• 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.

  • Why business and banks hate the minimum wage

    … high-wage employers benefit from reduced turnover, lower recruitment costs, and greater productivity. That’s why more than 40 economists also signed an open letter cautioning against “fear-mongering that is out of line with the latest economic research”… At a time when the provincial unemployment rate has plunged to the lowest level in 16 years — 5.8 per cent last month — business interests want us to believe that we can’t afford it?

  • 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.

  • Ontario is complicit in precarious employment

    Thanks to a complex web of loopholes, employers have offloaded much of the liability and risk of maintaining permanent staff to these temp agencies, which insulate them from the financial consequences of workplace accidents… higher premiums have no lasting consequences for a temp agency that can disappear with the click of a mouse and rebrand itself the next day… it’s not just precarious workers who face extra peril, but all taxpayers and businesses who pay a price for this sleight of hand by the unseen hand of temporary agencies.

  • 9 Times Canada’s Labour Movement Made History and Shaped the Country We Live in Today

    … it’s not that hard to find examples of how the labour movement helped shape the country we live in today. Whether they’re fighting for shorter work days or better wages, the labour movement has done more than just improve working conditions for ordinary people – by standing up to powerful elites, time and again, Canada’s labour movement set in motion series of events that changed the course of history and moved Canada forward. Here are just nine examples…

  • 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.

  • Income grows in resource-rich provinces, Ontario and Quebec lag behind

    All told, 4.8 million people in Canada were considered as living in low income in 2015, compared with 4.3 million in 2005. Though the rate was little changed, the poverty shifted among regions and age groups. More seniors are living in low income, while the share of the youngest children in low-income households fell. The rate of seniors in low income climbed to 14.5 per cent from 12 per cent a decade ago. By province, low-income shares… rose to 14.4 per cent from 12.9 per cent.