Posts Tagged ‘tax’

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Ontario voters should back NDP to stop Doug Ford

Friday, June 1st, 2018

The NDP plan isn’t perfect; for example, we prefer the Liberals’ approach to child care. But overall it’s a program that would maintain Ontario’s progress toward a fairer and more prosperous society… The next government needs to pay greater attention to getting the province’s finances in order; we can’t assume the relatively good economic times will continue indefinitely… the majority of people in this province are fundamentally progressive. They want, and deserve, a government committed to openness, inclusivity and making sure our prosperity is more widely shared.

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Two worlds collide [Ontario Election 2018]

Friday, May 18th, 2018

… governments that are afraid to raise taxes have two choices—go into deficit or sell off public assets. Part of Wynne’s unpopularity rests on this fundamental dilemma. She decided to both go into deficit and sell off public assets, namely the province’s majority shares in Hydro One. Outrageously high hydro bills ensued and Wynne is having trouble living that down… The moral of the story is that activist premiers may be capable of moving the needle on key social policies, but unless they’re equally progressive on the revenue side of the equation, it’s hard to strike a true balance.

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Ignore the gossip and guesswork. The facts prove that Canada’s competitive

Wednesday, May 9th, 2018

… it will require all of us to take a broad view of what competitiveness means. Yes, that means taking a look at tax rules. But competitiveness rests on so much more than that — from workforce participation to skilled workers to modern infrastructure to science and innovation to global trade… I also believe in making decisions based on the facts, and the fact is that Canada remains one of the best places in the world to start, grow, and invest in a business.

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Ontario’s spending and debt are not sustainable

Wednesday, May 9th, 2018

… it’s really the complex government programs that cost us the most; $8 billion on eHealth, $37 billion on above market rates for renewable power, or the $93 billion Fair Hydro Plan designed to fix the high hydro rates caused by the Green Energy Act. Since 1997, the number of government employees has grown by 403,100, or 43.1 per cent… With bigger bureaucracies come bigger government plans, which means more government waste, paid for with higher taxes on the population.

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Offshore tax havens set to overtake Canada in corporate transparency

Monday, May 7th, 2018

Britain’s House of Commons passed legislation that will lift generations of corporate secrecy in its offshore territories by compelling company owners registered on the islands to reveal themselves in public databases. That kind of transparency is only an idea in Canada, where corporate owners can mask their identity behind lawyers and “figurehead” directors. There is no requirement for real company owners — or “beneficial” owners — to list their names in provincial or federal registries.

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Guaranteed not-even-low income a leap in the dark

Tuesday, April 24th, 2018

… who but a monster would balk at paying a measly three extra points to end poverty? … On the other hand, if $17,000 a year still sounds a lot like poverty to you… the basic personal exemption on federal income tax forms is just $11,809 this year. Before we hurl ourselves headlong at a new social program of a relatively untested nature, maybe we could explicitly just stop taxing the poor first?

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Pitfalls for Ford’s mimimum wage tax-break plan

Sunday, April 22nd, 2018

The first issue is who will benefit. Is it only minimum-wage workers, or will it include part-time workers with the same annual earnings? What about those who make slightly more than the minimum wage? This is an important detail, as poorly designed policy can make taxpayers face what is known by economists as the welfare cliff… A simpler way is to raise the basic minimum exemption (the amount every person isn’t taxed on) to what an average minimum wage worker earns.

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Universal pharmacare the right prescription for Canada

Friday, April 20th, 2018

the Parliamentary Budget Office calculates that while universal pharmacare would cost governments $7 billion annually, it would provide Canadians on the whole with net savings of $8.1 billion a year.
To put it another way, any increase in taxes attributable to pharmacare would be more than compensated for by out-of-pocket savings… perhaps this report is a sign that, finally, this eminently sensible idea is gaining political traction in Ottawa.

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More talk about universal pharmacare in Canada, but still no action

Friday, April 20th, 2018

Since the Royal Commission on Health Services issued its recommendations on reforming still wet-behind-the-ears medicare in 1964, there have been dozens upon dozens of earnest reports, each saying more or less the same thing and each greeted with bons mots, then dutifully filed on a dusty shelf… The report from the House of Commons Standing Committee on Health, predictably, called for Canada’s patchwork of private and public drug plans to be replaced with a national single-payer pharmacare system.

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Three points on the GST, to end poverty? Guaranteed income sounds like a good deal

Thursday, April 19th, 2018

The income guarantee in the Ontario Basic Income Pilot, the province notes, is set at 75 per cent of Statistics Canada’s Low Income Measure; combined with “other broadly available tax credits and benefits,” it would be enough to pay for basic household needs. Indeed, it is not far off the low income thresholds defined by StatsCan’s Market Basket Measure. Three points on the GST, to end poverty. I can’t think of a better way to spend public funds.

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