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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
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Fiscal Accountability: The Path Forward
Thursday, June 20th, 2019
Public Accounts Should Reflect Public Sector Accounting Standards… Budgets Should Match Financial Statements… Budgets Should Precede the Start of the Fiscal Year… Estimates Should Be Timely and Reconcile with Budgets… Key Numbers Should Be Accessible and Recognizable… Year-End Results Should Be Timely
Tags: budget, economy, ideology, jurisdiction, rights, standard of living
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Fiscal Transparency: How the Federal Government Can Get an A+
Friday, March 1st, 2019
To start, make the key numbers in the 2019 budget easy to find: up front, and clearly identified… produce estimates that matched the budget and the financial statements… the 2018 budget’s reconciliation of its projections with the anticipated estimates was unclear and incomplete… Timely reporting helps legislators and citizens spot – and, if needed, demand action to correct – deviations from plans that make no sense and/or threaten the fiscal plan.
Tags: budget, featured, ideology, participation, standard of living
Posted in Governance Debates | No Comments »
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