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1. Interest Cost Risks to Government Budgets

   This essay calculates the change in government interest costs and budget balances if interest costs return to their 2019-20 levels. Estimates are calculated for 2021-22 gross debt levels for each of the provinces and the federal government. ...

2. 2021 budgets establish uncertain future for government finances in Canada

   The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...

3. Trudeau ‘childcare’ plan remains opaque, contradicts other federal policy

   The plan calls for $27.2 billion over the next five years to reduce daycare costs. ...

4. Federal budget speech disregards key drivers of economic prosperity

   From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation. ...

5. Federal budget lacks realistic recovery plan despite all the red ink

   The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999. ...

6. Federal Budget 2021—a preview of what you won’t see

   At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7. ...

7. Deferring Federal Taxes: Illustrating the Deficit Using the GST

   It is sometimes difficult for everyday Canadians to grasp the size of the federal deficit— estimated at $26.6 billion for 2019-20—because of its sheer size. This bulletin, along with subsequent planned instalments, aims to give Canadians that ...

8. What would Chrétien’s budget rules have meant for Trudeau: Part 2

   After successive years of higher-than-promised federal deficits and record levels of per-person federal spending, the Trudeau government now finds itself less prepared to respond to the COVID-19 pandemic. This blog post estimates where ...

9. The Budget That Changed Canada: Essays on the 25th Anniversary of the 1995 Budget

   February 28th, 2020, is the 25th anniversary of one of the most important federal budgets in Canada’s history. It took decisive steps to finally solve a problem of runaway deficits and debt that had begun in the late 1960s and grown worse, almost without ...

10. Both Trudeau and Harper increased size of federal government

    Appeared in the Moncton Times & Transcript, June 10, 2019 As the fall federal election approaches, political commentators bombard Canadians with sometimes misleading rhetoric. Such rhetoric undermines the public’s understanding of good policy, and on ...