Posts Tagged ‘tax’
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To revive Canada’s economy, reward those who pitch in
The new advisory council is being asked to recommend ways that Canada can… “create the long-term conditions for economic growth.”… private enterprises deserve a strong foundation built on social licence… ventures that make a contribution to society should be granted special privileges… The proposal would temporarily “socialize” private-sector gains by keeping them at work creating jobs and wealth, and enhancing government revenues.
Tags: economy, featured, ideology, privatization, standard of living, tax
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Some Implications of the Liberal Government’s Tax Changes
While the tax reduction was touted as a tax benefit for the ‘middle class,’ the maximum benefit of $679 also extends to every taxpayer with a taxable income greater than $90,563. One quick fix is to increase the marginal tax rate in the 26 percent tax bracket by 1 percentage point, to 27 percent… lower-income Canadians who are excluded from the tax reduction are slated to benefit from the planned increases in child benefits. But the proposed increases in child benefits are greater for middle-income than lower-income families.
Tags: budget, featured, ideology, tax
Posted in Equality Debates | No Comments »
Does Canada really need $16 billion in business subsidies?
While small businesses do create most jobs in Canada, the contribution comes from a surprisingly small share of small businesses… the overwhelming majority of small businesses start small and stay small, or exit. That makes the small business deduction, which provides support for investment by all small businesses (at a cost of $3 billion in 2013), wasteful, since most of the benefits are received by firms that do not grow…
Tags: budget, economy, ideology, tax
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Taxing the rich
… what role does state-sponsored welfare play when the rich refuse to provide employees with enough hours or wages to make a living, and dump the shortcomings in an acceptable living standard onto taxpayers? Stop whacking the rich? Give me a break. / The existence of the one per cent is the trigger for the globalization of illiteracy, unemployment and poverty particularly among the young. Tax the wealthy, by all means.
Tags: budget, economy, featured, ideology, rights, standard of living, tax
Posted in Equality Debates | No Comments »
The High Cost of Getting Ahead: How Effective Tax Rates Affect Work Decisions by Lower-Income Families
Secondary earners in low-income families, usually the mother, face punishingly high tax burdens, according to the latest report from the C.D. Howe Institute. In “The High Cost of Getting Ahead: How Effective Tax Rates Affect Work Decisions by Lower-Income Families,” author Alexandre Laurin finds that various federal and provincial government benefit programs, once they are clawed back with income, act like hidden tax rates, reducing the gains from work.
Tags: economy, featured, ideology, jurisdiction, standard of living, tax, women
Posted in Equality Debates | No Comments »
Why equalization no longer works
… in 2017, Ontario could shake off its status as a “have not” province for the first time since 2009, losing almost $3 billion in equalization payments. This is not because Ontario is doing well fiscally. Rather, the resource economies of Alberta, Newfoundland and Labrador and Saskatchewan are reeling. At the same time, these resource-based provinces will likely be aggrieved that the three-year weighted average calculation of fiscal capacity does not fully take account of their current financial pain
Tags: budget, economy, featured, ideology, jurisdiction, standard of living, tax
Posted in Governance Policy Context | No Comments »
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