The Canadian Taxpayers Federation called on the federal government to provide tax relief and reduce spending as Canadians face record inflation..Canadian consumer prices rose 5.1% while average wages only increased 2.4% over the past 12 months, said a Statistics Canada report released Wednesday morning..“Other countries are providing relief, but Ottawa is sticking us with higher tax bills,” said Franco Terrazzano, federal director of the CTF..“Prime Minister Justin Trudeau could immediately make life a little more affordable by reducing taxes.”.Excluding gasoline, the consumer price index (CPI) rose 4.3%, a hike Stats Can said is the fastest pace since the index was created in 1999..The CTF said taxes make up 31-42% of the price of fuel, depending on the province..Federal carbon taxes add 11 cents per liter of gas and will amount to 40 cents per liter by 2030 with Trudeau’s current plan, said the CTF..Shelter prices rising 6.2% was a large driving factor in the steep year-over-year change..January 2022 prices of groceries were up 6.5%, a faster pace when compared to the 5.7% jump in the year up to December 2021..Stats Can said that was the largest yearly increase since May 2009..Fresh or frozen beef is 13% higher than a year ago, along with chicken (+9%), fish (+7.9%), Margarine (+16.5%), fresh fruit (+8.2%) and bakery products (+7.4%)..On a monthly basis, the CPI went up .9% in January — the largest increase since January 2017 — following a .1% decline in December 2021..Contributing factors included higher input prices, increased shipping costs, ongoing supply chain disruptions and unfavorable growing conditions, said Stats Can..Prices for services in the last year rose 3.4% in January, matching the December 2021 increase..Find the full statistics report here..Ewa Sudyk is a reporter with the Western Standard.,.esudyk@westernstandardonline.com
The Canadian Taxpayers Federation called on the federal government to provide tax relief and reduce spending as Canadians face record inflation..Canadian consumer prices rose 5.1% while average wages only increased 2.4% over the past 12 months, said a Statistics Canada report released Wednesday morning..“Other countries are providing relief, but Ottawa is sticking us with higher tax bills,” said Franco Terrazzano, federal director of the CTF..“Prime Minister Justin Trudeau could immediately make life a little more affordable by reducing taxes.”.Excluding gasoline, the consumer price index (CPI) rose 4.3%, a hike Stats Can said is the fastest pace since the index was created in 1999..The CTF said taxes make up 31-42% of the price of fuel, depending on the province..Federal carbon taxes add 11 cents per liter of gas and will amount to 40 cents per liter by 2030 with Trudeau’s current plan, said the CTF..Shelter prices rising 6.2% was a large driving factor in the steep year-over-year change..January 2022 prices of groceries were up 6.5%, a faster pace when compared to the 5.7% jump in the year up to December 2021..Stats Can said that was the largest yearly increase since May 2009..Fresh or frozen beef is 13% higher than a year ago, along with chicken (+9%), fish (+7.9%), Margarine (+16.5%), fresh fruit (+8.2%) and bakery products (+7.4%)..On a monthly basis, the CPI went up .9% in January — the largest increase since January 2017 — following a .1% decline in December 2021..Contributing factors included higher input prices, increased shipping costs, ongoing supply chain disruptions and unfavorable growing conditions, said Stats Can..Prices for services in the last year rose 3.4% in January, matching the December 2021 increase..Find the full statistics report here..Ewa Sudyk is a reporter with the Western Standard.,.esudyk@westernstandardonline.com
