Hundreds of billions in ‘contingent liabilities’ loom large over Canada

This year’s increase in the deficit is just the first of many payouts of Indigenous contingent liabilities from the backlog of claims accepted in principle but not yet paid.

When he came into office, Prime Minister Justin Trudeau said the welfare of Indigenous Peoples was his highest priority. The needle has barely moved on that dial, but the welfare of Canadian taxpayers is being bled to death, writes Tom Flanagan.The Hill Times photograph by Andrew Meade

Opinion

BY TOM FLANAGAN

December 20, 2024

On Dec. 16, the Trudeau government’s budget update included a change in the 2023-24 deficit from $40-billion to $61.9-billion—an increase of $21.9-billion. Obscured by all the...

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