Showing posts with label Ontario. Show all posts
Showing posts with label Ontario. Show all posts

Monday, April 3, 2017

Power Struggle in Ontario: No not for Monetary, Political or Authoritative Reasons - We're Talking Energy

I do not read much of Rex Murphy, but this one was too good to pass up.  Credit due to for his plain anecdotes and comparisons.  

For those not living in Ontario, we are outrageously "taxed" (well, our fearless Premier "The Kathleen" would not call it a tax, but "necessary extra charges" to fund her dictatorship green energy policies and make up for all the contract gaffes of past Liberal energy policy mistakes).  

As an example, after having recently moved back from Vancouver, my BC Hydro usage for a ~1,000 sq ft, two bedroom condo was between $26 to $28 per month.  And the total cost of that usage?.....$26 to $28.  Here in Ontario, the same "usage" becomes approximately three times higher.  Even if I burned candles all month, unhooked all of my appliances, turned the thermostat down and ate out for every meal I would still be on the hook for a fixed amount of say at least $50 to $60/month. (As such, thanks to Premier Wynne, in Ontario we never say "win-win"). 

Rex has a couple of gems, and I would like to quote and give credit to him here...


First up from Rex, "A businesswoman I met recently — on her way, incidentally, to meet with a spiritual adviser — showed me the energy bill for her company. She was distraught and clearly frightened. And with good reason. For very clearly on her bill was a charge for the power she used — the electricity cost. And it was a mere (she employs nearly 40 people) $5,000. There it was on the bill: electricity charges $5,000. But when she forced her wary eyes to the Total Due, the amount had swollen to a terrifying and inexplicable $42,000.  How can this be? she cried… How could the add-ons cost SEVEN times more than the power actually consumed? It was like buying a low-end car for $20,000 and being charged $80,000 for the clock in the dash..."

Secondly, "It occurs to me that witchcraft in Ontario could explain a great many things. The curious gyrations of the Ontario government in its long embrace of its green plans, for one thing….What reason would bring in contracts lasting for decades with built-in guarantees for ludicrously overpriced power? What government would produce power, at great expense, to then sell it at a loss in a virtual voluntary subsidy to the ratepayers of neighbouring jurisdictions? What government would, on the premise of saving the planet, find itself in 2016 cutting off all power to 60,000 homes? What province would so engorge itself with taxes on its power that it now reaches into those same taxes it has extorted under this wild scheme to “rebate” them to the very people its plan has impoverished? It was bad enough when Ontario robbed Peter to pay Paul, now it’s then robbing Paul to pay back what it just stole from Peter..."


My favourite, "Finally, what province would but days ago ladle a couple of hundred million dollars to Ford Motor Company, in part for the building of V8 engines — the very villains of carbon production so decried in all the government’s other proclamations — some of which we may assume will go towards, directly or indirectly, Ford’s inflated power bill. Surely some superior dark force has a hold on Ontario...."

Saturday, April 1, 2017

Red is for (Liberal) Deficit: Why are There Not Outcries and Protests in the Street?

With Federal deficits now forecasted (well a Liberal forecast, based in Liberal math) out to 2050 and with such bloated payouts within the province of Ontario (a proxy for other provinces), why are Canadians not in a panic over future benefits,  oh say, CPP!

(The following "Sunshine list", those making over $100,000 working for the Provincial government was released. Some select positions as outlined. I do not know how the IPO of Ontario Hydro affects some of these positions being reported now, but I will have to investigate)

Sunshine List: http://news.nationalpost.com/news/canada/ontarios-sunshine-list-2017-all-the-ways-you-never-thought-you-could-make-100000-a-year

Although interest rates are low today, the Liberals at both Provincial and Federal levels are spending like proverbial drunken sailors (and on the flip side were receiving payments at a fire hose rate for that little issue called "cash for access", remember that one? As Liberals are also good at using media techniques of distraction which is their proverbial " broom" to sleep things under the rug).

Enough of the clichés, what does this all mean?  Sadly, as the Liberals have a high chance of regaining power in the next Provincial (Ontario cannot help themselves, despite record low rates of approval for "the Kathleen", Ontario voters only see Liberal red and will likely vote this gaffe induced party in again) and Federal elections (no clear leader for ANY of the opposition parties), Canadians had better beef up on their personal finance skills and mind their savings, RRSPs, TFSAs, company pensions, real estate holdings and how they can minimize their tax situation over the coming decades.

I'm 46 now, deficits are " forecasted" to be eliminated when I'm 80, I'm not depending on a CPP and review my RRSP every day.

Thursday, September 8, 2016

Ontario Liberals and "The Kathleen" to Prorogue: Is the Game Up?

As first seen on the Globe and Mail web site.  Is the game up for the Kathleen?

(I can't wait for Kevin O'Leary's response)


"...Premier Kathleen Wynne is proroguing the Ontario Legislature, clearing the decks in a bid to hit the reset button on her government.
The legislature will return Monday with a Speech from the Throne from Lieutenant-Governor Elizabeth Dowdeswell, laying out the Wynne government’s agenda for the second half of its four-year mandate.
The prorogation will kill all bills currently before the legislature..."

Monday, August 29, 2016

Ontario - Wake Up! You Are Being Run by a Left Wing Extremist, Gaffe Filled Liberal Government!!!

Love him or hate him, you must listen to Kevin, and he has hit it on the head again about Wynne's Liberals.  Left wing extremism at its highest degree.  Absolutely shocking some of the payments and political back scratching that has occurred.  All in the face of $308B in provincial (yes, Ontario ONLY) debt.

"Hi Premier Wynne,
I’m worried.
I asked you to keep me informed about the $1.9 billion you are extracting out of the Ontario economy in new carbon taxes. I was excited when you promised lots of new jobs and reductions in carbon emissions. Then I saw the July jobs report. Wow, 36,100 Ontario jobs lost in a single month, the worst decline since the recession, and you still haven’t told me any good news about carbon emission reductions. I guess your new plan is not working.
Maybe it would have been better to leave that $1.9 billion in the hands of the Ontario businesses that were using it to hire employees before you taxed it away from them...."
And it goes on....
http://cnews.canoe.com/CNEWS/Canada/2016/08/28/22662379.html