McGuinty’s Business Tax Breaks

An interesting nugget in last week’s Drummond report is Table 11.1, an updated version of Table 2 from “Ontario’s Tax Plan for Jobs and Growth” (2009). It provides a sectoral breakdown of the McGuinty government’s recent business tax breaks: HST input tax credits, cutting the corporate income tax, and eliminating the…
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Trans-Pacific Partnership

The United Steelworkers union made the following submission to the Government of Canada earlier this week. Erin Weir is an economist with the United Steelworkers union and a CCPA research associate. The United Steelworkers union welcomes the opportunity to comment on Canada’s proposed entry into the Trans-Pacific Partnership (TPP) free…
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EI Shrank by 100,000 in 2011

Statistics Canada reported today that the number of Canadians receiving Employment Insurance rose by 4,230 in December, a month in which unemployment rose by 6,100. The proportion of unemployed workers receiving benefits remained below 39% (i.e. 544,720 beneficiaries out of 1.4 million unemployed). Although December saw relatively little change in…
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Deflating Drummond

Statistics Canada reported today that consumer prices jumped in January (by 0.4% or 0.5% seasonally-adjusted), offsetting the drop in December. As a result, the annual inflation rate is now 2.5% and the Bank of Canada’s core inflation rate is 2.1%. Monetary Policy Both measures are well within the central bank’s…
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Cone of Silence Descends on Federal Cuts

The federal government has further lowered its “cone of silence” over the implications of federal cuts today. Treasury Board has instructed all departments to remove any implications of the latest $8 billion in cuts from their “Reports on Plans and Priorities” (RPP). The RPPs are the central way that researchers like…
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Statistics For Democracy

Statistics Canada is sometimes unfairly blamed for decisions made pursuant to budget cuts and to political direction, most notably in the decision to replace the long form Census with a much less reliable Household Survey. But the agency deserves tremendous credit for the decision, implemented just a couple of weeks…
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Drummond: The Good, The Bad and The Ugly

The Drummond Commission reported today. The Good While the McGuinty government prevented the Commission from considering tax rates, it proposes some sensible measures to raise revenue. Chapter 18, “Revenue Integrity,” recommends combating corporate tax avoidance and cracking down on the underground economy. Businesses sometimes hire workers as “contractors” to avoid…
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Master of Allusion

Stockwell! It’s been a while since I’ve seen your face and I was wondering how life outside of politics was treating you. So, imagine my great pleasure when I came across your column on the CBC website: “Avoid the trap of the income ‘gap’.” Noting the deliberate use of quotation…
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