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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Income Splitting: A Bad Idea Returns

I wrote the following op-ed four years ago. While the population totals and tax thresholds have changed slightly, the analysis stands. In fact, the case for income splitting is now even weaker. Back then, it would at least have allowed low-income, single-earner households to claim two basic personal credits instead…
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Income Splitting: A Pacifier, Not A Program

Income splitting? Really? That’s the Conservatives’ big plan for helping to ease the financial burden of couples with children? I’m not surprised. After all, this is the government for whom $100/month (taxable!) for each child under six is their version of a universal child care plan. Now, I won’t claim…
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