• Ignore Trump’s whining. It turns out U.S. manufacturing was surging all along

    Developing countries now have a comparative advantage in assembling components with a lot of unspecialized labour. This has become low-end manufacturing, but nobody complains (or should complain) as this specialization has allowed a large number of poor countries to escape poverty, a huge historical shift. The comparative advantage of rich countries has moved to high-end research and development, conception, design, engineering, complex manufacturing (such as 3D printing), logistics, and distribution.

  • The Lion’s Share: Pension deficits and shareholder payments among Canada’s largest companies

    … 39 companies oversaw a $10.8 billion deficit in their pension plans in 2016, while increasing shareholder payouts from $31.9 billion in 2011 to $46.9 billion last year. This paper, co-published by the CCPA and the Canadian Labour Congress, details the extent to which DB pension plans among S&P/TSX 60 companies are underfunded, provides the cost to shareholders that eliminating the pension deficits would pose, and offers a series of recommendations for ensuring the security of retirees’ benefits.

  • Community capitalism: A path to prosperity for First Nations

    Community capitalism generates so-called “own-source revenues” (OSR) – money that First Nations earn for themselves rather than receive from government transfers. We estimate that the total amount of OSR is now in excess of $3-billion a year (some First Nations do not make public reports). That’s a significant amount compared with the roughly $5.5-billion transferred to the same First Nations by governments in fiscal 2015-16.

  • Canada’s wealthy may have started a tax revolt, and Ontario is the first to notice

    The provincial update revealed that personal income tax revenues in the country’s largest province were downgraded to come in nearly $2 billion lower than forecast in the spring budget, despite an upgrade in projected economic growth. No explanation was offered for this unusual set of circumstances — tax revenues should rise in a growing economy — but the suspicion is that high-earning Canadians are fed up seeing more than 50 cents on every dollar they earn over $200,000 taken by the taxman.

  • You know, there’s a reason no one’s put in a guaranteed annual income yet

    The idea of a “guarantee” is uncontroversial enough: we’ve already accepted that Canadians are entitled to a certain minimal standard of living. Why not make that implicit guarantee an explicit one? … Unless you’re willing to advocate for a drastic increase in taxes, the responsible thing to do is abandon the impossible GAI dream and focus on what is possible with current levels of tax revenues.

  • The real pirates of the Caribbean

    … regardless of whether or not most tax haven users are withholding their taxes illegally, surely there is a more troubling moral and ethical factor to consider. It has to do with the ability of so many people to get away with not paying their taxes. They can do so because they’re rich. They can afford the expensive advice of high-priced lawyers and accountants who can exploit convenient loopholes and ambiguities in the tax laws. This explains the vast amount of taxes owed that never get collected.

  • Paving way for more women in workforce would boost economic growth, report says

    … the burden of unpaid care work, gender discrimination and violence, a lack of legal protection and reduced access to financial services… Removing those barriers could boost OECD growth by between 6 per cent and 20 per cent… “It’s about the sheer scope for growth — 6 per cent is what we arrived at for advanced economies; for emerging market countries it’s even higher… So why aren’t we going for it?”

  • Canadian tax hypocrisy that favours the rich must end: Broadbent

    Tax avoidance and evasion by the rich ultimately undermines democracy: it starves social programs and public services, increases after tax income and wealth inequality, and further concentrates economic resources in the hands of a few… Ordinary Canadians have a right to be angry that the very rich are being pampered by our political elites. The response should be broad-based, progressive tax reform to make the system much fairer and more transparent.

  • New family care policies provide more flexibility, but for whom?

    … because they continue to be based on the Employment Insurance (EI) system, the benefits may actually not be affordable to many… these levels of payments may actually not be a living wage and therefore may only benefit people at the higher income levels. In best practice Nordic countries, people get around 80 per cent of wages while on leave… most Canadians will not truly benefit from the greater flexibility provided.

  • Ottawa should do better on improving parental leave

    It’s difficult enough to sustain a household for 12 months under the current rules; doing without a full income for even longer will be a struggle for many… Second, it’s still extraordinarily difficult for parents who are working part-time or in other precarious work to access the EI parental leave program… third… Ottawa amended the Canada Labour Code for federally regulated workplaces… But that covers only 8 per cent of workers.