Who Benefits from the TFSA?

This was published today in the Globe and Mail’s online business feature Economy Lab. A fuller analysis can be found at the PEF website, here. Stephen Harper has unveiled yet another plank in a platform that seems remarkably out of touch with the concerns of an electorate walking on post-recession…
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Robin Hood Economics

Canada’s economic context at the time of Election 2011 is one of “precarious recovery”, and overall demand conditions are weakened by a few major factors. Unemployment is still just under 8%, which is good compared to the double-digit unemployment of the early 1990s, but not great compared to the expansions…
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The NDP On Business Taxes and Jobs

The media coverage of Jack Layton’s announcement yesterday was disappointingly thin, and the details (including on the NDP web site) are pretty hard to find. The NDP would go one better than the Liberals in raising the federal Corporate Income Tax rate from 16.5% today (and 15% next year) to…
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Election Stimulus

One of the common complaints about elections is that they cost money (and therefore we should have fewer of them).  The last two federal elections cost around $270 million (incidentally a little less than the additional amount it would have taken for the government to meet the NDP’s GIS demands…
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EI and the Election

In a rather transparent temporary fix, the pre election Budget proposes to temporarily continue existing and recently expired work-sharing arrangements and to extend two “pilot projects” for one more year rather than let them expire in short order.  The pilot projects are the working while on claim project which gives workers…
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Low Taxes for Whom? Flaherty’s Rhetorical Retreat

Although last week’s election-provoking federal budget was entitled, “A Low-Tax Plan for Jobs and Growth,” it notably did not address the corporate tax cuts at issue. Finance Minister Jim Flaherty’s speech began by listing the GST cuts, child-care cheques, Tax-Free Savings Accounts and higher personal tax credits, but never got…
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