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  1. The Determinants of Subnational Economic Freedom: An Analysis of Data for Seven Countries with Implications for Optimal Jurisdiction Size

    It is now well-established that countries, states, and provinces with better institutions, as measured by the indices published in the Fraser Institute’s Economic Freedom of the World (EFW) and Economic Freedom of North America (EFNA), have greater ...

  2. 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. ...

  3. Fiscal Lessons for Atlantic Canada from Saskatchewan

    COVID-19 and the related economic recession have thrown governments across Canada into varying degrees of fiscal peril. In Newfoundland & Labrador, the challenges of rapidly increasing debt and large deficits have created perhaps the largest fiscal ...

  4. First Nations and the Petroleum Industry—from Conflict to Cooperation

    There are many signs of growing cooperation between First Nations and the oil and gas industry. Production of hydrocarbons on reserve land is economically important to dozens of First Nations. Although a few First Nations opposed the Northern Gateway, TMX ...

  5. A New (Old) Fiscal Rule for Non-Renewable Resource Revenue in Alberta

    Alberta’s government finances are once again in a perilous state with ongoing deficits, mounting debt and near record levels of spending. One of the greatest contributors to Alberta’s fiscal instability is the provincial government’s treatment of non ...

  6. Understanding Universal Health Care Reform Options: Activity-Based Funding

    Hospital care in Canada’s provinces today is predominantly funded on a global budget or block-grant basis, under which hospitals receive an allocation of funds each fiscal year to look after patients. An alternative approach—one that has been adopted by ...

  7. Ford Government Fiscal Policy Approach Mirrors that of McGuinty and Wynne

    This bulletin analyzes the recent 2021 budget that Doug Ford’s Progressive Conservative government tabled in order to assess the extent to which it continues or changes the general fiscal policy approach of the Liberal governments of Premiers ...

  8. Caution Required When Comparing Canada’s Debt to that of Other Countries

    The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7. Of the two broad measures of debt, gross debt includes most forms of debt while ...

  9. Global Storm: The Effects of the COVID-19 Pandemic and Responses around the World

    The key event of 2020 was the COVID19 virus and its impacts on health, mortality rates, economies, and government budgets. From the first reports of a pneumonia of unknown origin in Wuhan, China, the COVID19 pandemic grew and spread to countries around ...

  10. 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 ...