Monday, December 19, 2022

TAXES RISING IN 2023 UNDER TRUDEAU

    Brian Lilley:  You don’t need to be a fortune teller to know that tax hikes are in the future for Canadians. At least five main taxes will increase in 2023 by hundreds of dollars per year for workers, employers and consumers.
   Of course, there could more if the Trudeau government decides they need more revenue tools to keep up with their ever-increasing spending.
  “Tax hikes will give Canadians a hangover in the new year,” said Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation.
  On Jan. 1, workers and employers will start paying more in payroll taxes through Employment Insurance premiums and Canada Pension Plan premiums. The Trudeau government has recently tried to claim these aren’t taxes but just fees we all collectively pay for services we get down the road.

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