Global corporate tax rate will hamstring economy

A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation

Global corporate tax rate will hamstring economyWorld leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…

Jumping on the regenerative agriculture bandwagon

But what does that mean for consumers and suppliers?

Jumping on the regenerative agriculture bandwagonRegenerative agriculture is making some noise of late – so much so that some companies are making it a priority. Foods, the world’s largest producer of french fries, just committed to limiting its climate footprint, saying all its french fries will come from farms using regenerative agriculture by 2030. For consumers, this is supposed to…

B.C. drivers burned by highest gas taxes in Canada

It costs about $50 extra in taxes to fill up a minivan in Metro Vancouver, not including the cost of the fuel

B.C. drivers burned by highest gas taxes in CanadaAs we see the light at the end of the COVID Tunnel of Hell, many families hope to hit the roads to explore beautiful British Columbia this summer. Safe road trips will be essential after the strain many have been under during the pandemic. But, because B.C. drivers are being burned by the highest gas…

Canada’s crypto crackdown does a disservice to the market

Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs

Canada’s crypto crackdown does a disservice to the marketThe Canadian cryptocurrency industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, didn’t expect regulators to come with one of the most heavy-handed approaches possible. On March 29, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory…

Trudeau trampling freedom of expression

So culture lobby can rake in more dough

Trudeau trampling freedom of expressionThe Trudeau government is throwing freedom of expression under the bus so the entertainment and culture lobby can pocket more dough. The proposed law, Bill C-10, opens the door for unelected bureaucrats to put online content under their microscope. These ramifications led Peter Menzies, former vice-chair of Canadian Radio-television and Telecommunications, to refer to the…

How to cool Canada’s overheated housing market

To incentivize affordable housing, officials need to slash taxes and red tape

How to cool Canada’s overheated housing marketAs economists Jake Fuss and Tegan Hill have warned, the macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows, the demand for residential real estate is driving prices through the roof. As…

Trudeau is sticking future generations with his spending bill

Babies born on budget day 2021 had more than $28,000 of debt the moment they opened their eyes

Trudeau is sticking future generations with his spending billBy Franco Terrazzano Canadian Taxpayers Federation and Kris Rondolo Generation Screwed Canadian babies born on federal budget day 2021 had more than $28,000 of debt the moment they opened their eyes. That’s each Canadian’s share of the federal government’s $1-trillion debt. And it’s going up. By the time those little ones blow out their candles…

Why basic income is not the best way to tackle poverty

What we need are carefully targeted programs specifically aimed at dealing with the issues that keeps people in poverty

Why basic income is not the best way to tackle povertyIn a country as rich as Canada, no one should have to be hungry or homeless. We do have people who can’t provide for themselves and we rely on the government to provide a floor below which Canadians can’t fall. We have to remember that this support comes from us, the taxpayers, so we need…

Canadians sinking under a $1,000,000,000,000 debt tab

And just wait until you hear how much the government is spending to cover its debt interest costs. It isn't pretty

Canadians sinking under a $1,000,000,000,000 debt tabIf you think the federal government’s so-called historic spending on a national child-care scheme is big, wait until you hear how much the government is spending to cover its debt interest costs. In its 2021 budget, the Justin Trudeau government is promising to spend $30 billion over five years on a national child-care program. That’s…

Trudeau budget takes on a reckless amount of new debt

Another step toward irresponsible indebtedness

Trudeau budget takes on a reckless amount of new debtBy Miquel Ouellette and Maria Lily Shaw MEI The recent budget presented by the Liberal government of Justin Trudeau – its first in over two years – is another step toward irresponsible indebtedness that will burden an entire generation of Canadians, if not more. On top of the hundred billion dollars of new spending, the…

New child-care program plays a shell game with the costs

Sticking future generations with the tab isn’t a winning solution

New child-care program plays a shell game with the costsBy Franco Terrazzano and Renaud Brossard Canadian Taxpayers Federation There’s a big difference between making something affordable and playing a shell game with the costs. Unfortunately, the feds are choosing the latter with their new child-care program. The federal 2021 budget allocated $30 billion over the next five years towards a national child care program…

Bitcoin’s future looks bright as a reserve currency

A fraction of the global economy moving to a bitcoin standard will create a ripple effect

Bitcoin’s future looks bright as a reserve currencyFormer Canadian prime minister Stephen Harper recently suggested bitcoin could become a reserve currency alongside the U.S. dollar. Now a business adviser with Harper & Associates consulting, he had a caveat: bitcoin still lacks a key money feature, that being a store of value. In contrast to fiat currencies, bitcoin has done little but rise…

Exalted man sought for something deep, and other scams

Or how you too can share in the millions Mark Zuckerberg is giving away

Exalted man sought for something deep, and other scamsFew crimes make me angrier than telephone or online scams. But I don’t know who I’m angrier at – the scammer or the victim. The scammer is a reprehensible subhuman, preying on naive elderly people. What’s worse than that? But I’m also angry at the naive elderly person. Seriously, grandma, do you really think the…

Federal budget spends more on everything with no plan to pay for it

The Trudeau government has set Canada on a path to fiscal destruction

Federal budget spends more on everything with no plan to pay for itBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.” If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget…
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