Federal carbon tax a cash grab that could damage the economy

Carbon taxes largely function as energy taxes to generate a new source of revenues for cash-hungry governments

Federal carbon tax a cash grab that could damage the economyAccording to a report in the Globe and Mail, Finance Canada is quietly promoting the idea of a federal carbon tax, or at least, a minimum carbon price, in order to reduce greenhouse gas emissions as Canada has pledged to do in last December’s Paris Agreement. The problem is, Canada’s track record at implanting economically…

Tax burden for the average Alberta family set to grow

Albertans currently work 137 days of the year to fund government before pocketing a single dollar for themselves

Tax burden for the average Alberta family set to growBy Steve Lafleur Ben Eisen and Charles Lammam The Fraser Institute Alberta is typically thought of as a low-tax jurisdiction in Canada. That’s largely true. However, Alberta’s tax advantage will likely shrink in the future with a recent onslaught of tax increases – some already implemented, some soon to come. But even today, the tax…

June 7 was Tax Freedom Day in Canada

But there was little reason to celebrate

By Charles Lammam and Milagros Palacios The Fraser Institute Hey Canada, June 7 was Tax Freedom Day. That means if you paid your taxes up front, you’d give government every dollar you earned before Tax Freedom Day. From that day onward, you’re finally working for yourself and your family. If it sounds like you’re paying…

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 BrunswickAre 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 shale gas development and another to appeal…

Alberta’s carbon tax a $10 billion green grab

Alberta's new climate plan is a $6 billion tax grab that will be used to fund a giant green energy spending spree over five years

Alberta’s carbon tax a $10 billion green grabIf anyone thought that Alberta’s climate action plan was actually about protecting the climate, Bill 20, recently introduced by Alberta’s environment minister, should lay that idea to rest. As the Globe and Mail reported, the budget tabled by the Alberta government in April forecast revenues from the carbon levy of $9.8 billion over five years.…

A tax on sugar-sweetened beverages not the answer to obesity

To tackle obesity in Canada, we need strategies that offer health education and support, not another tax on the poor

A tax on sugar-sweetened beverages not the answer to obesityA 'pop tax' is hardly a simple solution to the rising problem of obesity in Canada, despite the chorus of support. A recent Senate report on obesity in Canada recommends a tax on sugar-sweetened beverages be examined and points to tobacco product taxes as a successful example worth imitating. But have taxes on tobacco products been as…

Federal deficits could hit nearly $200 billion over next 5 years

The Trudeau government believes significant increases in government spending drives economic growth

Federal deficits could hit nearly $200 billion over next 5 yearsBy Niels Veldhuis and Charles Lammam The Fraser Institute As the saying goes, a moving target is hard to hit. That is why repeated shifts in the federal government’s deficit and debt goals over the past six months have been of so much concern. What started as a promise to balance the budget within four…

Liberals have opportunity to simplify Canada’s tax system

Eliminating a large number of ineffective tax expenditures could dramatically reduce personal income tax rates for Canadian

Liberals have opportunity to simplify Canada’s tax systemThe federal Liberals should be applauded for recognizing that Canada’s tax code has become increasingly complex – something Canadians understand well after having just filed their income tax returns. In response to growing tax complexity, the government’s recent budget said it will “undertake a review of the tax system to determine whether it works well…

Alberta budget confirms ‘revenue recycling’ code for tax and spend

Any conceivable tax increase is revenue recycling if the money is used to fund anything the government deems an “investment” in Albertans

Alberta budget confirms ‘revenue recycling’ code for tax and spendBy Ben Eisen and Kenneth P. Green The Fraser Institute Last autumn, Alberta Premier Rachel Notley claimed that her government’s proposed carbon tax plan would be revenue neutral. This claim was widely discredited by economists who noted that the term “revenue neutral” means that every dollar collected by a new tax must be returned to the…

Release of Panama Papers a clear warning to the elites

What was a perfectly legal tax strategy could soon position the elites as tax dodging enemies of the people

Release of Panama Papers a clear warning to the elitesIf you’ve been lost in a forest or stuck on a uninhabited island, you could be unaware of the Panama Papers, a set of explosive documents hacked from Panamanian legal firm Mossack Fonseca. The documents include details of 214,000 companies legally domiciled in Panama but owned by offshore entities. While there’s nothing illegal about these…
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