billion | Canadian National Multilingual Newsgroup

$15 billion given away to those not eligible, but CRA doesn’t care

by Marzio Pelù February 9, 2023August 25, 2023

TORONTO – Canada Revenue Agency calls you if $10 is “missing” (and if you don’t pay immediately, interest will kick in) but doesn’t think it’s worth recovering $15 billion. Incredible but true, so much so that even the “watchdog” of Canadian finances, Parliamentary Budget Officer Yves Giroux, said he was bewildered to hear the head of the CRA say that it was not “worth” recovering all that money, i.e. the $15.5 billion in potential Covid-19 wage subsidy overpayments. In other words, money ended up in the pockets of those who had no right to receive it. (more…)

$ 38 billion promised and never spent: thus the government reduces deficit

by Marzio Pelù January 30, 2023August 25, 2023

OTTAWA – The federal government failed to spend $38 billion, last fiscal year, intended for promised programs and services, including broadband Internet, new military equipment, affordable housing, veterans support and services to the Natives. The “excuse” is that of delays and interruptions due to the Covid-19 pandemic, but the reality is that unspent funds have played an important role in lowering the deficit: in the year ending March 31, 2022, in fact, Canada ran a deficit of $90.2 billion, $23.6 billion less than budgeted for. (more…)

Purchased 88 F35s: they will cost Canadians $89 billion

by Marzio Pelù January 9, 2023August 25, 2023

OTTAWA – After decades of postponements, delays and second thoughts, Canada has finalized the agreement to replace its aging fleet of CF-18 fighters with 88 Lockheed Martin F-35s that will begin arriving in the next few years: the purchase of aircraft will cost 19 billion dollars, but the bulk of the expenditure will be maintenance which should amount to around 70 billion. (more…)

From Ottawa and Ontario $1 billion to retool Stellantis auto plants in Brampton and Windsor

by Mariella Policheni May 2, 2022August 25, 2023

TORONTO – The federal and Ontario governments are jointly investing more than $1 billion to help Stellantis reorganize its Canadian auto plants to produce electric vehicles. Canada will allocate exactly $529 million and Ontario $513 million.

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Carpenters’ Union: “$ 3.1 billion embezzled from government: no to tax fraud”

by Marzio Pelù April 12, 2022August 25, 2023

TORONTO – The Carpenters’ District Council of Ontario (CDCO) is relaunching its campaign against tax fraud, which began Monday and runs until April 16. “The government is estimated to lose between 1.8 billion and 3.1 billion due to tax fraud in the construction sector – explains Mike Yorke (in the pic above, from https://canada.constructconnect.com), president and director of the Carpenters’ District Council of Ontario. (more…)

Canadian National Multilingual Newsgroup

Tag: billion

$15 billion given away to those not eligible, but CRA doesn’t care

$ 38 billion promised and never spent: thus the government reduces deficit

Purchased 88 F35s: they will cost Canadians $89 billion

From Ottawa and Ontario $1 billion to retool Stellantis auto plants in Brampton and Windsor

Carpenters’ Union: “$ 3.1 billion embezzled from government: no to tax fraud”

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