Trudeau government dodges democratic accountability

Federal government’s ongoing refusal to deliver a full budget another example of it avoiding accountability

Trudeau government dodges democratic accountabilityBy Jason Clemens and Jake Fuss The Fraser Institute According to Finance Minister Chrystia Freeland, on Monday the government of Prime Minister Justin Trudeau will provide an update on its 2020 spending. But the government hasn’t delivered a full federal budget since March 2019, more than 20 months ago. That demonstrates little regard for democratic…

New Brunswick government finances unsustainable 

New Brunswick government finances unsustainable By Alex Whalen and Jake Fuss The Fraser Institute New Brunswick faces a large budget deficit and rising provincial debt, thanks to the pandemic – and subsequent increased government spending, a shrinking economy and lower projected government revenues. It’s a situation mirrored in provinces across Canada. More important than this year’s deficit, however, are the…

Sooner or later, we will pay for federal spending

Trudeau isn’t saying no new taxes; he’s saying we should continue to spend today and pay for it with taxes tomorrow

Sooner or later, we will pay for federal spendingBy Tegan Hill and Jake Fuss The Fraser Institute Despite promising significant increases to already historically high spending, Prime Minister Justin Trudeau recently pledged there will be no new taxes. This rhetoric is simply false. To pay for today’s spending, the Liberal government must either tax today or defer tax increases to the future by…

Federal tax hikes would do more harm than good

Our high income tax rates discourage productive economic activity and put Canada at a competitive disadvantage

Federal tax hikes would do more harm than goodBy Jake Fuss and Tegan Hill The Fraser Institute On July 8, the government of Prime Minister Justin Trudeau will release a “snapshot” of federal finances, the first such update since the COVID-19 crisis began. The government may also soon look to raise taxes to try to increase government revenue, either to finance new spending…

Alberta should seek more autonomy in health care 

Welfare reform in the 1990s provides a starting point for reforming health care today

Alberta should seek more autonomy in health care By Jake Fuss and Bacchus Barua The Fraser Institute On Wednesday, Alberta’s Fair Deal Panel issued its report detailing 25 policy recommendations to expand the province’s influence within the Canadian federation and enhance provincial autonomy. However, one crucial policy option was not discussed at length – the potential shift of health-care decision-making powers to the…

Nova Scotia government faces debt tidal wave

Rising government debt can dampen economic growth and divert billions of dollars away from important public priorities

Nova Scotia government faces debt tidal waveBy Jake Fuss and Alex Whalen The Fraser Institute Just three months ago, provincial Finance Minister Karen Casey released a budget projecting an operating surplus, which would have been the Nova Scotia’s fifth consecutive balanced budget. However, due to COVID-19, circumstances have changed dramatically and the province now expects to run a large deficit this…

Capital gains tax hike would cripple investment

Increasing the federal tax would be anti-investment, anti-entrepreneurship, anti-innovation and anti-green

Capital gains tax hike would cripple investmentBy Niels Veldhuis and Jake Fuss The Fraser Institute At a time when the country faces momentous economic challenges, it’s hard to think of a more damaging policy than a capital gains tax hike. Yet rumours persist that prior to the COVID-19 crisis and economic downturn, that’s exactly what the federal government planned to do.…

Trudeau tax relief plan will do little for economic growth

Trudeau tax relief plan will do little for economic growthBy Jake Fuss and Finn Poschmann The Fraser Institute According to a Parliamentary Budget Officer (PBO) report released this week, the federal government’s plan to increase the basic personal income tax deduction will cost nearly $7 billion annually when fully implemented. This is not only higher than what the Liberals anticipated during last fall’s election…

Federal finances perilous but Morneau oblivious

Canada’s economy is weakening with storm clouds on the horizon while federal finances are woefully unprepared for a recession

Federal finances perilous but Morneau obliviousBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute It’s hard to recall a time when Canada’s finances were so perilously close to rapidly deteriorating with seemingly little or no interest in Ottawa. Federal Finance Minister Bill Morneau has been making the rounds since releasing the fall economic update last month, reassuring Canadians…

Federal finances on a razor’s edge

The federal government can’t continue to ignore the warning signs of a slowing economy. It should limit discretionary spending now

Federal finances on a razor’s edgeBy Tegan Hill and Jake Fuss The Fraser Institute The recently-released Economic and Fiscal Update demonstrates the federal government’s proclivity for marked increases in deficit-financed spending despite warning signs of a slowing economy. New borrowing and a larger deficit increase the risk to federal finances should a recession occur. The federal update pegs the deficit…

Federal government tax cuts miss the mark

We need smart tax cuts that improve incentives for workers, entrepreneurs and investors, along with a balanced budget

Federal government tax cuts miss the markBy Jason Clemens, Jake Fuss and Tegan Hill The Fraser Institute Finance Minister Bill Morneau recently confirmed the federal government’s intention to reduce personal income taxes for everyone except “higher-income earners.” With total taxes (federal, provincial and local) consuming 44.7 per cent of the average family’s income in 2019, it’s easy to see why Canadians…

Growing debt a clear and present danger to Canadian economy

Canada’s debt has grown faster than the economy. That dangerous pattern casts a shadow over the nation’s long-term financial health

Growing debt a clear and present danger to Canadian economyBy Alex Whalen and Jake Fuss The Fraser Institute Just before the holidays, the federal government released its fall economic update. It revealed that Canada’s federal debt-to-gross-domestic-product ratio increased in 2019, meaning Canada’s debt has grown faster than the economy. This is particularly important because the government chose the debt-to-GDP ratio to guide federal fiscal…

Federal parties’ tax plans range from bad to naive

Higher taxes discourage business investment, business startups, entrepreneurialism and investment in education

Federal parties’ tax plans range from bad to naiveBy Jake Fuss and Tegan Hill The Fraser Institute Before Canadians go to the polls on Oct. 21, they should understand each party’s tax plan, which unfortunately range from bad to worse to downright naive. Let’s start with the NDP and Green Party, which have similar plans. Both propose a new “wealth tax” and would…
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