Canada’s economic competitiveness has slipped dramatically

We’ve lost our tax advantage over the U.S. and our regulatory processes have become far too onerous

Canada’s economic competitiveness has slipped dramaticallyBy Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute In the classic Aesop's Fable, a slow-moving tortoise challenges a self-assured hare to a race. Immediately, the hare jumps out in front and becomes overconfident. He naps halfway through the race and wakes up to find his competitor passing him. When it comes to…

Two fiscal statements, a common debt problem

The federal and Ontario governments need to present deficit-reduction plans with a credible target dates now

Two fiscal statements, a common debt problemThe Ontario and federal governments will release their fall fiscal and economic statements this month. Despite a tendency to compartmentalize these separate events, in reality, there’s only one taxpayer. And when the fiscal debt situations of the provincial and federal government are combined, Ontario taxpayers are right to worry. According to the most recent data,…

CRTC wants to tax Internet users to subsidize content creators

What does and doesn’t stream over the Internet is none of the CRTC’s business

CRTC wants to tax Internet users to subsidize content creatorsSometime in the not too distant future, everyone who subscribes to the Internet should have to pay more to ensure more secure jobs and incomes for Canadian content creators whose lives have been disrupted by the Internet. That’s the pitch being made by Canada’s telecom and broadcast regulator to the federal government as it looks…

Dazed and confused: legalizing cannabis offers no payoff

Provinces and municipalities face a bevy of expenses and a web of regulations. And the tax benefits at all levels are questionable

Dazed and confused: legalizing cannabis offers no payoffYou might wonder how legislators could lose money by legalizing and taxing an addictive substance. Behold, Canadian officials have outdone themselves with the rollout of recreational cannabis. Provinces and municipalities, many already in financial dire straits, have revealed a bevy of legalization costs. Meanwhile, tax projections suggest relatively slim pickings, given the size of the…

Trudeau government spending out of control

The federal government's fiscal plan is a dismal failure. Prime Minister Trudeau must repair it before next year’s election

Trudeau government spending out of controlBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute The next federal election is less than a year away. A lingering issue for the government, in particular Prime Minister Justin Trudeau and Minister of Finance Bill Morneau, is their ability to soundly manage the country’s finances. While much of the attention has rightly…

Canada lacks competitive edge to compete with the U.S.

Canadian governments have failed to offer any significant strategies to keep the country competitive

Canada lacks competitive edge to compete with the U.S.Say you’re a store owner and your competitor across the street offers everything at lower prices, with higher quality and a friendlier attitude. You’re in trouble. If your competitor was on the other side of the city, things might be a bit better. But across the street? That’s roughly where Canada finds itself in relation…

Canadian competitiveness lags because of U.S. tax reform

635,000 Canadian jobs, $85 billion in GDP and $20 billion in government revenue could be at risk

Canadian competitiveness lags because of U.S. tax reformBy Jake Fuss and Jason Clemens The Fraser Institute In professional sports, when a championship-calibre team adds another star player in the offseason, it has the potential to affect the level of competitiveness in the entire league. Tax changes can act in a similar way: when the United States implemented its tax reform policies in…

Broadening the scope of the business footprint

Kent Kaufield of EY talks about why its important to embrace change and the technology that drives that change

Broadening the scope of the business footprintKent Kaufield is EY Calgary office managing partner and energy managing partner. What are the main services EY offers to companies and businesses? Kaufield: We’re a professional services firm, which means we traditionally get grouped in the same bucket as auditors and accountants. We do that work and we love doing it, but how we…

There’s nothing ‘affordable’ about B.C. tax increases

Higher carbon, personal income, payroll, business and residential property taxes will hit B.C. families and make the province less attractive for business

There’s nothing ‘affordable’ about B.C. tax increasesBy Niels Veldhuis and Milagros Palacios The Fraser Institute “Making your life more affordable” has been a dominant rhetorical theme of British Columbia’s government – so much so that its 2018 budget uses the word “affordable” 76 times. Finance Minister Carole James mentioned “affordable” 26 times in her latest budget speech. While making life more affordable…

The magic carbon dividend plan is too good to be true

A Clean Prosperity report says Canadian households will be better off with such a plan. Looking at all the evidence suggests otherwise

The magic carbon dividend plan is too good to be trueWill households be better off under a carbon tax and dividend plan? A new report from Canadians for Clean Prosperity, a pro-carbon pricing advocacy group, claims they will, based on an analysis by David Sawyer of Enviroeconomics.org. It suggests that across income levels and provinces, households will pay less in carbon taxes than they receive…

Trade, deficit reduction and tax reform critical as recession looms

The federal government must act quickly on 3 fronts if it is to head off economic disaster

Trade, deficit reduction and tax reform critical as recession loomsWith the resumption of Parliament, Canada’s policy-makers face a turbulence. The United States and China are waging an economic Cold War armed with tariffs. And Ottawa continues negotiating with the administration of U.S. President Donald Trump over the North American Free Trade Agreement (NAFTA), with an American deadline looming on Sept. 30. Alongside all this,…

Death and taxes: the fundamental unfairness of taxing estates

We already have too many taxes in Canada. And they tend to be unfair, inefficient and oppressive. We don't need another

Death and taxes: the fundamental unfairness of taxing estatesA long-dead and largely unlamented tax has recently been rediscovered and embraced by certain people: the death tax, or estate tax. But inheritance taxes were abolished in Canada in 1971 by the Liberal government when a capital gains tax was introduced. In Canada, estates are already taxed on the difference between the market value of…

The Liberal government’s tax plan a failure

Politicians treat successful Canadians as natural resources to be annually harvested and squeezed for as much money as possible

The Liberal government’s tax plan a failureA few years ago, the federal Liberals told Canadians that they would help the middle class by raising taxes on the rich. According to the early evidence, the plan has flopped. This was entirely predictable. In 2015, the C.D. Howe Institute (formerly chaired by the current federal finance minister) called the policy a “losing proposition.”…

Healthy nations need healthy boundaries

If the world has anything to teach Canada, it’s not how to treat migrants. It’s how to deliver health care for its own

Healthy nations need healthy boundariesAre you a big-hearted person who likes to help everyone? If so, you probably suffered a phase where you offered too much of yourself: heart, time and money. Then you realized if you gave out too much, you would just plain give out. Despite your best efforts, there would always be more people in need…

The subsidy table is set, and actors and writers will dine

The CRTC has backed away from a 21st-century funding model for the creation of Canadian content. We'll all be poorer as a result

The subsidy table is set, and actors and writers will dineThe leaders of Canada’s creative rebellion have emerged victorious after two years of struggle. That means consumers will almost certainly pay more for years to come for their much-loved Canadian television content. The news came just prior to the Labour Day weekend. The Canadian Radio-television and Telecommunications Commission (CRTC) issued a decision confirming that it…
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