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Federal debt accumulation will disproportionately burden younger Canadians
Over a two-year span, Ottawa is expected to add more than $500 billion in federal debt. ...
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The Lifetime Tax Burden for Canadians from Federal Debt Accumulation
Federal debt has risen substantially during the COVID-19 pandemic and is projected to continue rising for the foreseeable future. Large deficits come with costs and Canadians will have to pay for our borrowing today through additional taxation ...
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Canadians Celebrate Tax Freedom Day on May 24, 2021
In 2021, the average Canadian family will earn $124,659 in income and pay an estimated $48,757 in total taxes (39.1%). If the average Canadian family had to pay its taxes up front, it would have worked until May 23 to pay the total tax bill imposed on it ...
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Tax reform will increase possibility of four-day workweek in Canada
Appeared in the Ottawa Sun, February 17, 2021 The idea of a four-day workweek has gained significant traction in Canada. According to an Angus Reid poll, the majority of Canadians surveyed last June agreed it would benefit the country to shorten the ...
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Trudeau tax hikes would do more harm than good
Appeared in the Winnipeg Free Press, July 7, 2020 On July 8, the Trudeau government will release a “snapshot” of federal finances, the first such update since the COVID crisis began. The government may also soon look to raise taxes to try to increase ...
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Tax Freedom Day: 2020 Report
Tax Freedom Day is the day in the year when the average Canadian family has earned enough money to pay the taxes imposed on it by all three levels of government (federal, provincial, and local). The total tax bill of the average Canadian family, ...
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Trudeau government should learn from Chrétien-era tax relief
Appeared in the Vancouver Province, March 4, 2020 As the Trudeau government prepares to table its 2020 budget, it should reflect on another federal budget from 25 years ago when the Chrétien government took decisive action to balance the budget (after ...
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Nova Scotia budget is balanced, but concerns loom over debt and taxes
The Nova Scotia government tabled its 2020 provincial budget on Tuesday. Highlights include a spike in capital spending and net debt, minimal relief from high taxes, and the province’s fourth consecutive balanced operating budget. Despite ...
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Trudeau government making wrong type of tax cuts
Appeared in National Newswatch, January 5, 2020 As expected, Finance Minister Bill Morneau recently confirmed the federal government’s intention to reduce personal income taxes for everyone except “higher-income earners.” With total taxes (federal, ...
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June 14 is Tax Freedom Day in Canada—but don’t pop the champagne yet
Appeared in the Toronto Sun, June 14, 2019 Have you ever wondered how much you actually pay in taxes each year? While tax returns help us understand how much income tax we pay, it’s difficult for most Canadians to calculate their total tax bill. In Canada ...