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…

How Canada can tax carbon efficiently

Carbon tax should replace other, less efficient policies with the same objective and be offset by cuts in other taxes

How Canada can tax carbon efficientlyEconomists generally agree that imposing a price on greenhouse gas (GHG) emissions is the most efficient way to reduce them while minimizing the drawbacks associated with intervention. The devil, however, is in the details. And when you look at the details, the carbon pricing systems the federal and provincial governments of Canada have put in…

Without new investment, Canada’s economy will stagnate

That means we need corporate tax reductions and we must ease the regulatory path for businesses

Without new investment, Canada’s economy will stagnateThere has been a lot of concern over the slow increase in living standards of the average Canadian over the past few decades. In the long run, economists say that the key to increasing real – corrected for inflation – wages is to increase productivity of those in the labour force. How to actually do…

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…

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…

Deeply flawed soda tax rife with unintended consequences

Evidence in other countries shows that consumption taxes don't address the root targets in meaningful ways

Deeply flawed soda tax rife with unintended consequencesBy Ashley Stedman and Jake Fuss The Fraser Institute Policy-makers and pundits have mused recently about a tax on sugar-sweetened beverages to fight obesity and other-health related issues in Canada. It’s a bad idea that should be abandoned. According to Mark Holland, Liberal MP for Ajax, Ont., a ‘soda tax’ will “push consumers away from…

CFIB puts federal election issues on the table

‘Governments haven't always done a great job of understanding the reality of running a small business’

CFIB puts federal election issues on the tableThe Canadian Federation of Independent Business released its Federal Small Business Platform on Wednesday, outlining issues that matter to the group as the nation heads to a federal election in October. “Small businesses employ more than half of Canada's private sector workers and account for 52 per cent of the business-sector GDP,” said CFIB president…

The sad state of Canada’s economy can be remedied

Lower tax rates, with more capital investment, are crucial to increasing productivity, wages and living standards – and boosting the loonie

The sad state of Canada’s economy can be remediedCanadians’ standard of living isn’t growing as quickly as per capita gross domestic product (GDP). The reason: our dollar has been declining against the currency of our biggest trading partner, the United States. While some of that is because the U.S. dollar has risen against most currencies around the world, a lot of it is…

How to save Newfoundlanders from Muskrat Falls disaster

The hydroelectric project mess in Newfoundland and Labrador requires some hard choices. But taxpayers deserve and need some relief

How to save Newfoundlanders from Muskrat Falls disasterThe citizens and taxpayers of Newfoundland and Labrador received important news late in 2018: an autopsy of the horrific financial debacle at Churchill Falls and the beginning of an inquiry into the questionable new Muskrat Falls hydroelectric project. The long legal battle has ended over the Joey Smallwood era’s unprofitable Churchill Falls contract, which the…

Alberta’s new government should cut energy sector taxes, rules

UCP promised to regain a competitive advantage, making the province attractive again for investors, entrepreneurs and businesses

Alberta’s new government should cut energy sector taxes, rulesBy Ashley Stedman and Elmira Aliakbari The Fraser Institute Albertans opted for change in last month’s provincial election. Now it’s time for the new government to do what it was elected to do: improve the economy. The United Conservative Party promised during the campaign to regain a competitive advantage over other jurisdictions and make the…
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