Government Spending & Taxes

— Feb 7, 2019
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What Happens to the Federal Deficit if a Recession Occurs in 2019?

What Happens to the Federal Deficit if a Recession Occurs in 2019? finds that the federal government’s projected 2019/20 deficit of $19.6 billion will automatically reach between $28 and $34 billion if a recession hits this year, even before the government pursues any discretionary spending, for example, stimulus spending.

— Jan 31, 2019
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Education Spending in Public Schools in Canada: 2019 Edition

Education Spending and Public School Enrolment in Canada, 2019 finds that spending on public schools across Canada increased in every province over the past decade by an average of 17.3 per cent, on a per-student basis, after adjusting for inflation. Nominally, spending increased from about $49 billion in 2006/07 to nearly $65 billion in 2015/16, the most recent year of available Statistics Canada data. Teacher and staff compensation (salaries, pensions and benefits) accounted for 84 per cent of that increased spending, rising from $35 billion to more than $48 billion over the same 10-year period.

— Jan 29, 2019
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Assessing British Columbia's Tax Competitiveness

Assessing British Columbia’s Tax Competitiveness finds that B.C. now has the ninth highest top combined personal income tax rate in Canada and the United States, which hurts the province’s ability to compete with neighbouring jurisdictions for skilled-workers and investment. The province also has the highest taxes on business investment anywhere in Canada.

— Jan 22, 2019
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Prime Ministers and Government Spending, 2019 tracks annual per person program spending (adjusted for inflation) by prime ministers since Confederation, and finds that Prime Minister Justin Trudeau has now recorded two of the three years with the highest levels of government spending in Canadian history, including times of war and recession. The all-time high was recorded by Prime Minister Stephen Harper during the 2009 recession.

— Jan 8, 2019
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Can Alberta Restore Its Tax Advantage?

Can Alberta Restore Its Tax Advantage? finds that for Alberta to become one of the lowest taxed jurisdictions in North America again, the province would require a six per cent single-rate personal income tax. Over the past five years, Alberta went from having the lowest top combined (federal/provincial) personal income tax rate in North America to one of the highest, due to tax increases at the provincial and federal levels and tax cuts in the United States.

— Dec 18, 2018
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Reforming Capital Gains Taxes in Alberta

Reforming Capital Gains Taxes in Alberta finds that Alberta should eliminate the provincial portion of the capital gains tax—lowering it from 24 to 16.5 per cent—to become more competitive with key energy-producing jurisdictions in the United States. Currently nine U.S. states do not impose a state-level capital gains tax, including several key energy-producing states—Texas, Wyoming and Alaska—which directly compete with Alberta for investment, entrepreneurs and even highly-skilled workers.

— Nov 19, 2018
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The Flight of Capital From Canada

The Flight of Capital From Canada finds that a host of economic measures indicate that Canada continues to underperform when it comes to business investment, which is crucial for improving living standards and generating prosperity. Notably, from 2013 to 2017, Canadians increasingly invested abroad while at the same time, foreign direct investment in Canada dropped a staggering 55.1 per cent from 2013.

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