Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

DAN ALBAS – Liberal government has spent approximately $240 billion on pandemic programs and services -- over $6,300 for every Canadian

 


One of the roles of the official Opposition is to hold the Government to account on where your tax dollars are spent.

Historically journalists have also been part of this process and more recently, at least in Ottawa, also the Parliamentary Budget Officer.

Since mid-March, when the pandemic began, and up until the end of November, the Federal Government has spent approximately $240 billion on various (COVID-19) pandemic programs and services.

For some context, on that works out to over $6,300 for every Canadian.

This raises the obvious question as to where that money has gone.

Recently Canada’s former Parliamentary Budget Officer was quoted as saying, after looking at the Trudeau Liberals latest fiscal update:

It's impossible to read. I have done this for years and I can't even follow the money,"

As Parliamentarians in the official Opposition, we have experienced similar frustrations trying to get more detailed financial information from the Finance Minister, thus far without much success.

Fortunately, the investigative journalists at CBC have also been looking at this topic and have made some important progress.

The large numbers have been well known as they are publicly available.

The $240 billion breaks down into three categories:

·         $105.6 billion was spent on programs for individuals,

·         $16.1 billion on supports for government related programs

·         and finally, $ 118.3 billion on programs for businesses.

It is this last category, and attempting to identify exactly where these business supports have gone, that has raised many concerns.

CBC has used corporate filing information to track down over 400 companies that have received financial assistance from the federal government.

The Financial Post has taken this investigation further and identified, to date, 68 publicly traded companies that received this taxpayer financial assistance in the form of wage subsidies and at the same time paid out shareholder dividends.

In other cases, executive bonus money has been reported to have been paid out as well as stock buy back programs have been used.

The Liberal Government has been clear that the wage subsidy program is to be used to pay workers, not to pay for dividends or executive bonuses.


However, at the same time the Liberal Government is refusing to disclose what other companies accessed these funds.

Were it not for investigative journalism, the public would be unaware of these 68 companies that have been identified to date.

My Question This Week:

Given the Liberals refusal to disclose this information, should it be a requirement for a company applying for taxpayer assistance programs to be publicly listed as a recipient of this funding?

I can be reached at:
Email: Dan.Albas@parl.gc.ca
Toll Free: 1 (800) 665-8711


Dan Albas ... is the Member of Parliament for the riding of Central Okanagan Similkameen Nicola. This riding includes the communities of Kelowna (specific boundaries), West Kelowna, Peachland, Summerland, Keremeos, Princeton, Merritt and Logan Lake.

Comments

Popular posts from this blog

It seems the call for blood donors is being responded to, however ... “This effort is a marathon, not a sprint” says Canadian Blood Services

A week and a half ago I wrote the commentary ... “ While the national inventory is currently strong, an increase in blood donor cancellations is a warning sign of potential challenges to maintaining a health inventory of blood ” It was written as a result of talk about a potential blood shortage that would occur if people stopped donating due to the COVID-19 virus. It seems the call to Canadians was responded to, however, as I was told this afternoon ... “ T his effort is a marathon, not a sprint ”. As it now stands now, donors are able to attend clinics which are held in Vancouver (2), Victoria, Surrey, and in Kelowna, so I asked if there any plans to re-establish traveling clinics to others communities - for example in Kamloops, Prince George, Prince Rupert, Revelstoke or Cranbrook, and perhaps further north at perhaps Ft. St. John? According to Communications Lead Regional Public Affairs Specialist Marcelo Dominguez, Canadian Blood Services is still on

FEDLSTED -- Rules will have to relax-- the question is how and when

The media has created a fervour over the mathematical models that allegedly help governments predict the future of Coronavirus infections in the general population. Mathematical modelling has limited use and value. We need to understand is that the data available on Coronavirus (COVID-19) infections in Canada is far too small for statistical reliability. The data available for the whole world is useless due to variables in how nations responded to Coronavirus infections. There is no commonality in steps taken to combat virus spread and no similarity in the age demographics of world nations, so the numbers you see on the daily tracking of world infections are not useful in developing a model of infection rates that can be relied on. Mathematical models of the future spread of Coronavirus are better than nothing, but not a whole lot better.  Mathematical models must include assumptions on virus spreads, and various factors involved. As they are used in projections, a small erro

WUN FEATHER -- can we just put those two names to bed for a while? You can call me an ‘Indian’ and I won't mind. And let's not call the farmers and ranchers ‘Settlers’ anymore

Hey there # TeamCanada !   I can't take it any more! Well, I guess I can, but I don't want to. I want to talk about the names we call each other. My very best friends, and all my Elderly Aunts and Uncles call me an Indian. I have walked into the most magnificent dining hall at the Air Liquide Head office, Quai D'orsay in Paris, France, surrounded by the worlds top producing Cryogenics team, and Patrick Jozon, the President of Air Liquide, has seen me enter the room, and yelled: " Bonjour! There is Warren! He is my Indian friend from Canada! He and I chased Beavers together in Northern BC!" And over 400 people turned to look at me and then they all smiled, and nodded. To most European people, an Indian is an absolute ICON!   The ultimate symbol of North America. They love us. And then, one time I had just gotten married and took vacation days off to take my new wife to meet my Grandmother; I was so proud. But as soon a

Labels

Show more