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Ottawa using bounty of robust growth to simply boost spending
The recently-released 2018 federal budget calls for growth in both spending and revenues. Between 2017-18 and 2022-23, total revenues are forecast to grow from $309.6 billion to $373.9 billion—an increase of 21 per cent. After a three ...
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2018 budget—another nail in the coffin of Trudeau’s balanced budget promise
While campaigning for the 2015 election, then-candidate Justin Trudeau made a commitment to Canadians, pledging three years of modest budget deficits of no more than $10 billion, with a balanced budget by the end of his first mandate in ...
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Ten year-end facts Canadians need to know
As we end 2017, here are 10 year-end facts Canadians should understand and consider as we enter 2018: • The total tax bill for the average Canadian family will exceed $35,000 in 2017, or 42.5 per cent of their income—more than what the ...
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B.C.’s NDP government will likely raise taxes and increase government spending
Yesterday, British Columbians finally found out who will govern the province. The NDP, led by John Horgan (pictured above) and supported by the Green Party, was given an opportunity by B.C.’s lieutenant-governor to form government. Which ...
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Federal Budget 2017 projects $28.5 billion deficit
With its largely status quo 2017 budget, the federal government has essentially decided not to decide until President Trump decides. And that leaves taxpayers, entrepreneurs and businesses guessing about what Canada’s economic policies ...
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Budget season—Alberta and Ottawa must revert back to proven fiscal policies
Budget season in Canada is now in full swing as governments unveil their tax and spending plans for the coming year and beyond. Two upcoming budgets deserve special attention: Alberta’s (March 16) and the federal government’s (March 22), ...
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Spending cuts impose less economic damage than tax hikes
Among Ottawa and the 10 provinces, eight governments are currently in deficit, spending more than the revenues they collect. As Canadian governments seek to eliminate their budget deficits, they should take note of a new study by a group ...
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Canada’s disappointing second quarter economic performance spotlights need for proven policies
Statistics Canada released some disappointing data yesterday on the performance of the Canadian economy. According to the agency, the country’s gross domestic product (GDP), which is the value of all the goods and services produced in ...
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Quebec's budget next step in a recovery plan
Appeared in the Huffington Post Premier Couillard's government will table its first budget on June 4 and early signs suggest it's not going to be business as usual. "The time for cosmetic changes is gone" We must act firmly and ...