OTTAWA — Canada’s federal budget deficit will be billions of dollars deeper than it was supposed to be this year and next, according to the Finance Department.

The figures released this morning show that the Liberals’ projected deficit of $19.8 billion for the 12-month period that ends in March is now slated to hit $26.6 billion.

And next year’s deficit is expected to be $28.1 billion, before accounting for promises the Liberals will unveil in their 2020 budget.

The Liberals’ election platform projected four years of deficits of more than $20 billion, including almost $27.4 billion in the upcoming fiscal year that begins in April 2020.

The Finance Department says the deeper deficit is largely driven by changes to how employee pensions and benefits are calculated, but also accounts for a tax break that takes effect on Jan. 1.

Still, the Liberals say their preferred measure of the state of federal finances — which calculates the deficit relative to the size of the economy — will keep improving, if not as quickly as it was supposed to.

Spending is also expected to go up faster on the Canada Child Benefit than the Liberals projected earlier this year, a reflection of pegging the value of payments to inflation and “an increase in the projected number of children eligible.”

The government also says that increased spending announced in the March 2019 budget will be “entirely offset” over the coming years by what the Liberals higher-than-anticipated personal and corporate income-tax revenue.

At the same time, revenues will decline for excise taxes and duties this year — largely from the Liberals’ lifting retaliatory tariffs on American steel and aluminum earlier than they planned — and over the coming years from “lower expected growth in taxable consumption.”

Federal officials are also promising the first phase of a spending and tax review that the Liberals say will result in $1.5 billion in savings starting next fiscal year, which the government has accounted for.

The update provided today from Finance Minister Bill Morneau comes on the heels of a week where the opposition Conservatives accused the government of creating the conditions for a “made-in-Canada recession.”

The government, however, projects that the economy itself will continue to grow over the coming years at roughly the rate calculated in the March budget.

The Finance Department projects growth will be 1.7 per cent this year and 1.6 per cent next year, after weakness late last year and early this year, particularly in the mining and oil-and-gas sectors. The projections would make Canada the second-fastest-growing economy among G7 countries, behind only the United States.

Of all the recent legal shenanigans in Ottawa, the failure to plug money laundering loopholes remains the most egregious.

Here’s the problem: Canadian cities rate highly among the most desirable in the world, but also the most unaffordable. Vancouver took the top spot for unaffordability in 2017 based on the gap between low incomes and high prices, according to a global study. Toronto was the 13th most unaffordable — a major obstacle to attracting talent or head offices.

The culprit has been money laundering — by criminals, kleptocrats and tax evaders. Their favourite means of hiding money is real estate. In 2018, Ontario and B.C. imposed a 15 per cent tax on non-resident buyers, resulting in home sales falling around 40 per cent in Vancouver in January compared to the same period last year.

• Gouging the middle class must end, or the brain drain to the U.S. will continue unabated
• Foreigners are banned from buying property in New Zealand — Canada should do the same
• Legal loopholes give Canada a bad name when it comes to money laundering

In the Toronto region, the average sale price of a home in 2018 fell slightly to $787,300 from $822,681 — still excessive when taking income-to-pricing into consideration.

Much more must be done by governments. The foreign-buyer tax can be evaded easily because there are no transparency and disclosure requirements. Anti-corruption organization Transparency International offered a glimpse into the scale of foreign speculation abuse in 2015 with an analysis of Vancouver’s 100 most valuable property deals. It found nearly 50 per cent of ownerships were hidden through shell companies, nominees and trusts. The same likely applies to Toronto and Montreal, where money is parked in condos that are often left vacant.

Statistics Canada says the RCMP estimates up to $15 billion of laundered money enters Canada each year. That doesn’t include laundering by crooks who also bury proceeds in real estate. What governments must do, according to the latest report by the United Nation’s Financial Action Task Force (FATF) is crack down on money laundering enablers in Canada — lawyers, real estate agents, notaries and developers.

“Requirements (in Canada) are inoperative toward legal counsels, legal firms and Quebec notaries,” said the FATF report. “In light of these professionals’ key gatekeeper role, in particular in high-risk sectors and activities such as real-estate transactions and the formation of corporations and trusts, this constitutes a serious impediment to Canada’s efforts to fight money laundering (or terrorist financing).”

Naturally, vested interests claim money laundering and foreign buying are minuscule. But if true, then why did taxes on a small percentage of foreign owners in B.C. and Ontario (along with a ban on foreign buying in New Zealand) bring about price relief, mostly on luxury properties?

The disclosure of beneficial owners is a key solution. Otherwise, for example, real estate can be bought by a proxy person or company. Typically, funds come from a trust, managed by a shell company owned by another trust with an account in Luxembourg or Vanuatu, managed by a Swiss or Singaporean banker who doesn’t know the owner. Such arrangements must be illegal. The U.S. Treasury Department now requires beneficial ownership disclosure.

