The House of Commons, the lower house of Canada’s bicameral parliament, was elected on September 20. About 80 percent of voters have exercised their voting right. As a result, there was no difference from the last election. Incumbent Prime Minister Justin Trudeau’s Liberal Party won about 157 seats as the sole majority party. The main opposition Conservative Party won 123 seats.
As a result, there may be some differences. The votes sent by post are still being counted. It is worth mentioning here that more than one million voters have exercised their voting right, by post of which 20,000 votes have come from outside the country.
The majority is slightly behind the required number of seats (180) to form a government, but will form a minority government as a single majority party. The idea is that the New Democratic Party (NDP) will support the government with the 26 seats they get; In other words, the government may have to make some concessions in policy making. Again the government will help them (NDP) implement some agenda. There has not been much of a coalition government in the history of Canada.
The third is that the party (NDP) is supporting the government, although they are not joining the government; But if for some reason the support is withdrawn, then the government will not be able to survive.
Justin Trudeau, the current prime minister of the Liberal Party, has re-elected the newly elected Governor-General of the United Kingdom, Queen Elizabeth II, just two years ago. Because he had an idea — if elected now, his party will get a majority.
In just 36 days, such an election took place, costing the government about C 600 million; That is 4200 crore rupees in Bangladeshi currency. Now the question is – was it necessary to have such an expensive election in two years? When the parliament sits, the opposition will raise the question?
The Prime Minister may have the answer to this question. However, Canada is one of the seven largest economies in the world, so it has the power to bear such electoral costs! Think differently: the Election Commission of Canada hires thousands of people on a part-time basis for this election and has to spend a large portion of their salary.
So it goes without saying that a few thousand people have some source of income. Therefore, it cannot be said that this election expenditure is unreasonable!
Coronavirus has wreaked havoc on the world economy! The GDP of many large economies has shrunk and will continue to flow for some time to come. Corona’s fourth wave is underway in Canada. The vaccine has caused some relief, although many people have not yet been vaccinated. Again, a large part of the world’s population is against vaccination.
Although Canada is one of the seven largest economies in the world, the current Prime Minister-elect, Justin Trudeau, faces many challenges: economics, access to human housing, eco-friendly or green economies, and indigenous issues. But the main problem is: how can the Canadian economy be restored to its former glory?
The country, which has a strong social security system, has built strong structures for senior citizens, children and people with disabilities through the flow of funds. We have to create new jobs, we have to make arrangements to keep the business afloat. The Canadian economy, or GDP, shrank 1.1 percent in the first three months of the new fiscal year. This year, the contraction could be close to 2 percent. For such a large economy, the contraction may still be tolerable. In addition, every year a large amount of investment comes from abroad in the housing business, Canada is still a safe place for investors. So new taxes on foreign investors’ investments in real estate are imminent.
In the current financial year, the deficit budget has been estimated at হাজার 13,900 crore. A large part of filling this deficit will have to come through new taxes and some will have to come from internal and external debt.
The idea is to impose new taxes on the personal high income tax bracket, in addition to multinational e-commerce companies, including banks, who have made a lot of profits, large profits can be taxed on large profits. The current Liberal Party government is very careful to protect the environment. The carbon tax is already on. Even if a tax is imposed on a new name, it will come as no surprise.
Author: Engineer Abdullah Rafiq, Columnist, Calgary, Canada.