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How Much Could a Guaranteed Annual Income Cost?
The recent implementation of the Canada Emergency Response Benefit (CERB) has sparked renewed interest in an old policy idea known as the Guaranteed Annual Income (GAI). There are many variants of the GAI concept. All of them, however, involve ...
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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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Ford’s tax pledge will help Ontario’s economy recovery
No matter how you measure it, Ontario’s budget deficit is on track to be the largest in provincial history. And while this year’s massive deficit is primarily due to forces outside the government’s control—mainly the COVID 19 recession ...
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COVID crisis presents opportunity for trade reform in Atlantic Canada
Appeared in the Bluenose Bulletin, September 1, 2020 Earlier this summer, the four Atlantic provinces formed the “Atlantic Bubble” as the region works toward freer movement of people amid the COVID crisis. And clearly, the pandemic’s effect on the economy ...
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Measuring the Equalization Clawback on Natural Resource Revenue in Have-Not Provinces
Over time, critics have identified many problems with Canada’s equalization program. This study will examine and quantify one such problem: the disincentive that the program creates for the development and deployment of natural resources in “have-not” ...
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Premier Ford’s choice is clear—more government debt or real reform
Appeared in the Ottawa Sun, August 15, 2020 On Wednesday, Ontario Finance Minister Rod Phillips released the province’s first quarter finances for the 2020/2021 fiscal year. The update is sobering to anybody concerned about Ontario’s well-being. The ...
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Ontario budget deficit will reach historic levels
The Ford government on Wednesday released Ontario’s first quarter finances. The headline statistic was the updated estimate of Ontario’s operating budget deficit this year, now pegged at $38.5 billion, up from approximately $20 billion ...
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Kenney government should learn from past deficit-reduction plans
Appeared in the Edmonton Sun, August 12, 2020 The Government of Alberta is racking up debt—quickly. The province has accumulated $35 billion in new debt over the past half-decade and will run another $20 billion budget deficit this year. If the Kenney ...
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Kenney government must continue move towards balanced budget
To make matters worse, Alberta recently received its third credit downgrade since December. ...
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Premier Ford should look west for tax advice
Alberta will reduce its corporate income tax rate to 8 per cent. ...