Has Saskatchewan Government Insurance outlived its purpose?

A private insurance corporation would be better suited to take on any risk, instead of leaving taxpayers to bear losses

Has Saskatchewan Government Insurance outlived its purpose?Many Crown corporations created long ago are showing signs that they’re no longer appropriate for life in evolving competitive markets. Saskatchewan Government Insurance (SGI) may be one that’s outlived its purpose of providing vehicle insurance to Saskatchewan drivers. SGI is the monopoly owned by the government of Saskatchewan. SGI Auto Fund has provided motor vehicle…

Death and taxes: the fundamental unfairness of taxing estates

We already have too many taxes in Canada. And they tend to be unfair, inefficient and oppressive. We don't need another

Death and taxes: the fundamental unfairness of taxing estatesA long-dead and largely unlamented tax has recently been rediscovered and embraced by certain people: the death tax, or estate tax. But inheritance taxes were abolished in Canada in 1971 by the Liberal government when a capital gains tax was introduced. In Canada, estates are already taxed on the difference between the market value of…

Deliver Canada Post from its old-fashioned business model

To maximize the value, viability and utility of the post office, it should be permitted free rein. That may mean selling it

Deliver Canada Post from its old-fashioned business modelOne new CEO opening will top most stress-filled leadership positions: Canada’s chief mail delivery officer. There are many iconic symbols of Canada but – if it ever was one – Canada Post certainly has long ceded that status. The Crown corporation predates Confederation but hasn’t endeared itself to anybody for generations. Although the Canada Post…

LNG Canada a win for consumers, workers, business, environment

Canada has been late to fully capitalize on the potential, based on high export prices and the desperate demand for clean fuel

LNG Canada a win for consumers, workers, business, environmentCanada’s planned liquefied natural gas export project is a huge boost for the economy and the environment. The consortium of large multinational firms (Shell, PetroChina, Petronas of Malaysia, Korea Gas, Mitsubishi) that owns part of the LNG Canada project to be built on the northwest coast of British Columbia recently announced that contracts have been…

Unlimited cheap natural gas is a win for everyone

Even climate extremists should embrace natural gas, since it’s slowly replacing coal and oil, and cutting carbon emissions

Unlimited cheap natural gas is a win for everyoneThe shale revolution, technology unleashing vast new oil and natural gas production, is delivering lower energy costs to countries, industries and consumers. Without revolutionary hydraulic fracturing (fracking) and horizontal drilling, Canadians’ heating bills would be twice what they are now. Gasoline prices – soaring now due it is half as deleterious as oil. And if…

EDC’s lack of cash threatens taxpayers

The Crown corporation could be worth up to $30 billion if divested. But it could be worthless if it can’t realize its assets as cash

EDC’s lack of cash threatens taxpayersBy Ian Madsen and Alexandra Burnett Frontier Centre for Public Policy Export Development Canada (EDC) is unable to convert its reported profits into cash, posing an increasing risk to Canadian taxpayers. And it has been funding ventures that are normally considered too risky for commercial banks to handle. EDC is a federal Crown corporation that…

Notice a drop in your standard of living? Blame pipeline delays

Opening up new oil markets will increase investment, drive up the economy and boost the loonie and our standard of living

Notice a drop in your standard of living? Blame pipeline delaysCanada’s standard of living is suffering because of the seemingly perpetual pipeline controversy and related delays. It’s not merely the delay in construction that’s causing problems. It’s also delays in expanding our oil exports to the world and being ambivalent to foreign investment.  Canada’s problem results, in part, from the damaging effects to the Canadian…

Marx was wrong: communism did not lead to a better society

The stronger the application of communist ideologies and practices, the worse the outcomes

Marx was wrong: communism did not lead to a better societyMany in the world were sadly compelled recently to commemorate the 200th anniversary of the birth of Karl Marx. He was indeed a major figure in shaping history but definitely not for the good. Marx, along with his patron, Friedrich Engels, created the political-economic philosophy (perhaps a religion) commonly called communism. Its essential tenet is…

Canadians pay the price for unnecessary Crown corporations

With more than $1 trillion locked in underperforming assets, Crown ownership is a hugely important issue for public policy debate

Canadians pay the price for unnecessary Crown corporationsThere has long been a public policy battle over government’s role in running enterprises. Strangely, that battle was not settled in the 1980s and ’90s when many state-owned firms were ‘privatized,’ since Canadian governments still own many Crown corporations. Air Canada, Canadian National Railway, Petro-Canada (now part of Suncor), PotashCorp of Saskatchewan (now part of…

Federal government should sell EDC before risks get too high

The Crown lender plays in an international vipers’ nest, so controversy and risk may be inevitable

Federal government should sell EDC before risks get too highExport Development Canada (EDC), a Crown lending corporation, faces controversy for funding Turquoise Hill Resources. The mining firm allegedly used offshore entities to minimize the taxes it pays, including to Canada. EDC’s $1-billion-plus loan to Turquoise Hill represents nearly 1.5 per cent of the lender’s assets. EDC is also trying to repossess a Bombardier executive…