This is what Canada must do to drive out dirty money and get prices in line:

— Create a public registry of beneficial owners, and penalties for non-disclosure;
— Lawyers, real estate agents and notaries must report suspicious owners and transactions, as is now required of banks;
—  Speculation must be stopped by taxing residences that are unoccupied, which will also free up supply; and
— Where real estate prices have soared above affordable levels for locals, bans on foreign ownership should be imposed as has been done in New Zealand, China, Hong Kong, Switzerland, Greece, Hungary, Denmark, Poland and Malta, among others.

Current proposals by the NDP — to flood the market with new affordable housing — or by conservatives — to lift zoning restrictions — simply won’t move the dial.

Today, I’m going to tell you very shocking news about a lawyer in Ottawa.  His activities beg the rather alarming question on whether he’s part of a group of ‘Archons‘ identified in the above video excerpt by Alex Collier that is part of an effort to sell-out fellow humans to manipulative aliens for commercial profit. 

John Lash revealed on Metahistory.org that the ‘Archons’ appear as “regular people” but are controlled by a collective demonic alien artificial intelligence mind matrix which has been responsible for orchestrating wars and countless human suffering on our planet Earth.

These entities are not from our universe but originate from a lower dimension that has reportedly sought to use its artificial intelligence to divide, rule, conquer and exploit spiritual-biological beings like humans who possess souls which endows us with higher dimensional consciousness. 

The truly shocking activities of John Summers reveals apparent “fifth columns” in strategic positions of local police and among Judges who appear to be part of a “new slave trade” involving humans seeking to sell-out humans to the nefarious activities of Archons.

The most vulnerable members of human society which include “missing children”, the homeless and the elderly are reportedly being exploited by alleged alien interests, and it appears that John Summers has aided and abetted a hostile agenda.

When Ottawa man Horace Carby-Samuels began to complain to friends and family about an “Extraterrestrial threat” his son sought to come to both his father’s and his mother’s rescue. Horace began to complain of aliens seeking to take control of his body through his mind. 

The result of these reported alien incursions was that a normally mild-mannered Horace began to suffer from increasing apparent episodes where an alien mind would seize control of him which resulted in that alien personae inflicting sadistic abuse against his wife.

Raymond reported seeing his father eyes rolls in his head every time this apparent psychotic alien presence took over.  During one of these episodes, the apparent alien that seized control of Horace held a knife to Raymond’s stomach which sent his to the Emergency Room when Raymond had sought to protect his mother from the apparent abusive alien presence.

An informer revealed that Horace was being taken over by a commanding officer of an alien military command structure that sought to experience human emotions through Horace.

According to Alex Collier, the souls of humans are being “bottled-up” while aliens are seizing control of the bodies of human hosts.  Horace appears to be one of the latest victims and it appears that we, as humans, have John Summers to thank in his continued efforts to “protect” Horace and Dezrin as the property of the aliens that have sought to use these two humans.

John Summers enters the picture just when Raymond sought to get help for both is father and mother who were being subjected to a violation of their human sovereignty. 

Mr Summers claimed to be working for Horace Carby-Samuels in an effort to keep Raymond away from both his father and mother.  But after Raymond told Mr Summers that this was not credible because his now retired father couldn’t even afford a lawyer working at over $300/hr when his father was working, Mr Summers then revealed that he was “not at liberty” to say who he was being retained by.

In a similar manner that Africans used to sell fellow Africans as slaves for commercial profit, Alex Collier reveals that humans are apparently selling out other humans to the enable demonic aliens to subject humans to various sadistic experiments.

Both Horace and Dezrin Carby-Samuels appear to have been subjected to alien abduction and related experiments and it appears that at least one Ottawa lawyer’s job is to ensure that these experiments continue without any further interference from humans like Raymond.

John Summers’ key role in all this has been to make up a tissue of lies that would then be reinforced by fellow Archons working at Ottawa Superior Court.  These include Justices Macnamara, Roger and Corthorn who together used their mutual ties to an apparent “University of Ottawa” clique to sabotage efforts by other judges to support Raymond’s efforts.

When Raymond back in February 2016 obtained an Order from Justice Patrick Smith to protect his Mom from the sadistic alien personae that had seized control of his father’s body, John Summers and his apparent Archon associates expedited a false flag operation against Raymond to ignore all evidence of abuse by Horace while also seeking to declare Raymond to be a “Vexatious Litigant” for seeking to reinstate Justice Patrick Smith’s Order.

John Summers’ published lies in court documents include fraudulent claims of Raymond “suffering from mental illness” and being “blacklisted by Ottawa Ambulance Services.” These lies would then be treated as “fact” by his fellow Archons operating as Judges.

John Summers’ activities is a wake-up call to all humans of how our planet is being destroyed as a result of those humans who seek to support an apparent alien agenda against other humans who seek commercial profit and power under the hegemony of demons.