreed to the American-led proposal for a global minimum business tax of…
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Governor General Perks
It’s a rare event when the stars align in the cosmos of Ottawa to create the perfect opportunity for politicians to save taxpayers some money. That phenomenon is happening now. Ottawa is facing a blackhole of debt. It needs to save money and that signal needs to come from the top. When a new governor…