Corporate welfare no way to run a brewery

If a producer needs an injection of tax dollars to survive, that company shouldn’t be in business

Corporate welfare no way to run a breweryHALIFAX, N.S. Oct. 4, 2016/ Troy Media/ – Governments and public servants are lousy at picking market winners and losers. In the case of the beer industry, consumers can get the job done. Corporate welfare isn’t economic development, it just diverts money from successful businesses to less successful but politically favoured ones. When a subsidy dries…

Beer-barrel economics: what goes down stimulates the economy

A cut in beer prices in New Brunswick led to an increase in beer sales to Nova Scotia and Quebec residents

Beer-barrel economics: what goes down stimulates the economyHALIFAX, N.S. Sept. 22, 2016/ Troy Media/ – The lesson of lower beer prices in New Brunswick has implications on a broad array of provincial taxes. Not long ago, many New Brunswick consumers living near Quebec routinely crossed the border to purchase less expensive beer. Prices in Quebec are considerably cheaper because taxes are lower.…

Online shopping tax exemptions penalize Canadian business

Calls to increase the duty exemption limit for online shopping would be a disaster

Online shopping tax exemptions penalize Canadian businessANDREWS, N.B. Aug. 24, 2016/ Troy Media/ – If Ottawa increased the duty exemption limit on foreign online purchases, overtaxed Canadians would benefit immensely. But relieving consumers in this way isn't wise. Retail products are typically less expensive south of the border, sometimes considerably so. Plus, taxes – like sales tax – are higher in Canada and goods shipped here…

New Brunswick HST increase outweighs spending cuts five to one

Raising taxes to pay for more spending isn't working; new jobs aren't being created and subsidies to add workers can't be sustained

New Brunswick HST increase outweighs spending cuts five to oneHALIFAX, N.S. Aug, 16, 2016/ Troy Media/ – New Brunswick Treasury Board Minister Roger Melanson has a tough job as the province's workhorse on tax and spending. But his policies don't create the economic growth the province needs. Melanson was finance minister until early June. His budgets increased taxes on personal and corporate income. More recently, the government hiked…

Tax hike won’t solve New Brunswick’s spending problem

The government raised taxes simply to be able to spend more

Tax hike won’t solve New Brunswick’s spending problemHALIFAX, N.S. July 12, 2016/ Troy Media/ - New Brunswick raised its Harmonized Sales Tax (HST) on Canada Day to 15 per cent, joining slow-growth Nova Scotia and Newfoundland & Labrador with the highest HST rate in Canada. Taxpayers were told the two-point HST increase is needed to control the province’s deficit, which today stands…

New Brunswick out to prove Einstein was right

INSANITY: doing the same thing over and over again and expecting a different result

New Brunswick out to prove Einstein was rightHALIFAX, N.S. July 5, 2016/ Troy Media/ - New Brunswick is in a tough economic position. Taxes are heavy, unemployment is high and people are leaving to find opportunity elsewhere. Unfortunately, the province has embraced policies – a mix of deficit spending, subsidies for hand-picked businesses as well as high taxes on families and businesses…

Bad news keeps piling up for New Brunswick

From punitive tax strategies to moribund job creation to a weak education system, this provincial government seems intent on failure

Bad news keeps piling up for New BrunswickHALIFAX, N.S. June 8, 2016/ Troy Media/ - Are New Brunswick's challenges so overwhelming that the provincial government has given up trying to solve them? Or does the province believe decisions to reverse its grim economic position and troubling social indicators should be kicked down the road? After a recent provincial government announcement to permanently ban…

Don’t blame seniors for Atlantic Canada’s economic difficulties

Instead, it has too few young workers due to a slow economy, caused largetly by government policies

Don’t blame seniors for Atlantic Canada’s economic difficultiesHALIFAX, N.S. May 24, 2016/ Troy Media/ - Ottawa's health-care funding model is failing. That, at least, is what Atlantic Canada's premiers tell anyone willing to listen. They want Ottawa to direct more health dollars to our region because we have an older population and a shrinking workforce. The premiers say we're being shortchanged. Premier Brian…

Why New Brunswick still won’t allow cross-border booze buying

Even in the face of a clear court ruling, the province seems intent on standing in the way of free trade

Why New Brunswick still won’t allow cross-border booze buyingHALIFAX, N.S. May 12, 2016/ Troy Media/ - Heads the province wins, tails you lose. This appears to be the response of the Gallant government to the recent court decision declaring as unconstitutional New Brunswick's longstanding restrictions on bringing alcohol for personal consumption into the province. The government has until the end of the month to…

Atlantic Canada hurt by Liberal reversal of their own EI policies

By making benefits too easy to access, a cycle of unemployment is created that discourages the pursuit of education

Atlantic Canada hurt by Liberal reversal of their own EI policiesHALIFAX, N.S. April 20, 2016/ Troy Media/ - Atlantic Canada’s struggling economy has been dealt another blow by the federal government's decision to make employment insurance (EI) easier to access. Unemployed workers in provinces hit hardest by the energy sector downturn have received the most attention in the EI reforms. Few will argue with extending regular benefits by…