What the feds should be focusing on

I was asked on Tuesday to present to the federal Finance Committee and comment on the government’s latest budget. I thought I’d share my remarks with readers: I’d like to thank the committee for their invitation on this important and ongoing issue of “fiscal sustainability and economic growth” in Canada.  It…
Read more

EI, Self-Insurance or Three-Card Monte?

Monte Solberg, the former Conservative cabinet minister responsible for Employment Insurance, proposed to eliminate the program in a recent Sun Media column: An alternative would be to self-insure. Employee and employer premiums would accumulate in an account in each worker’s name. Including interest, anyone who managed to stay employed through…
Read more

GDP: Consumers to the Rescue

Following positive GDP numbers in April and May, Statistics Canada reported today that a sharp drop in June dragged Canada’s economic growth to a mediocre pace of 0.4% for the second quarter. June’s declines in manufacturing and resource extraction did further damage to industries that had declined in April and…
Read more

What’s a Point of Corporate Tax Worth?

Tom Mulcair’s recently reiterated unwillingness to raise personal tax rates puts the spotlight on corporate taxes. But how much revenue is at stake? Three and a half years ago, I posted a fiscal breakdown of Harper’s corporate tax cuts and how much revenue could be retained by stopping or reversing…
Read more

Federal Budget 2013: Stubbornness and hidden secrets

Reactions to the federal budget presented in March differed in Québec in comparison with the rest of the provinces. In this text we will first review the budget as whole before zooming into measures which caused a big uproar in Québec. In its latest budget, the government brought to the…
Read more