Description: Toronto Star columnist Armine Yalnizyan argues that a lot of Canadians will be picking up the tab for the truckers protest that surrounded Parliament Hill for over three weeks. Just one shopping location, the Rideau Centre, has been estimated to have lost $3 million a day in retail sales. With the federal government offering up to $20 million in total to businesses impacted by the blockade, it looks like all Canadian taxpayers will feel some of the pain. Add to this extra policing and cleanup costs and you’ll quickly see the residents of Ottawa will be picking up a few million in costs on their own. And this doesn’t begin to account for the cost to the Ottawa residents who had to deal with blaring horns and diesel fumes while living close by the site.
Date: February 23, 2022
1) Do you know anyone who was directly impacted by the Parliament Hill blockade?
2) How do you feel knowing that some of your tax dollars will be funding some of the costs associated with the situation?
3) Chapter 13 of Wiley’s Financial Accounting: Tools for Business Decision-Making deals with the Statement of Cash Flows. Which section of this statement would a business use to account for any assistance received from the federal government under this $20 million program?