He's right to criticize Trudeau for borrowing too much money. But he has a credibility problem
Conservative Party Leader Erin O’Toole wants to blast Prime Minister Justin Trudeau over inflation. And the prime minister is certainly vulnerable as rising prices at the gas pump and grocery store illustrate the risks of runaway government spending. But using O’Toole’s policies to fight inflation would be like using gas to put out a fire.…
Emissions going up despite the province having the highest carbon taxes in North America
Carbon taxes are an expensive failure when it comes to reducing emissions Emissions in British Columbia are going up despite the province having the highest carbon taxes in North America. Think you’ve read this before? That’s because this keeps happening. If the definition of insanity is doing the same thing over again while expecting a…
It’s time for Ford to do the job he was sent to Queen’s Park to do
When Ontario Premier Doug Ford was running for office, he promised to deliver tax relief for Ontario families and businesses. “We have a very simple theory,” said Ford during the 2018 provincial election campaign. “Put money back into the taxpayers’ pocket instead of the government’s pocket, because we believe that the taxpayers are a lot…
Carbon border taxes won’t save the climate but they will create trouble for the world economy
Carbon taxes at borders are becoming a popular idea among some countries and regions of the world. It’s an idea destined to damage the global economy. For example, the European Commission, the European Union executive institution, wants environmental tariffs “on imports from countries with less stringent climate-protection rules.” Democrats in the United States Senate proposed…
Much of Alberta's revenues end up in provinces such as Quebec via federal transfers
By Mark Milke and Lennie Kaplan Canadian Energy Centre Nearly 62 per cent of Alberta voters endorsed removing equalization from the Constitution in a recent referendum. Constitutional scholar Ted Morton, a former Alberta finance minister, argues that the province has leverage to force the issue. Others argue that equalization has a weak constitutional status, which…
Raising corporate taxes would hurt firms’ profitability and growth. Employment and wages would suffer
The finance ministers of more than 130 nations and territories have arrived at a tentative agreement to create a tax floor – a minimum corporate tax rate of a proposed 15 per cent. Its proponents, sadly including Canada, claim it will create a "level playing field" and stop a "race to the bottom." Some nations face…
We pass laws for unjust taxes, reward unscrupulous businesses and hold money back from our children
In a 2016 interview, CBC journalist Peter Mansbridge confronted children’s advocate Dr. Cindy Blackstock with this statement regarding public funding for Indigenous programs: “Billions of dollars have been spent in trying to come to grips with the situation that so many Indigenous Canadians face. And of those billions, it’s on the record that some of…
Governments have to stop giving in to populist pressures
Now that the federal election is over, several financial sector experts and economists are turning their attention to the Trudeau government’s promise to raise the corporate income tax rate for banks and insurance companies from 15 per cent to 18 per cent. But while attacking these financial giants can pay off politically, the fact is…
We accept that the world intervenes in any plans for the future but we must still decide who gets our vote
The 2021 federal election is upon us. In Canada, we’re blessed to have fair elections, the results of which are peacefully implemented – so don’t forget to vote. There are many nations where people can’t vote. There are many more where their vote doesn’t matter because tyrants have predetermined the results or will use violence…
NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses
Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy. Federal politicians have been moralizing about the evils of business executives taking bonuses while collecting the pandemic wage subsidy, but their silence on their own party taking the subsidy is deafening. At the…