Pepsi tax a sour deal for Newfoundland and Labrador taxpayers

Government maintains its sugar tax is all about keeping you healthy

Pepsi tax a sour deal for Newfoundland and Labrador taxpayersWhat’s all about sweets, sours your wallet and leaves a bitter taste? It’s Premier Andrew Furey’s proposal for a new Pepsi tax. This tax will increase the price of soft drinks by 20 cents a litre. By this time next year, you’ll be paying 15 per cent more for a two-litre bottle of Pepsi at…

Freeland doubles down despite dismal pre-COVID economic numbers

The government requires a complete 180-degree turn in policy

Freeland doubles down despite dismal pre-COVID economic numbersBy Jason Clemens Milagros Palacios and Niels Veldhuis The Fraser Institute In a recent interview, federal Finance Minister Chrystia Freeland explained the need to focus on economic growth to deal with many of Canada’s fiscal issues, including our high debt levels. Minister Freeland is correct that higher rates of economic growth would solve many of…

We can’t just pour more money into Air Canada

Fed's bailout marks a return to the airline's status as a stratospheric ward of the state

We can’t just pour more money into Air CanadaIn early April, the government of Canada announced it would support Air Canada through the rest of the lockdown-induced decline in air travel, with loans and, in a return to its previous status as a stratospheric ward of the state, $500 million in equity capital. It’s understandable that the government would want some chance of…

With a little willpower, Ford can fix Ontario’s finances

Targeting the education budget and bureaucracy would equal real progress on the deficit

With a little willpower, Ford can fix Ontario’s financesThanks to the reckless policies of former premiers Dalton McGuinty and Kathleen Wynne, when Ontario Premier Doug Ford was elected three years ago the province was well on its way to being driven into a fiscal wall. Ford promised Ontario voters that he would hit the breaks. Unfortunately, it seems like he hasn’t been able…

Ontario teachers’ compensation is the cost elephant in the room

It’s time to bring their sky-high pay down to earth

Ontario teachers’ compensation is the cost elephant in the roomWhile thousands of Ontario teachers are receiving six-figure salaries, a budget crunch at the Ministry of Education means it’s time to bring their sky-high pay down to earth. A report released by the Ontario Financial Accountability Office shows a $200 million funding gap between what the province has budgeted to spend on education and what…

Sugar-coating a sugar tax won’t make it any more palatable

If Newfoundland and Labrador pursues a sugar tax, it’s certainly not to get its people to lead healthier lives. It’s about paying bills

Sugar-coating a sugar tax won’t make it any more palatableIn its recent budget, the Newfoundland and Labrador government announced it will introduce a tax of 20 cents per litre on sugary drinks, starting on April 1, 2022. This a first in Canada. So far we know very little about how the tax would work, which products would be affected and how revenues from the…

Prairie provinces must put an end to rising debt

The current turmoil could weaken budgetary discipline, leading governments into long-term spending and increased debt

Prairie provinces must put an end to rising debtAt the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s stood at $15 billion. These debts are lower than Quebec’s ($220 billion) and Ontario’s ($448.9 billion), but there are concerns about their sustainability. Indeed, they’re a long-term burden for the governments, the taxpayers and the economy. Debt growth…

Canada can manage its debt load by stretching out its loans

Locking in government bonds at current low interest rates, over extremely long terms, can help us manage our debt in challenging times

Canada can manage its debt load by stretching out its loansThe massive debt Canada’s federal government and other governments around the world took on to face the fallout from the COVID-19 pandemic is the elephant in the room. This debt could soon become intolerably hard to service, if interest rates revert to more historic levels or even escalate past those levels. Investors will demand higher…

Trudeau is sticking future generations with his spending bill

Babies born on budget day 2021 had more than $28,000 of debt the moment they opened their eyes

Trudeau is sticking future generations with his spending billBy Franco Terrazzano Canadian Taxpayers Federation and Kris Rondolo Generation Screwed Canadian babies born on federal budget day 2021 had more than $28,000 of debt the moment they opened their eyes. That’s each Canadian’s share of the federal government’s $1-trillion debt. And it’s going up. By the time those little ones blow out their candles…

What pandemic? A tale of two downturns in Toronto

Municipal employee salary hikes during lockdowns a slap in the face to taxpayers

What pandemic? A tale of two downturns in TorontoAs hardworking taxpayers tightened their belts last year to cope with pay cuts and job losses, Toronto’s municipal employees were busy cashing in bigger paycheques with your tax dollars. The City of Toronto currently employs 34,603 workers. Last year, only 104 of them didn’t get a raise. That means over 99.6 per cent of Toronto…