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Illustrating the Tax Implications of a Guaranteed Annual Income
Policymakers and the general public have paid increasing attention to the notion of introducing a GAI program in Canada. A guaranteed annual income (GAI) is a cash transfer paid by the government to individuals or households to ensure a minimum ...
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Average Canadian family spends nearly $39,000 per year on taxes
Appeared in the Ottawa Sun, September 2, 2020 As the pandemic continues to hamper the economy, many Canadian families struggling to keep up with monthly expenses including rent or mortgage. However, there’s another major expense that significantly adds to ...
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Canadians should know how much we pay for health care
Appeared in the Calgary Sun, Sept. 2, 2020 Due to the COVID pandemic and recession, there’s now heightened interest in transparent reporting of health and economic indicators. Information on the number of COVID cases is being widely disseminated, ...
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Taxes versus the Necessities of Life: The Canadian Consumer Tax Index 2020 edition
The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2019. Including all types of taxes, that bill has increased by 2,226% since 1961. Taxes have grown much more rapidly than any other single ...
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Poor CERB targeting wastes billions
Appeared in the Financial Post, August 27, 2020 Despite a near $350 billion federal deficit and national debt exceeding $1 trillion, the Trudeau government continues to borrow billions of dollars to finance cash transfers to Canadians whose need is at the ...
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Federal Government Wasting Billions on Poorly Targeted Assistance
The federal government has introduced a number of new programs and ad hoc additions to existing programs in response to the COVID recession. Unfortunately, much of this spending appears to have been poorly targeted towards those in genuine need, ...
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Trudeau government should pivot away from Morneau-era policies of weakness
Appeared in the Vancouver Sun, August 24, 2020 In touting Bill Morneau’s tenure as federal finance minister, which ended recently with his resignation, the Trudeau government repeatedly pointed to Canada’s low unemployment rate (pre-recession). But the ...
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Federal finances remain vulnerable to fluctuating interest rates
Appeared in Calgary's Business, August 20, 2020 There’s been a lot of movement in Ottawa lately, including Bill Morneau’s resignation as federal finance minister, with Chrystia Freeland taking his place. Unfortunately, the Trudeau government’s recent ...
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The Price of Public Health Care Insurance, 2020
Canadians often misunderstand the true cost of our public health care system. This occurs partly because Canadians do not incur direct expenses for their use of health care, and partly because Canadians cannot readily determine the value of their ...
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Memo to Finance Minister Freeland—we have an investment crisis in Canada
Appeared in the Toronto Sun, August 19, 2020 When Bill Morneau was appointed federal finance minister in 2015, many hoped his time in business, think-tank background and oft-repeated zeal for “evidence-based policy” would help guide policy decisions. He ...