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…

Federal spending dangerously near record Canadian levels

Increasing the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases

By Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence is a key aspect of any prime minister’s legacy. The choice to increase the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases. Unfortunately, the federal government under Prime Minister Justin Trudeau has ignored these…

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…

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…

Runaway trains of deficits and demographics put economy in peril

Growing federal deficits, aging population put extraordinary pressure on Canada’s growth potential

Runaway trains of deficits and demographics put economy in perilBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Two fiscal freight trains are hurtling towards the finances of the federal government, threatening the country’s economic well-being and thus the economic prospects of average Canadians. One of these freight trains – deficits – was purposeful. The other – demographics – has been known…

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…

B.C. must rein in public sector wages and benefits

Bringing government employee wages and benefits in line with private-sector norms is key to balancing B.C.’s budget

B.C. must rein in public sector wages and benefitsBy Charles Lammam, Hugh MacIntyre and Milagros Palacios The Fraser Institute During last year’s election campaign and in his first full budget as premier, John Horgan promised to balance British Columbia’s operating budget. If his NDP government remains committed to this promise, the coming negotiations on compensation with 183 public-sector unions will be critically important. After…

Clear and present danger to Canada’s prosperity

Tax and regulatory increases impair the willingness to invest in Canada. And that strikes at the heart of our economic health

Clear and present danger to Canada’s prosperityBy Jason Clemens, Milagros Palacios and Niels Veldhuis The Fraser Institute The idiom “the straw that broke the camel’s back” describes a minor or routine action that causes a large and sudden reaction because of the cumulative effects of many other small actions. This might well describe the state of business investment and entrepreneurship in…

Turning investors – and prosperity – away at the door

The federal government's disinterest in private-sector investment and entrepreneurship is devastating for Canada's economy

Turning investors – and prosperity – away at the doorBy Jason Clemens and Milagros Palacios The Fraser Institute Confidence in Canada as a destination for business spending is in steep decline. Given the importance of business investment and entrepreneurship to prosperity, the federal government should be concerned. But by all accounts, they're not. The latest evidence of government disinterest comes in the form of last month’s…

Ballooning federal deficit will only worsen if economy sours

Based on historic trends, Canada is due for an economic slowdown. This means the government needs to move toward a balanced budget now

Ballooning federal deficit will only worsen if economy soursBy Jason Clemens, Milagros Palacios and Niels Veldhuis The Fraser Institute An end-of-year poll by the Angus Reid Institute showed increased concern among Canadians about government spending and deficits. It's a well-founded concern. Government spending and the economy share top spot as the chief issues of concern. Notably, federal finances remain in the red despite…