Canada's federal budget: Ottawa will introduce surtax on Canada's banks

CTV News has learned that the 2022 federal budget will include a surtax on financial intuitions. Joyce Napier reports.


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[district]

Ottawa salaries should be frozen for ten years…

[florencesheppard]

The Canadian citizens are going to pay for this.

[tailiu]

The shareholders, the customers and the employees of the banks will pay. That means all Canadians will be taxed by the NDP-LIB government more heavily.

[lizzieluz]

So they made 1 billion in profit but they will pass the fee to consumers?

[torinobob]

This is designed to please the typical Liberal/NDP voter who will rejoice at government taxing big business while unaware said big business will pass on the added cost to their customers.

[T-BoneX]

How about the politicians who have continued to get pay raises throughout the pandemic....
Are you guys going to pay a new tax as well?

[mpfligs]

Trudeau needs to go. We need someone who can actually run a country.

[flyingbanjo]

Any tax the government wants to tax finds its way down to the average Canadian. More efficient spending is needed not more taxation.

[johndoherty]

More taxes Trudeau? Keep it up and you’ll find brave Canadians teaching the federal government some very expensive lessons! It’s coming chump!

[bradfleury]

Now set heavy fines for "passing" this onto the general public.

[dustingillard]

So more expensive for anyone who doesn’t work for the government

[bobbythompson]

Get that wacko out of our parliament. A disgrace to Canada.

[mikechisum]

Reopen all the shops you closed down for no reason. That is why these institutions made mega profits because we had to use credit cards instead of cash. Tax the online stores like Amazon where you could not use cash and they made billions.

[alexandrechampagne]

Were fucked. They are going after our pention now.

[Hibanaiam]

3 billion dollars over 3 years from rich companies yet we're a trillion dollars in debt Don't worry the books will balance themselves

[brenthastings]

Trudeau and Freeland are on the Nuremberg express.

[tessietesoro]

Whatever tax will be levied on banks, will be levied on customers, ( regular workers), so what kind of idea is this? 😲

[paco]

Another tool to increase inflation as it will be transferred to consumers.
Instead: better policy on the control of inflation with the interest rates and stop speculation by accepting AUCTIONS for a simple need for all: housing.

[MarkJohnson-mdbb]

The banks were complacent in illegal freezing Canadian bank accounts. I suspect it's the Canadian banks accounts that will pay for this too.

[osioixg]

Ceo's have all gotten a pay raise and bonuses.