• What minimum-wage critics don’t want you to know

    The most that any of these studies can claim is that employment will grow more slowly under higher minimum wages than in their absence. None predict that employment will decline… I am going out on a limb to predict that employment in all three provinces will increase with higher minimum wages – not because of them, of course, but because of factors (such as economic growth, population and aggregate demand) that matter most to employment. This is the perfect time to redirect growth so more benefit reaches those who need it most.

  • Most small businesses go nowhere, why tilt the tax system in their favour?

    The best way to stimulate productivity isn’t by subsidizing the creation of a lot of tiny, uncompetitive firms with no hope of going anywhere. It’s by opening the economy to competition and market disruption. Only we’re not terribly keen on either. We don’t need a pro-small business tax policy in this country. We need a pro-growth policy. And the starting point is to get rid of the small business deduction.

  • Doubling the length of tweets won’t fix Twitter’s real problem

    Twitter has irreversibly altered our sense of public discourse by convincing us that any argument worth having – religion/politics/racism – can be successfully advanced or bested in a 140-character feat of witty genius… Part of our accommodation consisted in us confusing ideas with information… tweets aren’t meant to be interrogated or analyzed. They aren’t meant to spur long, nuanced discussion – which is the kind of discussion our world desperately needs.

  • End of income sprinkling will affect one in eight small-business owners: study

    … according to new research from the Canadian Centre for Policy Alternatives… small-business owners most likely to be affected by the tax-savings measure are male, professionals such as doctors or lawyers who make more than $216,000 a year and with spouses or adult children who don’t work… data from Statistics Canada and tax filers, showed income sprinkling was almost entirely benefiting wealthy Canadians.

  • Suggestions for Morneau’s tax changes

    These proposals will result in a massive tax increase, primarily from one amendment that has not received much attention. This is the increase in the tax on death because of the elimination of the “pipeline strategy: ” The tax payable following the death of an individual who owns shares of a private company increased by 20 percentage points or more… how do we appease this anger, move forward in a sensible manner, protect the Canadian economy and put an end to the rhetoric surrounding the so-called “loopholes?”

  • $90,000 income means you’re upper middle class—regardless of where you live

    … an income of $90,000 per year would put you at the 90th percentile of the Canadian income distribution — that is to say, 90 per cent of tax filers had incomes below $90,000… there are many things to consider in debates about socio-economic status. But for the upper middle class, it still all comes down to income.

  • With proposed Liberal reforms impacting less than 10% of small businesses, this tax revolt will fail

    The Liberals are intent on changing the rules that allow small-business owners to defer taxation by using private corporations to make passive investments… as will become clear when the government releases its refined proposal later this fall, very few individuals in these categories will be affected.

  • Good jobs improve health and profits

    Bill 148 plans to increase the minimum wage to $15/hour and guarantees 10 personal emergency leave days a year (of which two are paid) for all Ontario workers, among other measures. These are exactly the types of policies we need to start seeing more of, and it is wonderful to see businesses also advocating for a healthy workforce and a healthier Ontario.

  • Ontario to sell cannabis at government-run stores, online

    Despite calls from many premiers for more guidance on the file, the federal government has committed to legalizing the recreational use of the drug by July 1. But, to date, Ottawa has indicated that it will leave the contentious issues of regulating the wholesale distribution and retailing of cannabis up to the provinces and territories.

  • Why you should care that our civil-justice system is broken

    … in order for our economy to function properly, people need to believe that contractual, property and other legal rights mean something. But they can only mean something if they are enforceable… From a purely economic, risk-management perspective, a civil claim worth less than $75,000 (and that figure is probably low)… is rarely worth fighting to a final determination. In most cases, the potential recovery is simply not large enough to justify the risk.