Canada asleep at the wheel on U.S. tax reform

The advantage this country once had over the United States has been spun on its head. And that means investment will start heading south in droves

Canada asleep at the wheel on U.S. tax reformBy Charles Lammam and Hugh MacIntyre The Fraser Institute Former prime minister Pierre Trudeau once famously quipped that living next to the United States “is in some ways like sleeping with an elephant.” By this he meant that developments in the U.S. often have an outsized effect on Canada. Canadians, like it or not, must always be…

Canada’s tax code is too complicated – even for CRA officials

As tax complexity grows, so do tax compliance costs. Canadians spend nearly $7 billion complying with the personal income tax system each year

Canada’s tax code is too complicated – even for CRA officialsBy Charles Lammam and Hugh MacIntyre The Fraser Institute Canada’s personal income tax system is complicated and the nuances are often cryptic. So citizens routinely rely on Canada Revenue Agency staff to help them navigate the system. Turns out, the system is often too complicated even for CRA officials to understand. A recent report by Canada’s auditor…

‘Fairness’ rhetoric masks an income tax imbalance

Not only does the top one per cent pay a disproportionate share of Canada’s taxes, its share has increased over the past two decades

‘Fairness’ rhetoric masks an income tax imbalanceBy Charles Lammam and Hugh MacIntyre The Fraser Institute For months, the Trudeau government has used the term “tax fairness” to justify higher taxes on entrepreneurs and incorporated professionals. While what’s a fair distribution of taxes is never defined by the government, such rhetoric fuels the misperception that Canada’s top earners collectively get away with paying very…

Fed’s tax policies hurt families striving to join the middle class

A tax cut rewards families who work hard. Increased transfers make them more reliant on government

Fed’s tax policies hurt families striving to join the middle classBy Charles Lammam and Hugh MacIntyre The Fraser Institute Prime Minister Justin Trudeau’s government has repeatedly said it wants to help families “working hard to join the middle class.” But has the government lived up to this rhetoric on personal income taxes, a key policy area where it’s been particularly active? Over their two years in government,…

Trudeau’s legacy a growing national debt burden

After only two years in office, Trudeau’s legacy on federal debt is already becoming clear, and future generations of Canadians will pay for it

Trudeau’s legacy a growing national debt burdenBy Charles Lammam and Hugh MacIntyre The Fraser Institute Sometimes it takes years, if not decades, for a prime minister’s legacy to fully take shape. Other times it happens in much shorter order. Just two years into his first mandate, Prime Minister Justin Trudeau’s legacy on federal debt has taken form. And it’s not good. Trudeau is…

Economic storm clouds on Canada’s horizon

This year’s uptick in economic growth has nothing to do with current government policy that is expected to hamper future business expansion

Economic storm clouds on Canada’s horizonBy Charles Lammam and Hugh MacIntyre The Fraser Institute During the recent federal fiscal update, Finance Minister Bill Morneau said higher-than-expected economic growth for 2017 is evidence that the government’s plan is working. In reality, however, little of what’s driving growth for this year has anything to do with government policy. And economic storm clouds remain for…

Juggling fiscal terms doesn’t help Canada’s middle class

When all of the Trudeau government's changes are considered, 81 per cent of middle-class families now pay more in personal income taxes

Juggling fiscal terms doesn’t help Canada’s middle classA semantic sleight of hand can't hide the damage federal tax policy changes have had on Canada's middle class. In a recent commentary in the Financial Post, Simon Fraser University professor Rhys Kesselman criticized the Fraser Institute’s analysis of how federal tax policy changes have increased the amount of income tax paid by middle-class families. Kesselman…

Fed’s small business tax tweaks won’t help the middle class

The uproar across the country to Ottawa’s small business tax reforms has triggered more back-pedalling, but no good solutions

Fed’s small business tax tweaks won’t help the middle classBy Charles Lammam and Jason Clemens The Fraser Institute Prime Minister Justin Trudeau and the Liberal Party were elected for, among other reasons, their commitment to a more prosperous economy, particularly one where the benefits flowed to the middle class. Since coming to power in 2015, there’s almost nothing the federal government has done without first couching…

Trudeau a true believer in the nanny state

Thinks Canadians can only achieve better lives by becoming dependent on government

Trudeau a true believer in the nanny stateBy Charles Lammam and Hugh MacIntyre The Fraser Institute It’s hard to argue with the Trudeau government’s rhetoric about how Canadians can achieve a better life. One of the first sentences in the recent federal budget reads, “At the centre of the Canadian story is the middle class and the promise of progress: that with…

Trudeau’s tax cutting rhetoric doesn’t match reality

The government has raised income taxes on the majority of middle-class Canadian families, despite repeated claims of the opposite

Trudeau’s tax cutting rhetoric doesn’t match realityBy Charles Lammam and Hugh MacIntyre The Fraser Institute Too often, reality doesn’t match political rhetoric. The federal government's tax relief promises are a case in point. On the federal election campaign trail in 2015, Justin Trudeau promised to cut income taxes for middle-class Canadian families. And since becoming prime minister, he and his government have repeatedly…