Government Spending & Taxes

— 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.

— Oct 11, 2018
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Capital Investment in Canada: An International Comparison

Capital Investment in Canada: An International Comparison finds that Canada’s anemic growth rate of capital investment—which has slowed to a 40-year low—has lagged behind growth rates in the United States and other developed countries in recent years. Investment growth has been especially weak in Canada’s business sector, particularly in the areas of machinery, equipment and intellectual property.

— Sep 19, 2018
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Impact of Provincial Tax Changes on British Columbian Families

Impact of Provincial Tax Changes on British Columbian Families finds that the average family in British Columbia—with a 2018 household income of $114,809—will pay $969 more a year in taxes due to the B.C. government’s recent tax changes. Crucially, that figure does not include several residential property tax increases, such as the increased property transfer taxes, the foreign buyers tax, the speculation tax and the school tax.

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