But Ontario’s experience is being ignored and could lead to billions more spent and higher energy costs for Canadians
By Elmira Aliakbari and Jason Clemens The Fraser Institute Gerry Butts, former principal secretary to Prime Minister Justin Trudeau, is at the heart of a new group, the Task Force for a Resilient Recovery, which recently released a series of recommendations for massive investment in green projects. The recommendations seems to be influencing the prime…
Here’s one thing Premier Jason Kenney and Prime Minister Justin Trudeau can agree on: hiking taxes would be a bad idea. “I cannot imagine a dumber thing to do in the midst of a time of economic fragility, an oil price collapse and a global recession than to add a multi-billion dollar tax on the…
The focus on the federal deficit has rightly been on the staggering scope of emergency spending, but there has been much less talk about the other big part of the equation: government revenues have plunged due to the economic shutdown. Indeed, the federal government’s July fiscal snapshot revealed that the government expects a steep drop…
Trudeau isn’t saying no new taxes; he’s saying we should continue to spend today and pay for it with taxes tomorrow
By Tegan Hill and Jake Fuss The Fraser Institute Despite promising significant increases to already historically high spending, Prime Minister Justin Trudeau recently pledged there will be no new taxes. This rhetoric is simply false. To pay for today’s spending, the Liberal government must either tax today or defer tax increases to the future by…
Despite decades of subsidies by Canadian taxpayers, Bombardier Inc. continues to be mired in a financial crisis jeopardizing its future. The latest humiliation came as the company had to sell its train-making division to pay off a substantial amount of debt due this year. Once a proud symbol of Canadian entrepreneurship, it now is the…
If the feds send the larger equalization rebate to Alberta, then it should be made out to the taxpayers who have been paying the bills
Here’s a fundamental point about equalization: the provincial government doesn’t pay for equalization, taxpayers do. Premier Jason Kenney is calling on the feds to increase the equalization rebate to the Alberta government to offset some of the impacts of the downturn. But any equalization rebate should go back to the Albertans who have been paying…
A government deficit is sometimes necessary but we need plans in place to eliminate it and reduce the debt
Deficits have become emotive hot buttons. A deficit arises when governments spend more than their income, which consists mainly of taxes. If the deficiency is not immediately covered, current deficits turn into long-term government debt. No one seems to be neutral about deficits and the resulting debt. Traditional economists argue against them, saying that spending…
Higher corporate income tax doesn’t just impose costs on people who own corporations, but also people who work for them
The Alberta government recently announced plans to help encourage economic recovery and growth in the province, including a plan to accelerate corporate income tax reductions that were already in the works. The corporate tax rate will drop from 10 per cent to eight per cent immediately instead of gradually over the next two years. Critics…
Alberta’s economy won’t start to fire on all cylinders unless municipal councillors are willing to start playing ball and cut taxes. A key pillar of the province’s economic recovery plan is the reduction of the business tax to eight per cent. Premier Jason Kenney has also made it clear that raising taxes right now would…
Tying income tax relief with savings from bringing government compensation in line with costs in other provinces will help put Alberta back on its feet
For Alberta to get back on its feet, it’ll take thousands of little things like families going out for pizza and restaurants rehiring servers to bring out those pizzas. The best thing Alberta Premier Jason Kenney can do to help those families do those little things is to lighten their tax burdens. And the premier…
By Elmira Aliakbari and Jason Clemens The Fraser Institute Gerry Butts, former principal secretary to Prime Minister Justin Trudeau, is at the heart of a new group, the Task Force for a Resilient Recovery, which recently released a series of recommendations for massive investment in green projects. The recommendations seems to be influencing the prime…
