Budget Breakdown: What do Trudeau’s deficits mean for you?

April 1, 2016

During the campaign, the Liberals were very clear that their deficits would not exceed $10 Billion. Now the deficit has soared to $30 Billion, triple what the Prime Minister promised. What does this mean for Canadians? It means that every working Canadian now owes $1600 this year alone. Every average family now owes over $3000. This figure does not even include the raised taxes levied by this budget. Parents wanting to enroll their children in extra-curricular activities are being stripped of the Fitness Child Tax Credit and Children’s Arts Tax Credit in addition to the already removed Family Tax Cut. The Liberals are borrowing your money, raising your taxes, and have no plan to pay you back.