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No Sign of Significant Debt Reduction or Tax Relief in Ford’s Spring 2023 Budget – It’s All Spend, Spend, Spend!

No Sign of Significant Debt Reduction or Tax Relief in Ford’s Spring 2023 Budget—It’s All Spend, Spend, Spend! is a new study that details what the current Ontario government could have achieved in terms of lower taxes, surpluses and debt relief if it had maintained the spending levels of the previous Wynne government. Instead, the current government has increased spending by $9.5 billion above the average (inflation adjusted) annual spending of its predecessor, and is forecasting a $1.3 billion deficit this year.

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Fiscal Waste During the Pandemic in Canada and the United States

Fiscal Waste During the Pandemic in Canada and the United States is a new essay in the Fraser Institute’s series on the COVID-19 pandemic. It finds that the total cost of the Ottawa’s wasteful COVID spending—money that was poorly targeted or sent to ineligible recipients—will eclipse $110 billion by 2032/33, partly as a result of higher debt interest costs. In the United States, the total cost of wasted COVID spending will exceed $1.5 trillion over the next ten years.

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Models or Measures of Climate Change: Why Does It Matter?

Models or Measures of Climate Change: Why Does It Matter? is a new study that finds predictive climate models, in which speculative scenarios of future social and economic trends are used to estimate future greenhouse-gas emissions, over-estimate both atmospheric warming and greenhouse gas emissions.

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This year, Tax Freedom Day is Monday, June 19. If you had to pay all your federal, provincial and municipal taxes up front, you would give government every dollar you earned from January 1st to Tax Freedom Day, when Canadians finally start working for themselves. In 2023, the average Canadian family (with two or more people) will pay 46.1 per cent of its annual income in taxes, including income taxes, payroll taxes, health taxes, sales taxes, property taxes, fuel taxes, carbon taxes and more.

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The Road to Socialism and Back: An Economic History of Poland, 1939–2019

The Road to Socialism and Back: An Economic History of Poland, 1939–2019, part of a multimedia project (which includes an interactive website), finds that according to many key metrics including incomes and life expectancy, life in Poland improved dramatically after the country transitioned from socialism to a market democracy.

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Analysis of Changes in Median Employment Income in Canada’s Census Metropolitan Areas, 2008–2019

Analysis of Changes in Median Employment Income in Canada’s Census Metropolitan Areas, 2008-2019 is a new study that ranks Canada's 41 major cities by their rate of growth in median employment income, using data from 2008 to 2019. The median employment income growth, in inflation adjusted dollars, for all of Canada was 5.4 percent.