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Does Adopting a Stakeholder Model Undermine Corporate Governance?

Does Adopting a Stakeholder Model Undermine Corporate Governance? is the latest essay in the Institute's series on the ESG (environmental, social and governance) movement. It argues that corporate efficiency will suffer if managers depart from a shareholder governance framework and that the wealth created by companies that prioritize profitability, while operating in accordance with a well-defined legal and regulatory system, will better promote society's environmental and social goals than will be the case if companies adopt broad stakeholder governance models.

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ESG Mandates and Managerial Efficiency

ESG Mandates and Managerial Efficiency is a new essay from the Institute’s series on the ESG (environmental, social and governance) movement. Specifically, it addresses the question of whether regulation-imposed ESG mandates affect the principal relationship between shareholders and managers in public companies: are shareholders affected when a company’s management prioritizes ESG considerations over profit-enhancing decisions?

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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.