RIGGED SYSTEM: While Trudeau Hikes Taxes On Middle Class Canadians, Elites Stash Over $350 BILLION In Offshore Tax Havens

The elites continue treating the rest of us like suckers.

When he was running for PM in 2015, Justin Trudeau’s entire campaign was based around his rhetoric of ‘helping the middle class and those looking to join it.’

While the Harper government had done a good job getting Canada through the global economic crisis, many Canadians were hoping for big middle class tax cuts, and Trudeau told people what they wanted to hear.

But as we have seen, Trudeau instead hiked taxes on middle class Canadians, scrapping popular tax credits and imposing a carbon tax that is making everything more expensive, hurting middle class and working class Canadians the most.

Meanwhile, it turns out that even as middle class Canadians are being taxed to a massive extent, the elites are stashing more money overseas than anytime in history.

According to a report by Press Progress, “Canadian corporations held a staggering $353 billion in 12 of the world’s biggest tax haven destinations in 2018. At the top of the list, Canadian corporations reported holding $90 billion in the tiny European nation of Luxembourg alone — that’s up $8.4 billion since 2017. Luxembourg is followed by Barbados ($65 billion), Bermuda ($47 billion) and the Cayman Islands ($40 billion), Statistics Canada’s data on Canadian direct investment abroad reveals.”

Keep in mind, when we talk about “corporations” here, we’re often talking about offshore holding companies set up by elites to stash their money and avoid taxes in Canada.

Yet, those same elites love to try and control Canada’s political system and influence the direction of the country they aren’t paying taxes in.

It’s quite telling that Justin Trudeau has failed to initiate any large-scale crackdown on the use of offshore tax havens, even as he and the Liberal government take more and more money out of your pockets.

That double-standard is exactly why more and more Canadians feel (rightfully so) that the system is rigged against us. When those at the top are able to stash their cash overseas, while the rest of us have to deal with endless tax hikes, it becomes quite obvious that those in power are treating us like suckers.

Spencer Fernando


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