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Canadians could have a balanced budget and better tax system: C.D. Howe Institute Shadow Budget
Tuesday, February 27th, 2024
Beyond reducing the debt burden to a level that is prudent and more fair to younger Canadians, the authors advocate tax changes to reward work and investment… The Shadow Budget proposes restoring the GST to 7 percent over time, lowering the rate for the middle personal income tax bracket to 15 percent in 2027, and lowering the general corporate income tax rate by one percentage point in 2025 and another in 2026.
Tags: budget, economy, ideology
Posted in Governance Debates | No Comments »
Payments To Parents For Childcare Can Spur Supply Of New Spaces
Wednesday, September 8th, 2021
… non-subsidized spaces can be created quickly in response to an increase in demand (driven by generous childcare-related payments to parents). The Quebec experience shows that subsidized licensed care can coexist with a refundable tax credit system for non-subsidized care, and that increasing the supply of childcare can also originate from direct payments to parents.
Tags: budget, child care, ideology, jurisdiction, participation
Posted in Child & Family Policy Context | No Comments »
Reforming the Child Care Expense Deduction
Thursday, December 5th, 2019
… a substantial proportion of lower- and middle-income Canadian families are not able to fully deduct their childcare expenses… The problem is greater in Ontario, in relation to the province’s new childcare tax credit… For the CARE credit alone, raising the claim limit from two-thirds to 100 percent of the lower-income parent’s earnings would benefit about six in 10 two-parent families earning less than $50,000.
Tags: child care, ideology, jurisdiction, participation, standard of living, tax
Posted in Child & Family Policy Context | No Comments »
Giving parents money directly the best approach to financing childcare
Friday, September 20th, 2019
The financial hurdle for a parent considering the merits of working versus staying at home to care for young children can be extremely high… decentralizing the provision of child care by giving money directly to parents provides the advantages of competitive consumer markets: greater choices, innovation in staffing, various facility types, and more flexible hours and modes of care.
Tags: child care, economy, ideology, participation, standard of living, tax, women
Posted in Child & Family Policy Context | No Comments »
Is giving parents money directly the best approach to child-care funding?
Tuesday, September 10th, 2019
… decentralizing the provision of child care by giving money directly to parents provides the advantages of competitive consumer markets: greater choices, innovation in staffing, various facility types, and more flexible hours and modes of care. // … giving money to parents won’t create more safe, high quality licensed child care… [which] most parents would choose if it was better funded to make it more available, affordable and designed to meet their needs.
Tags: child care, economy, ideology, jurisdiction, participation, tax, women
Posted in Child & Family Debates | No Comments »
Thumbs up for Ontario’s new Childcare Plan
Friday, April 19th, 2019
The new Ontario Childcare Access and Relief from Expenses (CARE) tax credit, initially estimated to cost around $400 million, will incentivize thousands of stay-at-home parents (mostly mothers) to join the workforce, generating additional taxable employment income and boosting tax revenues in the long run. The credit is targeted, mostly, at low- to modest-income families, where gaps from the current childcare expense tax deduction are the greatest… The CARE refundable tax credit will fill this gap, refunding up to 75 percent of the cost.
Tags: budget, child care, economy, featured, ideology, jurisdiction, participation, women
Posted in Child & Family Policy Context | No Comments »
Ottawa Wins from Ontario’s Proposed Childcare Rebate
Saturday, January 19th, 2019
The newly elected government in Ontario pledged in its electoral platform to implement a childcare rebate program, which would reimburse up to 75 percent of the childcare expenses of low-income families, with the childcare subsidy rate gradually declining as family income grows… Over the first few years, we expect about 60,000 stay-at-home mothers to enter the workforce.
Posted in Child & Family Policy Context | No Comments »
What level of ‘pensions’ do Canadians really want?
Friday, March 19th, 2010
March 19, 2010
Canadians — employers, employees and the self-employed — need both adequate information and, most importantly, appropriate vehicles to provide efficient risk-adjusted management of their savings both during working years and in retirement… if Canadians want high incomes and consumption in their retirement years, they will have to save more of their incomes and forgo more consumption during their earning years.
Tags: pensions
Posted in Debates | No Comments »
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