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…

Ontarians must consider real health-care reform

All three major parties promise massive new spending as the provincial election nears. Better they look to Saskatchewan for ideas

Ontarians must consider real health-care reformBy Jason Clemens and Niels Veldhuis The Fraser Institute Ontarians are less than two weeks away from choosing their next provincial government and polls suggest voters are looking for change, with both the Progressive Conservatives and the New Democrats leading the governing Liberals. Unfortunately, none of the three major party platforms include genuine health-care reform,…

Business confidence in Canada is collapsing

And the reason why is obvious

Business confidence in Canada is collapsingBy Jason Clemens and Niels Veldhuis The Fraser Institute Contrary to the announcement that Ottawa will spend almost $300,000 to discern the reason behind the lack of investment in Canada’s energy sector, there’s actually no great mystery. Kinder Morgan’s recent suspension of non-essential spending on its $7.4-billion Trans Mountain pipeline expansion project is the just…

A flicker of hope in Canada’s gloomy energy climate

B.C.’s proposed tax incentive plan for an LNG facility in Kitimat is a step forward. But more must happen to revitalize Canada's economy

A flicker of hope in Canada’s gloomy energy climateBy Kenneth Green and Niels Veldhuis The Fraser Institute The British Columbia government recently announced it will provide a large tax incentive to promote the building of a natural gas liquefaction and export facility in Kitimat. The announcement is a bright spark in an otherwise gloomy environment for energy transport and export infrastructure. The Kitimat…

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…

Upcoming government budgets must focus on competitiveness

Canadian governments have done nothing to signal to investors, entrepreneurs and businesses that they have a plan to return the country to competitiveness

Upcoming government budgets must focus on competitivenessBy Jason Clemens and Niels Veldhuis The Fraser Institute Canada has become a less appealing place to do business. So as we approach budget season, governments across the country must start paying attention to competitiveness. Higher taxes, new regulations, and uncertainty over access to foreign markets have reduced Canada’s attractiveness to entrepreneurs and businesses. Indeed,…

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…

Too much taxation attacks the foundation of our economy

Leaving more money in the hands of individual Canadians, rather than government, improves economic growth and job creation

Too much taxation attacks the foundation of our economyBy Jason Clemens and Niels Veldhuis The Fraser Institute Most tax and policy debates boil down to one fundamental question: are citizens better off having more of their income, or is the money better off in the hands of the city/province/country? Advocates for larger government argue that people are better off if more of their…

Ontarians should brace for bigger – and costlier – government

Neither the Liberals nor the PCs recognize that it’s in the best interests of the province to reduce the size of government

Ontarians should brace for bigger – and costlier – governmentBy Niels Veldhuis and Jason Clemens The Fraser Institute With the recent release of the Progressive Conservative platform, People’s Guarantee, and the Liberal government’s 2017 Ontario Economic Outlook and Fiscal Review last month, Ontarians have a better sense of what will follow next year’s provincial election – the continuance of big government. The most important…

‘Just spend more’ is not sound fiscal policy

The federal government is digging a perilously deep debt hole that will take Canadian taxpayers years to climb out of

‘Just spend more’ is not sound fiscal policyBy Jason Clemens and Niels Veldhuis The Fraser Institute As we pass the midway mark in the federal government’s mandate, it’s clear that the only guiding principle for fiscal policy is ‘just spend more.’ Spending more, regardless of economic conditions, is not sound policy. It seriously risks the country’s finances and is all too reminiscent…