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Canadian corporations may have avoided $25-billion or more in taxes in 2018: PBO

Friday, June 21st, 2019

Canadian companies transferred more than $1.6-trillion in 2018 to low-tax countries known as offshore financial centres and conduits to these nations, according to a new report by the Parliamentary Budget Officer… if just 10 per cent of that amount was transferred to avoid taxes, that would mean Ottawa lost out on $25-billion in federal revenue. Billions more would have been lost in provincial corporate taxes.

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Canada’s new immigration rules put premium on young people

Monday, August 27th, 2012

21 August 2012
New immigration rules will target workers aged 18 to 35… Canada will rely on young immigrants to soften the fiscal pain of a demographic crunch… Driving the change is the concern that the ratio of working-age Canadians to retirees is shifting dramatically… “If you were going to design an immigration system that was going to help employers keep wages low, this is pretty close to what you’d want”…

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Budget bill gives Conservatives broad power over EI rules

Thursday, May 3rd, 2012

May 3, 2012
The measure is contained inside the budget implementation bill and would give cabinet the power to change employment insurance rules later through regulation without the approval of Parliament… The budget bill contains a small section that allows cabinet through regulation to define “suitable employment.” Ottawa isn’t saying what it has in mind… this and other EI changes in the budget bill – which also include replacing existing appeals bodies with a single “Social Security Tribunal” – are of such significance that they should be studied independently.

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Pension reform raises questions about effect in provinces

Thursday, February 2nd, 2012

Feb. 02, 2012
Several provinces require citizens to prove they receive the federal Guaranteed Income Supplement for low-income seniors to qualify for their own programs aimed at helping poor seniors… If Ottawa raises the current eligibility age of 65 for Old Age Security and the GIS… it would impact these other programs… The GIS is a top-up program tied to Old Age Security… [which] can only be claimed by seniors with incomes under $16,368… “The interaction with provincial programs will exacerbate the impact on low-income seniors”

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Research belies PM’s warning about OAS

Tuesday, January 31st, 2012

Jan. 31, 2012
“The analysis suggests that Canada does not face major challenges of financial sustainability with its public pension schemes,” and “there is no pressing financial or fiscal need to increase pension ages in the foreseeable future.”… That’s because, as Canada heads into the boomer crunch, it spends far less than the OECD average on public pensions. Further, Canada’s relatively high levels of immigration will partially offset the distortions of an aging population…

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Posted in Social Security Debates | 1 Comment »

Prime Minister Harper unveils grand plan to reshape Canada

Friday, January 27th, 2012

Jan. 27, 2012
Mr. Harper portrayed his agenda as a fix for a generation – a fix he claimed is necessary to confront the challenges of an aging population. Canada’s demographics, he warned, pose “a threat to the social programs and services that Canadians cherish.” Preserving those social programs will likely mean cuts elsewhere… he plans to make Canada’s old-age security program sustainable. What that means is unclear. He did not spell out whether seniors will have to wait longer to receive the benefit or whether clawbacks would be increased for higher income earners.

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Ottawa summit aims to boost first-nations economies

Monday, January 23rd, 2012

Jan. 22, 2012
Finance Minister Jim Flaherty is preparing a budget based on departmental proposals for spending cuts… aboriginal programs in areas such as health and housing are clearly at risk… But Mr. Harper says a focus on sharing natural-resources wealth can actually boost social funding for communities… if the billions in mineral, hydro and forestry development in northern Manitoba were to benefit the region’s communities, Ottawa could spend less in areas like on-reserve housing. “The treaties were based on sharing the wealth,” he said.

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Flaherty’s tax credits cost Ottawa billions

Tuesday, January 10th, 2012

Jan. 10, 2012
The credits featured prominently in government advertising, allowing the Conservatives to target their message toward various segments of the population…. the annual cost of the Tax Free Savings Account – announced in the 2008 budget – has grown from $65-million in lost revenue in 2009 to $220-million in 2011… the Children’s Fitness Credit and the Public Transit Tax Credit, appears to have stabilized at $115-million and $150-million respectively… “They call these things tax cuts, but in fact they’re expenditures and they’ve only gone to make the tax code look like a piece of Swiss cheese.”

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Ottawa proposes first nations property ownership

Thursday, December 15th, 2011

Dec. 15, 2011
Conservative MPs are proposing… legislation that would allow natives to own private property within the communal land of reserves. The change… would mark a dramatic shift for individuals living on reserve. It would make it easier to accumulate wealth and to use homes as collateral when seeking bank loans to start businesses… about 10 communities out of the more than 600 first nation reserves in Canada that are ready to move in this direction… But Mr. Atleo of the Assembly of First Nations has previously… noted that AFN chiefs had rejected the concept of private property.

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Ottawa looks at rewriting rules on charitable giving

Friday, October 28th, 2011

Oct. 28, 2011
Ottawa is conducting a sweeping overhaul of the way it finances charities and non-profit organizations, pledging a new era of accountability in which businesses and citizens shoulder more of the cost of giving… financing will come with more strings attached in an effort to ensure that organizations deliver promised social gains. While the first steps will be small, the government’s ultimate goal is a shift in public expectations as to the role of government in assisting social causes.

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Posted in Inclusion Delivery System | No Comments »

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