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 PostThe 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 failure will cost Canada Post more than $1 billion by 2020.…

Two fiscal statements, a common debt problem

The federal and Ontario governments need to present deficit-reduction plans with a credible target dates now

Two fiscal statements, a common debt problemThe Ontario and federal governments will release their fall fiscal and economic statements this month. Despite a tendency to compartmentalize these separate events, in reality, there’s only one taxpayer. And when the fiscal debt situations of the provincial and federal government are combined, Ontario taxpayers are right to worry. According to the most recent data,…

Canada needs a bold response to U.S. business tax cuts

Reducing corporate taxes doesn’t distort economic decisions or add complexity to the tax system. It does spur the economy

Canada needs a bold response to U.S. business tax cutsBy Charles Lammam and Brennan Sorge The Fraser Institute According to a recent statement by Finance Minister Bill Morneau, the fall federal budget update will finally outline the government’s response to major business tax changes by the Trump administration in the United States. Unfortunately, Ottawa took a long time to even acknowledge we have a…

Reward working to improve income for the working poor

Help the working poor with targeted benefits like the CWB, not misguided minimum wage hikes

Reward working to improve income for the working poorBy Charles Lammam and Hugh MacIntyre The Fraser Institute Everyone wants to help the working poor. Unfortunately, governments across the country are going about it the wrong way by raising the minimum wage to $15. That misguided move does a bad job of targeting the people we want to help and produces a host of…

Quest for equality must first address poverty, childcare

Too many people are one job loss, one illness, one retirement or one calamity away from disaster. We need income security

Quest for equality must first address poverty, childcareWhen I was an economics student years ago, the last living student of John Maynard Keynes, noted economist Joan Robinson, gave a lecture to a packed hall. During the question period, one smart aleck student asked, “Why should anyone study economics?” After a prolonged pause, her answer was simple, “So you know when economists are…

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…