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Most middle-class Canadians have seen their income taxes increase, not decrease
In a recent Globe and Mail commentary ("Crazy rich Canadians: How to tax the 1%"), noted economist Jack Mintz said “Canada is now disadvantaged in attracting entrepreneurial and skilled labour because of its higher personal tax ...
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The finance minister said what? Part 2
Federal Finance Minister Bill Morneau (pictured above) recently appeared on BNN Bloomberg and made a number of incredibly worrying statements indicating that he (and the federal government) are either wholly misunderstanding the ...
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The finance minister said what?
Coming out of an emergency cabinet meeting earlier this week, ostensibly called to deal with the watershed announcement that Kinder Morgan was halting all “non-essential” spending on its Trans Mountain pipeline despite regulatory and ...
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Trump reforms lay bare Canadian policy missteps
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive. ...
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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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Sensational headlines about economic growth breed complacency
Appeared in the Financial Post, September 7, 2017 Given the sensational media headlines hyping Canada’s recent economic growth, it’s hard to blame Canadians for being complacent. “Canada's economy steamrolls ahead—4.5% annualized rate of expansion” ...
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The case for federal personal income tax reform in Canada
On the 100th anniversary of Canada’s federal personal income tax (PIT), the federal government would be wise to consider reforming personal income taxes by eliminating several “tax expenditures” (tax credits, deductions and other special ...
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Higher taxes, less competitive economy potentially on the way for British Columbia
Appeared in the Vancouver Province, June 19, 2017 Amid all the speculation about politics and who will form a government in B.C., it’s easy to lose sight of the real impact of policy changes awaiting British Columbians. Take tax policy, for example, which ...
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Morneau wrong about Canada’s economy and competitiveness
Appeared in the Financial Post, April 13, 2017 Canada’s anemic economic growth should be of the upmost concern to Canadian policymakers. In 2016, the economy had one of its most difficult years, with growth at a mere 1.3 per cent. Looking forward, it ...
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Too many analyses misrepresent capital gains income and taxes
As the federal budget quickly approaches and rumours regarding a likely increase in capital gains taxes intensify, it’s worthwhile to consider how many of the analyses calling for higher capital gains taxes confuse capital gains income ...