Posts Tagged ‘economy’
Taxing Excess Profits In Canada: An Urgent Proposal For ActionTaxing excess profits in Canada: An urgent proposal for action
Wednesday, November 27th, 2024
To raise funds urgently needed to address the climate and affordability crises and curb growing monopoly power, we recommend the implementation of an economy-wide windfall profits tax that could raise over $50 billion from publicly traded companies and a monopoly profits tax that could raise $8 billion annually.
Tags: economy, standard of living, tax
Posted in Debates | No Comments »
MPPs Acknowledge Ontario Public Universities Require Additional Funding
Friday, November 15th, 2024
OCUFA maintains that public universities rely too heavily on international student tuitions, due to decades of underfunding from the provincial government… increasing provincial funding to universities by 11.75% per year for five years [would] bring Ontario in line with the Canadian average of per-student funding. Currently, Ontario’s per student funding is dead last in the country…
Tags: budget, economy, jurisdiction, participation, standard of living
Posted in Education Delivery System | No Comments »
What’s behind Canada’s housing crisis?
Wednesday, November 6th, 2024
Canada had a strong housing welfare system in the 1960s and 1970s, but this changed in 1993 when the federal government stopped funding social housing programs. It shifted toward a commodified system that emphasized individual responsibility… This shift was driven by two neoliberal beliefs. The first is that the private market is the most efficient way to provide housing… The second belief is that homeownership promotes autonomy and reduces reliance on governments by building property assets, although the reality defies this belief.
Tags: economy, housing, ideology, jurisdiction, participation, rights
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The rise and fall of co-op housing in Ontario
Tuesday, November 5th, 2024
Toward the end of the last century, the construction of co-operative housing — and social housing more broadly — garnered substantial federal and provincial investments: thousands of co-operative units were built every year for a span of nearly three decades. But a nexus of political, economic, and social factors in the late 1990s ground the breakneck pace of construction to a crawl. Today, units in co-operative buildings are coveted by those looking for affordable-housing options in an increasingly unaffordable market.
Tags: economy, housing, ideology, jurisdiction, privatization, rights, standard of living
Posted in Child & Family Policy Context | No Comments »
CMA calls for elimination of sick note requirements by employers
Monday, October 28th, 2024
The association says sick notes burden physicians with unnecessary administrative tasks and detract from patient care. In a new position paper, the CMA calls for legislative changes to restrict the requirement for sick notes and promote alternatives such as self-certification and flexible leave policies… the move aims to ease the administrative burden on health care providers and improve patients’ access to care and the overall efficiency of the health care system.
Tags: economy, Health
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Corporate profits continue to rise as corporate taxes fall
Monday, October 21st, 2024
Rising corporate profits and falling corporate tax rates are related. Corporate tax cuts encourage higher profits by increasing the share of profits that shareholders get to keep. Proponents of cutting corporate taxes typically argue that it will promote investment and eventually lead to higher productivity. But, over the past 30 years, the opposite has happened. In the late 1990s, annual labour productivity growth was over 2%. Now, it is less than 1%.
Tags: economy, jurisdiction, tax
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There are Better Ways to Spend $3 Billion on Seniors than Boosting OAS
Monday, October 7th, 2024
If $3 billion per year were spent on seniors, where would it be best spent: Income security, supports, services or residential and nursing care? And if income security turns out to be the answer to that question, then why via OAS, which is paid to 7 million Canadian seniors? Should it not instead be the Guaranteed Income Supplement (GIS), which is targeted towards to Canada’s 2.2 million lowest income seniors almost all of whom really do struggle to make ends meet?
Tags: budget, economy, poverty, Seniors
Posted in Social Security Policy Context | No Comments »
What’s behind Canada’s housing crisis? Experts break down the different factors at play
Friday, October 4th, 2024
The market is most likely to respond to the housing needs of those with strong purchasing power, leaving behind low and moderate income families whose housing needs cannot generate effective market demand. The consequence is growing housing inequality, with many low-income families trapped in precarious living conditions… De-commodifying and de-financializing housing is key. This means expanding community housing, prioritizing community-based solutions and ensuring long-term security for all.
Tags: economy, homelessness, housing, ideology, jurisdiction, privatization
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Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal
Monday, September 30th, 2024
Ideologically, the U.S. is no longer the free-trade champion it was… concessions are highly unlikely to convince the U.S. — regardless of which party is in power — to surrender the most potent weapon it has in its arsenal to pressure its neighbours to adopt its preferred policies. Policy reform, simply put, leads to U.S. market access… The 2018 CUSMA didn’t preserve free trade in North America. It signalled its demise and the return of power politics to our most important economic relationship.
Tags: economy, globalization, ideology, jurisdiction
Posted in Policy Context | No Comments »
The hard truths Mark Carney’s economic turnaround plan must address
Sunday, September 29th, 2024
… trade barriers among provinces and territories reduce economic activity by as much as $200 billion per year. And lack of harmonization of rules, regulations and standards among jurisdictions stunts economic and productivity growth, elevates consumer prices, restricts labour mobility and slows the pace of new housing construction… Restoring the federal portion of the GST to its original seven per cent would generate about $28 billion in government revenues in 2028-29… equal to almost three-quarters of this year’s projected federal deficit.
Tags: economy, pensions, Seniors, tax
Posted in Debates | 1 Comment »
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