Federal tax hikes would do more harm than good

Our high income tax rates discourage productive economic activity and put Canada at a competitive disadvantage

Federal tax hikes would do more harm than goodBy Jake Fuss and Tegan Hill The Fraser Institute On July 8, the government of Prime Minister Justin Trudeau will release a “snapshot” of federal finances, the first such update since the COVID-19 crisis began. The government may also soon look to raise taxes to try to increase government revenue, either to finance new spending…

Alberta municipal gov’t labour costs out of touch with reality

Alberta municipal gov’t labour costs out of touch with realityStruggling families and businesses can’t afford to pay big property tax bills to fund bloated municipal governments. Alberta municipalities need to reduce that burden by addressing the cost elephant in the room: labour. For many Albertans working outside of government, the last five years have been nothing short of a nightmare full of job losses,…

Albertans need municipal governments to stop overspending

Families and businesses have been tightening their belts for years. It’s time for Alberta’s municipal governments to get with the program

Albertans need municipal governments to stop overspendingAlberta families and businesses have been tightening their belts for years and now it’s time for big spending municipal governments to follow that example. There’s lots of room for Alberta municipalities to save a lot of money. “Municipalities have experienced significant revenue growth of 48 per cent per person [between 2007 and 2017],” explained the…

Toronto has more important priorities right now than a $3.8-billion park

Toronto has more important priorities right now than a $3.8-billion parkToronto Mayor John Tory announced he’d have to make “terrible and devastating” cuts if the federal and provincial governments didn’t pony up cash to help the city fill its $1.5-billion budgetary void left in the wake of COVID-19. Astonishingly, after begging for money, the mayor’s pet project, Rail Deck Park, is still going ahead. Tory’s mega-park scheme is…

Ontario should cut government jobs to end cycle of debt

The Ontario government must take decisive action to get the budget under control when the COVID-19 crisis has passed

Ontario should cut government jobs to end cycle of debtOntario is the most indebted sub-sovereign borrower in the world. Interim financial results for the 2019-20 fiscal year show that the Ontario government ran a $9.2-billion deficit. According to estimates from economists, the deficit is likely to more than triple, largely as a result of the COVID-19 pandemic and economic lockdown, to around $29.3 billion…

Nova Scotia government faces debt tidal wave

Rising government debt can dampen economic growth and divert billions of dollars away from important public priorities

Nova Scotia government faces debt tidal waveBy Jake Fuss and Alex Whalen The Fraser Institute Just three months ago, provincial Finance Minister Karen Casey released a budget projecting an operating surplus, which would have been the Nova Scotia’s fifth consecutive balanced budget. However, due to COVID-19, circumstances have changed dramatically and the province now expects to run a large deficit this…

Manage provincial debt by controlling Crown projects

In Newfoundland and several other provinces, major power projects have created huge public debt

Manage provincial debt by controlling Crown projectsThe province of Newfoundland and Labrador is staring bankruptcy in the eye, according to recent news reports. There are a variety of reasons, which are typical for provincial politics. Politicians hate to cut services, love to cut taxes and hate to increase taxes because voters react to all of those things. Politicians aren’t leaders, they’re…

Canada’s debt is piling up again

Our ability to deal with the economic effects of COVID-19 is really a fiscal dividend from the actions of earlier governments

Canada’s debt is piling up againCanada was born in debt and continues to cycle back into deficit spending. According to the Parliamentary Budget Office, the 2020-21 fiscal year may see a federal deficit of over $250 billion. This follows deficits of $14 billion for 2018-19 and nearly $27 billion in 2019-20, based on the federal fall 2019 update. Given a…
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