Tax bill an increasing burden for Canadian families

The cost of living was the number one concern for a third of all Canadians surveyed, according to a recent poll. And rising taxes contribute significantly to those costs

Tax bill an increasing burden for Canadian familiesBy Jake Fuss and Finn Poschmann The Fraser Institute A recent CBC News poll reported that the cost of living is one of the biggest issues worrying Canadians today. And yes, while trend inflation has been very low for a decade, it’s ticking up sharply. So although it’s easy to understand why Canadians are anxious…

Trudeau government has failed to produce promised tax relief

By kicking today's debt down the road, the federal government is passing the burden of repayment to young Canadian families

Trudeau government has failed to produce promised tax reliefBy Jake Fuss and Milagros Palacios The Fraser Institute Providing tax relief for Canadian families has been a stated priority for the government of Prime Minister Justin Trudeau since it assumed office. However, despite any rhetoric to the contrary, the tax burden for the average Canadian family has increased over the last four years. And…

Canadian gaming industry surpasses $17 billion in revenue

Supports approximately 182,500 jobs, which translates into $11.9 billion in labour income

Canadian gaming industry surpasses $17 billion in revenueCanadian gaming has become a multibillion-dollar industry directly supporting more than 182,000 jobs across the country, according to a report released on Wednesday by the Canadian Gaming Association. The National Economic Benefits of the Canadian Gaming Industry study said the industry produced $17.1 billion in revenue in 2017. That includes $1 billion in non-gaming revenue…

Big tax revenue from legalized cannabis sales

Federal and provincial government take lower than expected because of bumpy rollout, but significant growth expected in sales and taxes

Big tax revenue from legalized cannabis salesHere’s clear evidence that cannabis is big business. In the first five and a half months following the legalization of cannabis, Canadian governments earned $186 million from excise taxes and general taxes on goods and services directly related to the sale of cannabis, reported Statistics Canada on Wednesday. The federal agency said excise taxes are…

Alberta plays huge role in keeping federal deficit down: report

Even in the depths of recession, the province sent Ottawa $92 billion more than it received between 2014 and 2017: Fraser Institute

Alberta plays huge role in keeping federal deficit down: reportThe federal government’s deficit in 2017 would have reached a staggering $39 billion – instead of the $19 billion recorded – if not for the disproportionate net revenue contributions from Alberta, according to a new study released Thursday by the Fraser Institute. The study, How Albertans Continue to keep Federal Finances Afloat, said that between…

Trudeau government’s reckless spending digging deep hole

Future generations will pay higher taxes to finance today’s debt growth. And what has this record debt brought us?

Trudeau government’s reckless spending digging deep holeBy Jake Fuss and Milagros Palacios The Fraser Institute Throughout its mandate, rather than acting to reduce the federal budget deficit, the Liberal government has made “investments” in the form of more and more spending. Of course, this plan relies on a wave of good fortune – with positive economic growth and higher-than-expected revenues each…

Minimum wage hikes just push up need for government spending

Government intervention becomes necessary when goods and services are made too expensive as a result of wage hikes

Minimum wage hikes just push up need for government spendingMinimum wage hikes by provincial governments across Canada last year were sold as policy intended to make life easier for workers. However, advocates overlooked some of the negative of the policy. Now they’re prescribing yet more government interventions to remedy the problems caused by the wage hike. When the Ontario government hiked the minimum wage…

Trudeau’s deficit spending cripples the country

Mounting debt pushes up interest costs, consuming resources that could be used to fund important public services or provide tax relief

Trudeau’s deficit spending cripples the countryBy Jake Fuss, Finn Poschmann and Milagros Palacios The Fraser Institute The 2019 federal budget, delivered last month, firmly establishes the fiscal legacy of Justin Trudeau. It's not a positive legacy. No Canadian prime minister has spent more money per person (all figures inflation-adjusted) or accumulated more debt per person outside of a world war…

Canadian governments addicted to personal income tax

We need a retooled and simplified tax system that’s suited to a 21st-century economy being reshaped by technology

Canadian governments addicted to personal income taxThe latest federal budget, delivered in March, contains a wealth of information on the activities of the government, as well as the money it raises for its endlessly expanding array of expenditure, regulatory and income support programs. This year, the federal government expects to spend $356 billion in total. Roughly $330 billion is allocated to…