This presentation discusses issues facing the electorate in BC. This presentation discusses why changing government is not always a good idea.

1. Study – Change of
Government – British
Colombia
Paul Young CPA, CGA
Date: April 30, 2017

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. British Colombia GDP
Source – Stats Canada
Actual GDP by Year
Source – RBC Economics

4. British Colombia – GDP - Outlook
Source – RBC Economics
The majority of economic indicators paint a vibrant economy in British
Columbia in the late stages of 2016 and early-2017. Labour market
statistics remain strong with employment gains totaling 31,200 between
September, 2016, and January, 2017; and the jobless rate (5.6% in
January) still the lowest among the provinces. Sales by provincial retailers,
wholesalers, manufacturers, and restaurants and drinking places continue
to grow briskly either leading the country in annual growth or ranking close
to the top. Manufacturers of food products, primary metals and machinery
posted their highest sales ever as 2016 drew to a close. For their part,
wood product manufacturers enjoyed their strongest sales since 2006.
Clearly, large parts of the BC economy remain in full upswing at this
juncture.

5. Softwood Lumber Risks
Source - http://www.cknw.com/2017/04/25/province-making-changes-to-cope-with-softwood-lumber-tariffs-b-c-premier/
“It is our hope that one day our markets will be so diversified that we don’t need
another softwood deal with the United States.”
She says exports to China are up more than 2,000 per cent, and there is strong
progress in other markets. Overall, market for softwood lumber is $3B for B.C.
When push comes to shove, however, the negotiations will be done on a federal
level. Despite that, Clark says B.C. will be playing a role in those.
“The federal government recognizes that British Columbia, as the exporter of 60
per cent of the softwood volume in Canada, is the leader
of all the provinces in these negotiations.”
The Premier goes on to say she’ll continue to work with the federal government
to support B.C. workers and minimize job losses.
“In the meantime, we are going to work to make sure B.C. mills can stay open
despite the impact of U.S. protectionist and punitive measures.”
CKNW News – Premier Christy Clark – April 25, 2017

6. British Colombia Budget
Source – BMO Economics
Comment:
• Budget Surplus
• BC spend less per
capita than
Alberta. Alberta
has NDP/Notley

7. 2017 Election issues for B.C.
Source - http://vancouversun.com/news/local-news/a-primer-on-some-of-the-main-issues-in-the-b-c-
election-on-may-9
Issue NDP Liberals
Daycare $10/Day for daycare
Pipelines Against For
Education More emphasis on
Education
Liberals say they
fixed the issues in the
classroom
Jobs NDP only focus is on
LNG, not other
sectors
Liberals focus on
many industries
including forestry,
aerospace, food
production, etc.
Minimum Wage $15.00 Incremental changes

8. Quebec daycare model failed
Source -http://www.huffingtonpost.ca/2015/09/29/child-care-subsidy_n_8178184.html
• Not enough spots
• Spots do not go to people that need the spots
• Daycare model in Quebec does not work

9. NDP manifesto
Source - http://www.theglobeandmail.com/news/politics/leap-manifesto-
what-is-it-and-what-could-it-mean-for-the-ndpsfuture/article29583796/
The Leap Manifesto is a document that calls for a
radical restructuring of the economy as Canada
swiftly moves toward ending the use of fossil fuels.
It was released last September in the midst of the
federal election campaign.
• You cannot go from carbon-based economy to zero based
economy overnight
• Fossil fuels are part of many industries like forestry, food
production, aerospace, metals, etc
• Pipelines provide taxation through property taxes,
construction jobs, port jobs etc.

10. NDP / Alberta
 NDP cannot managed an economy. Notley
introduced new taxation on oil and gas which is
not helping attract business
 NDP grew the public sector through hiring. It is
private sector business that drives GDP.
 NDP spending is out of control. NDP spends more
per capita in AB on government than BC does in
terms funding social programs
Source
https://www.therebel.media/rutherford_notley_s_feud_with_wall_a_w
ay_to_deflect_from_ndp_failures

11. NDP/MB
 http://www.torontosun.com/2015/08/25/manitobas-warning-dont-vote-ndp
What Canadians should know about an NDP administration is it believes
government should play a significant role in our lives. The cost of that —
including the empire-building and bureaucratic growth that goes along with an
expanding government — is not a concern for the NDP. Its overarching
philosophy is that if taxpayers have to dig deeper into their pockets to pay for
more government, that’s the price they must pay to live in a socialistic society.
Under an NDP government, Manitoba pays the second-highest income taxes in
Canada.
The NDP raised the retail sales tax to 8% in 2013 after promising not to do so.
They expanded the PST three times while in office, raised the gas tax and increased
the Land Transfer Tax.
They have created a structural deficit they can’t get out of, increased the provincial
debt to record levels and Manitoba’s credit rating has been downgraded.
This is the approach the federal NDP want to bring to Parliament.

12. NDP/Bob Rae
Source - http://calgaryherald.com/news/politics/notley-says-her-ndp-
government-will-avoid-bob-raes-mistakes
She says an Alberta NDP government will in no way resemble NDP premier
Bob Rae’s controversial regime in Ontario between 1990 and 1995.
Asked what lesson she can take from Rae’s one-term government, she
retorted: “Don’t be like them.”
“I find it irritating that the NDP, we always have to account for the Bob Rae
government’s fiscal challenges,” she told the Herald editorial board late in
the campaign.
“Ontario, it was bad, but the NDP always gets tarred for it, even though Bob
Rae has since moved over to the Liberals.”
• Notley increase debt and deficit, but little happen in
job creation
• Oil sector has rebounded but not investment and
jobs
• Notley did not learn her lesson from Rae

13. People voted for change in Ottawa and what happen?
https://www.slideshare.net/paulyoungcga/is-the-liberal-party-and-justin-trudeau-
helping-the-middle-class-in-canada

14. Questions to ask yourself
 How is the NDP going to pay for the $10 daycare?
 BC already has carbon pricing which is not carbon neutral.
NDP is against fossil fuels. So, how will NDP create the
conditions to attract jobs?
 NDP has always bumped up size of government which has
done little to improve delivery of program spending. Do you
want the AB model in BC?
 BC is key port area for exports. For each $1B of exports
there are 5,500 jobs. So, if NDP is against expansion on
natural resources then where will the jobs come from in
terms of job creation?