Lost and found: What budget language says about government priorities

There’s already a ton of good analysis around the 2015 Federal Budget. Critics’ consensus? This budget is short-sighted, misleading and full of vote-buying measures that do little to address Canada’s real challenges. The policies and measures contained in the budget say a lot about the current government’s priorities—budgets always do….
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Nova Scotia Tax Review: Eroding Tax Fairness

The Nova Scotia Tax Review released today lacks an analysis of the impact its tax changes will have on Nova Scotians. Who would benefit? A simple distributional analysis of different income groups would give us some information. Not available. (Informative to check out the analysis we did for the Hamm…
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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…
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More Dead Money

The sector and financial-flow accounts released with today’s GDP figures indicate an expansion of the pool of dead money flagged by this blog and by Mark Carney. The National Balance Sheet Accounts have not yet been released for the second quarter, so we cannot update the accumulated total of $526…
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Alternative Budget Provides path for Nova Scotia to Move Forward to Fairness

Last week, the Canadian Centre for Policy Alternatives-Nova Scotia (CCPA-NS) released its flagship annual publication, the Nova Scotia Alternative Budget (NSAB). This report brings together a wide range of experts, including economists, social scientists, community representatives and social advocates who propose a more inclusive, long-term and forward-thinking approach to the…
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Ontario Budget Emulates Drummond

Perhaps the most striking feature of today’s Ontario budget is how close it comes to last month’s Drummond report. Drummond’s preferred scenario for 2017-18 was $134.7 billion of provincial revenue, $117.5 billion of program spending and $15.3 billion of interest payments. By comparison, today’s budget envisions $135.9 billion of revenue,…
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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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