REPORT: Billions Of Dollars Have Already Left Canada Because Of Impending Trudeau Tax Hikes

Ironically, Trudeau’s dangerous tax hikes will mean less money for Canadian roads, less for social services, and less for our national defence.

A former Liberal Finance Minister is warning that billions of dollars have already fled Canada, and that loss could be just the beginning.

John Manley – who served as Finance Minister under the Chretien government says he personally knows of a Canadian business owner who has moved billions of dollars out of Canada as a result of Trudeau’s impending tax changes.

It is expected that many more billions of dollars will leave the country, as people seek to escape Trudeau’s tax hikes.

As a result, Canada will lose money that would have been used for fixing our roads, funding social services, and securing our national defence.

As reported by the Canadian Press, Manley is also concerned about Trudeau’s divisive rhetoric: “I don’t get it at all — I thought that one of the successes of Prime Minister (Justin) Trudeau was that he was the unifier, he was bringing people together,” said Manley, who noted the broader economy could feel the sting of losing too many big job creators.

Manley says job creators will leave the country quietly: “You won’t know about it because they’re not going to buy ads or report it — they’ll just go.”

Canada will get poorer, other countries will get richer

If businesses and business owners leave Canada, not only will the government not collect any extra money, they’ll collect nothing. Their 73% tax rate will effectively become 0%.

Jobs will be lost, our economy will decline, and all Canadians will be poorer off. Additionally, that money won’t disappear, it will simply go to foreign countries.

So, once again, Justin Trudeau’s policies enrich foreign nations at the expense of the Canadian people. Globalism at it’s worst.

Spencer Fernando

***

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Ana GomesJim LauderDelCatanddogRoman Recent comment authors
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HUNTERACEE
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HUNTERACEE

HE HAS NO CONCEPT, NO CONSIDERATION FOR OTHERS UNLESS THEY AGREE WITH HIS PERSONAL AGENDA, OR ARE MIGRANTS & ‘BORDER JUMPERS’!
TO MY MIND HE WILL CONTINUE TO DO JUST WHAT SUITS HIM!
HOWEVER, HE LOVES HIMSELF, HIS PHOTO OPS AND HIS ‘RIDICULOUS SOCKS’! DO HOPE WE ARE NOT PAYING FOR THOSE?
HE CONTINUES TO VASILATE ON MALI, FIGHTER JETS, JOINING USA TO PROTECT OUR COUNTRY, ETCETERAS.
POSTPONING ONCE AGAIN ANY DECISION IN VITAL MATTERS!
ARE WE CHEAP OR WHAT?
EMABARSING FOR CITIZENS!
I BLAME MYSELF FOR VOTING FOR HIM!

Ana Gomes
Guest
Ana Gomes

Why did you vote for him? Because the name Liberal is more attractive than Conservative?
Because your generation has been brain washed into leftist ideologies from your Canadian schooling?
Because of legalizing pot? Because you did not check his level of education and his field of expertise? which one is it? Snake oil speeches, may be…
Because they say that his hair is real?
Or simply because it was 2015, and budgets balance themselves , and Castro was a great man to admire and copy, since dictatorships are the thing for the future… ? Do we need more???

Glowing Heart
Guest
Glowing Heart

If the current system allows to have billions of dollar moved outside the country without consequences, maybe something is wrong with the system, and not with the PM?

Christine
Guest
Christine

Hum! What an odd comment here! This is a free country. We are not China, Russia or Saudi Arabia.

Xiat
Guest
Xiat

Yes, stop all international capital flows at Canadian border – brilliant idea! No, it is not.

How come any adult can vote on taxation when very few have an idea what is the money ?

Franklin Barrett
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Franklin Barrett

If someone has made the money with the risks he took, he is entitled to take it where it will bear the most fruit

Yvette
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Yvette

Glowing heart…. there are consequences… you can be sure of that. And what is wrong… is the p.m. who is so arrogant and narcissistic he will listen to no one!!! We will all pay for these decisions, including the bleeding hearts libs. The system was fine but now, it is being destroyed.

Catanddog
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Catanddog

It’s called free enterprise. What do you propose? Jail time if a company doesn’t like being fleeced? Or how about seizing the company, nationalizing it? That has worked so well in socialist 3rd world countries. Or how about exit tax? That will sure encourage business to consider Canada as a great place to invest in. I applaud a company who is smart enough to judge where to invest for profit, and creating jobs. Canada is not that place. We, the people, will suffer with Trudeau’s reign.

Del
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Del

We can’t force companies to remain in Canada. Companies and individuals being able to make their own decisions business and personal decisions, even including speech, is called Democracy. It is not up to Trudeau or McKenna or Khalid or Morneau to decide what is best for us, to decide whether our opinions are acceptable or not, whether our financial decisions meet with their approval.

Ana Gomes
Guest
Ana Gomes

Dear glowing heart:
And what do you recommend for the billions that enter the country when investors feel that they should invest here? Better send them packing too. That way they will not have a profit to take home !!!
You will become homeless and without a job but that is ok, because Justin the Generous will give you and your family a place in a hotel and 40 or 50k for expenses.
Wouldn’t you like that future?

jack grandville
Guest

“Canada will get poorer, other countries will get richer.” That not only sums it up nicely it is, unfortunately true. As with any other decision this person has made that has a direct impact on Canada, Canada is always the loser. Does that not not tell us something is wrong? Why would the leader of any country, by every act he makes, detract for his own country for the benefit of other countries? I have asked the question and will await explanatory answers.

Christine
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Christine

Trudeau wants to rule like Castro. So if people are poor and cant eat, he will be the dictator with selfie.

Ana Gomes
Guest
Ana Gomes

Jack: He is buying international recognition, and since the fashion , in Europe, was to import refugees at any price and to give to corrupt international foundations that may please the islamic countries, he is just doing that. Countries with Islamic ideologies are now worth more than 50 votes at the crazy United Nations , and he is trying to impress them in order to get his future employment lined up, and all the needed connections like pleasing the rich and powerful Clintons. Why is Canada contributing to the Clinton Foundation ? Trudeau is very fond of it, with taxpayers… Read more »

Roman
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Roman

Socialism at its finest.

Jim Lauder
Guest
Jim Lauder

Stop with the socialism comments. That is plain nonsense. What is happening throughout the West is disaster capitalism. Canada is a little sideshow in this circus. Leaders (i.e., governments) are being directed by the global banking system and corporations. If you’re not happy, join the fight.