Raising corporate tax rates will hurt us all

Raising corporate taxes would hurt firms’ profitability and growth. Employment and wages would suffer

Raising corporate tax rates will hurt us allThe 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…

Systemic racism is embedded in our economy

We pass laws for unjust taxes, reward unscrupulous businesses and hold money back from our children

Systemic racism is embedded in our economyIn 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…

Taxing savers is not the solution to Canada’s economic woes

Governments have to stop giving in to populist pressures

Taxing savers is not the solution to Canada’s economic woesNow 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…

Questions you need to ask before you cast your ballot

We accept that the world intervenes in any plans for the future but we must still decide who gets our vote

Questions you need to ask before you cast your ballotThe 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…

Politicians need to practice what they preach and pay back wage subsidy

NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses

Politicians need to practice what they preach and pay back wage subsidyPoliticians 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…

Politicians are long on promises but short on delivery

None of the major parties have a realistic plan to get the nation’s finances in order

Politicians are long on promises but short on deliveryPoliticians have made promises that will cost tens of billions of dollars during this election. But when it comes time to open their wallets to pay the tab, these party leaders are running to hide in the bathroom while taxpayers cover the bill. Politicians and taxpayers both need to understand a simple truth: there is…

CUPE wants its weight in gold – paid for by the taxpayer

Union leaders in New Brunswick demanding nothing less than a 20 per cent raise over the next four years

CUPE wants its weight in gold – paid for by the taxpayerIt seems like nothing short of their weight in gold will satisfy CUPE union leaders in New Brunswick. Over the next four years, CUPE is demanding nothing less than a 20 per cent raise. This would cost New Brunswick taxpayers an extra $158 million per year once fully implemented. It would already be an unrealistic…

Oil and gas taxes play significant role in Canadian social programs

If the sector disappeared, taxes would have to be increased substantially to provide us with the services we have come to expect

Oil and gas taxes play significant role in Canadian social programsBy Mark Milke and Lennie Kaplan Canadian Energy Centre Between 1969 and 2019, Canadian parents received $499 billion in family allowance payments and children’s benefits from the federal government. That 50-year cost was matched by $505 billion in revenues to governments from the oil and gas sector – except that such taxpayer cash was collected…

Ontario gas prices hit seven-year high

Without taxes, the price of gas per litre today would be sitting at 92 cents

Ontario gas prices hit seven-year highHardworking taxpayers are facing record-high gas prices, and politicians are the culprits driving up the bills. In Ontario, up to 38 per cent of the price of gas that we are charged at the pumps comes from taxes, according to a report released by the Canadian Taxpayers Federation. And that percentage is only set to…

How to reduce our emissions without penalizing rural regions

Policies should be fair for all Canadians, regardless of where they happen to live

How to reduce our emissions without penalizing rural regionsBy Miguel Ouellette Olivier Rancourt and Krystle Wittevrongel Montreal Economic Institute Reducing our greenhouse gas emissions is one of the big concerns of our age. The numerous diverging interests pitted against each other on this issue make it a real puzzler for policy-makers, though. After many years of public policies aimed at reducing GHGs, layered…
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