Inflation eating away at our Thanksgiving Day dinner

Some families are struggling due to sticker shock at the grocery store

Inflation eating away at our Thanksgiving Day dinnerThanksgiving is this weekend. With the price of food these days, we’re all wondering how most of us will cope. In partnership with Angus Reid, Dalhousie University’s Agri-Food Analytics Lab investigated what Canadian consumers plan to do with their menu over the weekend. In total, 1,503 Canadians were consulted on September 30, 2022, for this…

Trudeau shouldn’t be raising payroll taxes

The total payroll tax bill for each middle-class worker increased by $818 this year alone

Trudeau shouldn’t be raising payroll taxesPolitical pundits are twisting themselves into pretzels arguing mandatory Canada Pension Plan and Employment Insurance payments are not a tax. They’re missing the point: the government is taking too much money from Canadians. If you make $65,000 this year, then the federal government is taking nearly $4,500 directly from your pay through CPP and EI…

Ford needs to make his gas tax cut permanent

Hardworking Ontario families need all the help they can get

Ford needs to make his gas tax cut permanentIf Ontario Premier Doug Ford doesn’t want to be the grinch who stole Christmas, he’ll start working on a plan to make Ontario’s temporary gas tax cut permanent. Ontario drivers are now at the midpoint of the Ford government’s temporary gas tax relief period. Beginning on July 1, the province reduced its gas excise tax…

Canadians getting desperate about higher food prices

Almost 24 per cent now cutting back on food purchases, almost 70 per cent of whom are women

Canadians getting desperate about higher food pricesWhile inflation is showing signs of dissipating, food inflation appears to be on a totally different path. Food inflation has outpaced our general inflation rate for over 12 months now. Statistics Canada just announced that the food inflation rate for retail was 10.8 per cent and 7.4 per cent in food service. Canada ranks third…

How to deal with the high cost of housing and energy

Both sectors face inflationary pressures but are being dealt with very differently

How to deal with the high cost of housing and energyAs anyone who has ever spent time in the kitchen knows, when a pot is boiling over, you do not put a lid on it. You lower the heat. Adding a cover does nothing to reduce the cause of all the excess bubbles and steam. In fact, increasing the pressure within the vessel generates an…

The Trudeau government is making your life even harder

Increases to the Marginal Effective Tax Rate taking even more of your hard-earned money

The Trudeau government is making your life even harderNew Conservative leader Pierre Poilievre is correct when he says governments discourage work with taxes and clawbacks. The Marginal Effective Tax Rate (METR) measures what government takes from each new dollar earned in taxes and clawbacks of income-related government benefits. In his leadership acceptance speech and an August 19 video called “Make work pay,” Poilievre…

‘Making the rich pay’ doesn’t pay

Ottawa does not fully understand the consequences of its policy

‘Making the rich pay’ doesn’t payBy Nathalie Elgrably-Levy and Valentin Petkantchin The federal government’s new luxury goods tax, which took effect on September 1, targets luxury cars, private jets and yachts. Without originality, it is part of the traditional logic of taxation which aims to “make the rich pay.” However, we often forget the economic, indirect and longer-term effects, which…

To fight inflation, we have to measure it better

The method StatsCan uses to measure inflation bears no relationship to the reality Canadians face

To fight inflation, we have to measure it betterBy Nathalie Elgrably-Lévy and Valentin Petkantchin For several months now, rising prices have dominated public consciousness and raised anxiety in most households. Not for decades has Statistics Canada’s monthly inflation rate indicator been awaited with such rapt attention. This indicator is much like a thermometer monitoring a patient’s fever while under observation. Related Stories Food…

Alberta needs a provincial sales tax like it needs a hole in the head

Alberta is the only province with no PST, saving its people billions of dollars per year

Alberta needs a provincial sales tax like it needs a hole in the headHere's the good news: the majority of United Conservative Party leadership candidates have pledged not to impose a Provincial Sales Tax (PST) or raise taxes on Albertans. Six UCP leadership candidates signed the Canadian Taxpayers Federation Pledge, which reads: "I will never impose a Provincial Sales Tax and I will not raise taxes." All of…

Ottawa depending on economic blue skies to balance the budget

It’s time for Ottawa politicians to take deficits seriously again

Ottawa depending on economic blue skies to balance the budgetThere’s finally some good news for taxpayers: Instead of balancing the budget in 2070, the Parliamentary Budget Officer’s numbers now show Canadians can look forward to a balanced budget in only … wait for it … 20 years. Last year the Canadians Taxpayers Federation used PBO data to show the feds wouldn’t balance the budget…
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