Trudeau government’s reckless spending digging deep hole

Future generations will pay higher taxes to finance today’s debt growth. And what has this record debt brought us?

Trudeau government’s reckless spending digging deep holeBy Jake Fuss and Milagros Palacios The Fraser Institute Throughout its mandate, rather than acting to reduce the federal budget deficit, the Liberal government has made “investments” in the form of more and more spending. Of course, this plan relies on a wave of good fortune – with positive economic growth and higher-than-expected revenues each…

Budget deficits can increase social inequality

The burden of the debt financing falls on the whole population, and low-income Canadians can least afford to contribute

Budget deficits can increase social inequalityThere’s been much talk about the federal government’s attempts to enact redistributive policies to reduce income inequality in Canada. But the way these measures are funded could increase inequality. One think-tank in Quebec surveyed a panel of 70 policy experts who noted that the latest federal budget would, on the whole, reduce inequality. I contributed…

Canadian governments addicted to personal income tax

We need a retooled and simplified tax system that’s suited to a 21st-century economy being reshaped by technology

Canadian governments addicted to personal income taxThe latest federal budget, delivered in March, contains a wealth of information on the activities of the government, as well as the money it raises for its endlessly expanding array of expenditure, regulatory and income support programs. This year, the federal government expects to spend $356 billion in total. Roughly $330 billion is allocated to…

Federal budget full of puzzling contradictions

With one hand, the government gives. With the other hand, it takes away benefits to taxpayers

Federal budget full of puzzling contradictionsBy Jason Clemens and Jake Fuss The Fraser Institute Commentators have noted the thrown-together nature of the 2019 federal budget released last week. There seem to be several ill-considered initiatives and some parts of the budget openly contradict other government programs and reforms. One of the more prominent contradictions relates to housing policy. In 2016,…

Liberal budget sells the farm along with quotas

From supply management to food strategy to rural Internet to food processing to export targets, the government got it all wrong

Liberal budget sells the farm along with quotasMost people expected an electoral budget from the federal government this week and that’s exactly what Canadians got. But for the agri-food sector, the budget was underwhelming at best and provided little hope for the near future. Let’s start with supply management. The Liberal government opted to do exactly what the previous Conservative government did…

National pharmacare can hurt patients more than it helps

Will likely result in reduced access to new drugs, and delay research and development

National pharmacare can hurt patients more than it helpsThe federal government’s pharmacare advisory council released a report last week outlining the “foundational” elements of a national plan. And Tuesday’s federal budget may include more details. Unfortunately, there’s a lot of misinformation and misunderstanding regarding core aspects of the pharmacare debate. Given that proponents in Canada often cite government-funded pharmacare programs in the United…

This budget season, Canada must lower taxes on entrepreneurs

Canada is at a huge disadvantage for attracting and retaining those we rely on for innovation, employment growth and prosperity

This budget season, Canada must lower taxes on entrepreneursBy Jake Fuss and Milagros Palacios The Fraser Institute Over the last few years, the federal government and many provincial counterparts have weakened incentives for entrepreneurs by raising personal income taxes. This budget season provides an opportunity to reverse this trend and introduce tax policies to attract, encourage and retain entrepreneurs. The process should start…

“Inevitable” recession will seriously derail federal finances

The government must apply the brakes on spending in the spring budget and focus on deficit reduction

“Inevitable” recession will seriously derail federal financesBy Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence – the ability of the government to balance its budget and manage the finances of the country responsibly – is an increasing concern for Canadians. According to a recent Nanos poll, a majority of Canadians favour balancing the federal budget more than…

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…

The case for privatizing Canada Post

Proceeds from the sale of Canada Post can be used to offset projected federal budget deficits

The case for privatizing Canada PostBy Ian Madsen and Anderson Agbugba Frontier Centre for Public Policy The digital revolution has altered Canada Post Corp.’s bottom line. The shift toward e-mail has resulted in a decline in mail volumes. Parcel volumes, however, are increasing owing to fast growing e-commerce. Canada Post is struggling to keep up with these changes and this…