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Provincial finances in trouble—spotlight Central Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...
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Provincial finances in trouble—spotlight Atlantic Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...
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The high cost of getting climate policy wrong
The Internet is abuzz over a recent report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy. Specifically, the report shows that the carbon price ...
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Ontario budget ignores past promises, offers no plan to enhance economic competitiveness
Predictably, many of the headlines on Ontario’s 2018 budget, released today, focus on Premier Kathleen Wynne’s so-called “free” child care plan and other big-spending items. It is, after all, a big-spending budget. But crucially, the ...
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Trudeau government 0-for-3 for budgets that improve fundamentals for growing the economy
With the Trudeau government tabling its third budget, the script has become familiar. Each budget the government loudly proclaims platitudes about growing the economy and helping the middle class. In reality, there’s no magic lever to ...
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Workers will ultimately pay part of B.C.’s new employer health tax
Last week, British Columbia’s provincial government announced the elimination of Medical Services Premiums (MSP) premiums by 2020. And introduced a new payroll tax—the employer health tax (EHT), to be implemented a year earlier. Does ...
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The key fiscal lesson of Canada’s first 150 years—spend prudently
As 2017 draws to a close, Canadians can reflect not only on the outcomes of the last year, but in this milestone 150th year of the federation, also where we are headed. What shall Canada’s economic achievements be as the next 50 years ...
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Canada’s Past Fiscal Leaders Are Now Fiscal Laggards: An Analysis of 2017 Provincial Budgets
Around the turn of the 21st century, Alberta and Ontario could both boast of having comparatively sound public finances relative to most other provinces. In recent years, however, serious fiscal problems have emerged in both provinces. Alberta and Ontario ...
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A brief federal budget history—Canada, 1867-2017
Appeared in the New Brunswick Telegraph-Journal, March 13, 2017 The upcoming federal budget comes in Canada’s 150th year—an important milestone for what is perhaps the most successful country in the world. The evolution of federal finances since 1867 ...
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A Federal Fiscal History: Canada, 1867-2017
The Canadian federation’s 150th anniversary is an important milestone for a country that has become one of the most successful countries in the world. Canada’s economic evolution from a rural agricultural nation to a modern, highly urbanized, service ...