Federal finances perilous but Morneau oblivious

Canada’s economy is weakening with storm clouds on the horizon while federal finances are woefully unprepared for a recession

Federal finances perilous but Morneau obliviousBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute It’s hard to recall a time when Canada’s finances were so perilously close to rapidly deteriorating with seemingly little or no interest in Ottawa. Federal Finance Minister Bill Morneau has been making the rounds since releasing the fall economic update last month, reassuring Canadians…

Federal government tax cuts miss the mark

We need smart tax cuts that improve incentives for workers, entrepreneurs and investors, along with a balanced budget

Federal government tax cuts miss the markBy Jason Clemens, Jake Fuss and Tegan Hill The Fraser Institute Finance Minister Bill Morneau recently confirmed the federal government’s intention to reduce personal income taxes for everyone except “higher-income earners.” With total taxes (federal, provincial and local) consuming 44.7 per cent of the average family’s income in 2019, it’s easy to see why Canadians…

Keep federal government from messing with education

Canada's kindergarten-to-Grade 12 system flourishes because it's controlled by the provinces, which often show great innovation and creativity

Keep federal government from messing with educationBy Jason Clemens and Tegan Hill The Fraser Institute One of Canada’s great political strengths is that we’re a federalist country, meaning we have constituent provinces with significant powers that are distinguishable from the national government. This separation of powers, at least theoretically, allows the country to split the responsibility for different programs between the…

CPP takes bigger bite from Canadians

But much of the justification for expanding the pension plan is debatable or downright wrong

CPP takes bigger bite from CanadiansBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Canadians likely noticed that their first paycheque of 2019 was slightly smaller than in 2018, even if they got a raise. The decline in after-tax income is because the first of several tax increases to finance an expanded Canada Pension Plan (CPP) took effect…

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…

Scaling back CEO pay will drive top talent away

Introducing new regulations and taxes to diminish executive pay will ultimately damage the Canadian economy

Scaling back CEO pay will drive top talent awayBy Jason Clemens and Joel Emes The Fraser Institute Along with the perennial new year resolutions, January also typically features a swath of commentaries decrying the pay of chief executive officers and demands for new regulations and taxes. But these calls for ever-larger government interventions on entrepreneurs and businesses miss the bigger picture – and risk…

Health reform lessons from the Land of the Living Skies

Saskatchewan has gone from having one of the longest wait times, on average, for medical treatment to one of the shortest

Health reform lessons from the Land of the Living SkiesBy Jason Clemens and Bacchus Barua The Fraser Institute It may have been forgotten that it was Saskatchewan and not Alberta that led the way to balanced budgets in the early 1990s. Saskatchewan is again showing its proclivity for innovation and leadership, this time in the area of health-care reform. Towards the end of the…

Why measurement matters in income inequality

Oversimplifying this issue to arrive at predetermined results risks making the situation worse

Why measurement matters in income inequalityBy Jason Clemens and Chris Sarlo The Fraser Institute Canada, like most industrial countries has its fair share of economists and politicians arguing that Canada has an inequality crisis requiring large-scale, even unprecedented government intervention to solve. More often than not the issue of inequality and how we measure it is grossly over-simplified. The reality…