Federal deficit-spending plans put burden on taxpayers

As more resources go towards paying debt interest, the gap between what we pay in taxes and what we receive in services widens

Federal deficit-spending plans put burden on taxpayersBy Tegan Hill and Milagros Palacios The Fraser Institute Federal Finance Minister Bill Morneau recently confirmed that, should a recession occur, Ottawa will turn on the spending taps using borrowed money. This government’s lack of fiscal discipline coupled with a willingness – if not outright enthusiasm – for even more deficit spending could imperil federal…

Trudeau tax relief plan will do little for economic growth

Trudeau tax relief plan will do little for economic growthBy Jake Fuss and Finn Poschmann The Fraser Institute According to a Parliamentary Budget Officer (PBO) report released this week, the federal government’s plan to increase the basic personal income tax deduction will cost nearly $7 billion annually when fully implemented. This is not only higher than what the Liberals anticipated during last fall’s election…

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 finances on a razor’s edge

The federal government can’t continue to ignore the warning signs of a slowing economy. It should limit discretionary spending now

Federal finances on a razor’s edgeBy Tegan Hill and Jake Fuss The Fraser Institute The recently-released Economic and Fiscal Update demonstrates the federal government’s proclivity for marked increases in deficit-financed spending despite warning signs of a slowing economy. New borrowing and a larger deficit increase the risk to federal finances should a recession occur. The federal update pegs the deficit…

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…

No pipeline to energy sector investment

Trudeau government nationalizing Trans Mountain pipeline project is further proof that Canada is closed for business

By Elmira Aliakbari and Ashley Stedman The Fraser Institute In a stunning turn in an already unprecedented saga, Finance Minister Bill Morneau announced last week that the federal government will buy the Trans Mountain pipeline expansion project from Kinder Morgan for $4.5 billion, essentially nationalizing the project. The agreement, which federal Natural Resources Minister Jim…

Trans Mountain pipeline will benefit Canada – at a very high price

Nationalizing the project is far from ideal. It’s an admission that Canada’s regulatory approval process is profoundly broken

Trans Mountain pipeline will benefit Canada – at a very high priceLast week, Finance Minister Bill Morneau announced that the federal government will buy the Trans Mountain pipeline expansion project for $4.5 billion. The government plans to construct the pipeline through a Crown corporation, with an expectation of selling it or otherwise transferring ownership in the future. The project will nearly triple the capacity to move…

Canada must escape the corporate welfare trap

We need to scrap corporate welfare in order to restore Canada’s business tax advantage over the U.S.

Canada must escape the corporate welfare trapIt’s been more than two months since federal Finance Minister Bill Morneau said he would study Canada’s crumbling business tax advantage – while cautioning against any “impulsive” measures in response to tax changes south of the border that overnight wiped away a decade-plus business tax advantage over the United States. Yet, despite a chorus of…

Federal budget turned a blind eye to Canada’s economic challenges

Federal Finance Minister Bill Morneau’s budget fails to address sluggish economic growth and declining business investment

Federal budget turned a blind eye to Canada’s economic challengesBy Charles Lammam and Hugh MacIntyre The Fraser Institute Finance Minister Bill Morneau’s 2018 federal budget does nothing to address serious concerns over Canada’s economic prospects or the challenges emerging from the United States. In some respects, the budget makes matters worse by continuing the government’s self-destructive policies of chronic deficit-financed spending and new taxes…

Finance minister former chair of CD Howe Institute

The research and ideas Morneau was exposed to during his time at the CD Howe Institute should help shape government policy

Finance minister former chair of CD Howe InstituteDownload this column on Canada's finance minister Terms and Conditions of use By Ben Eisen and Jason Clemens The Fraser Institute VANCOUVER, B.C. Nov 21, 2015/ Troy Media/ - In the coming months, finance minister Bill Morneau, the former chair of the C.D. Howe Institute, will be tasked with one of the government’s most important…