Posts Tagged ‘tax’
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The other Canadian anniversary: 100 years of income tax
The one constant in all of this change is growing revenue from the personal income tax. In terms of per-person federal personal income taxes, the burden has increased from roughly $14 a person in 1918 (in 2016 dollars) to roughly $4,120 in 2017, an almost 300-fold increase.
Tags: budget, economy, ideology, tax
Posted in Governance History | No Comments »
Reverse tax cuts to fund health care
When was the last year you remember that there weren’t any cuts to hospitals and health care, education, pools, rinks and all other public-sector services, not to mention the infrastructure deficit with our sewers, water, roads, bridges and hydro system? How much of the federal deficit, since 1981, has been caused by corporate tax cuts and tax cuts that mostly went to the top one per cent?
Tags: budget, economy, featured, Health, ideology, mental Health, standard of living, tax
Posted in Governance Debates | No Comments »
Radical tax reform is in the wind — here’s how to make it efficient and fair
The bedrock principle of an efficient tax system is neutrality: the system should neither reward nor penalize any particular thing or activity, but should rather apply as evenly and as uniformly as possible: tax everything, and tax it at the same rate… A personal consumption tax, and a corporate cash-flow tax, are essentially mirror images of each other. Together they would make a fine pair of reforms, addressing critical weaknesses in the present system without adding their own.
Tags: economy, featured, ideology, tax
Posted in Governance Policy Context | No Comments »
Up to 30 per cent of medical care Canadians receive is unnecessary: report
… unnecessary care creeps into the health-care system for a slew of reasons. Part of the problem is patients, armed with medical advice from the Internet, demanding cutting-edge tests and treatments… But the biggest contributor… is the way excessive care is “baked into” the health-care system, with hospitals relying on outdated forms that make tests automatic and doctors ordering procedures out of habit…
Tags: budget, economy, featured, Health, tax
Posted in Health Delivery System | No Comments »
The new Liberal budget will send money for ‘children’ right to the wealthy and the bureaucrats
Currently only about 15 per cent of Canadian children 0-5 are in daycare centres. Statistics Canada reports that higher-income families are more likely to use this arrangement. Taxpayers are funding higher-income families with huge subsidies for institutional child care at the expense of lower income families — including single parents — who prioritize parental child care… To efficiently fund child care we should fund children, not spaces and their massive related system costs. We could do this by increasing the federal government’s child benefit.
Tags: budget, child care, ideology, participation, poverty, tax, women
Posted in Child & Family Policy Context | No Comments »
Why Morneau got cold feet over ridding Canada of tax credits
To combat a structural problem requires a structural solution… First… An independent committee can be tasked with delivering a bundle of reforms to be accepted or rejected as a whole… Second, the process should deliver a clear and transparent benefit to all taxpayers… Third, any new tax measure should by law become subject to a mandatory review for effectiveness after a set number of years.
Tags: budget, economy, featured, ideology, tax
Posted in Governance Policy Context | No Comments »
Tax Fairness? Maybe Next Year, Say Liberals
Closing unfair and ineffective tax loopholes could have raised $16 billion. They failed to deliver, again, on their election promise to end the stock options deduction that gives almost a billion dollars to some of the richest people in Canada. They failed to make the tax system simpler or fairer… How long before regular taxpayers conclude that the promise of fair system was an empty one?
Tags: budget, economy, ideology, participation, privatization, tax
Posted in Governance Policy Context | No Comments »
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