Posts Tagged ‘tax’

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What ‘Bob from Calgary’ really meant when he posted his NYT comment

Friday, January 1st, 2016

… a great many individuals… are happy to pay taxes in order to ensure an equitable and well-run society. It’s a simple reiteration of the 1904 quote by the American Oliver Wendell Holmes: “Taxes are the price we pay for a civilized society.” A healthy capitalist system is founded on an understanding that both markets and governments can fail. Nuanced dialogue, analysis and engagement are critical to understanding what mix of government and free markets works to achieve the best outcomes.

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Posted in Governance Debates | No Comments »


How Ottawa can help families with disabilities

Wednesday, December 30th, 2015

According to a 2014 study, only about 15 per cent of eligible Canadians take part in the program, meaning almost half a million eligible people are losing out… Here are three quick ways the government can improve the RDSP: 1. Establish an RDSP automatically once an individual is eligible for Revenue Canada’s Disability Tax Credit… 2. Raise awareness and understanding of the RDSP program… 3. Allow other family members and friends to contribute to an RDSP.

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Posted in Child & Family Policy Context | No Comments »


Prospect of minimum income gaining steam as Canada clamours for new ways to manage welfare and benefits

Monday, December 28th, 2015

Unusually for an economic policy, guaranteed income is popular on the economic left and right, on libertarian grounds, or for efficiency or institutionalized fairness… For Canada, it would be unusually dramatic. But as official policy of the ruling party, it is set to get a serious hearing.

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Posted in Social Security Debates | No Comments »


‘Canada Is Back?’ Not Until Taxation Is Truly Fair Libs’ apparent willingness to chase corporate cheats only the first step.

Monday, December 28th, 2015

The government’s apparent willingness to go after tax cheats — corporate and individual — is good news. But this is just one step in terms of achieving tax justice and fairness, and in recovering the over $60 billion a year lost through tax cuts… Now that we have a government that says it believes in governing, the question of comprehensive progressive tax reform needs to be front and centre.

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Big Pharma Rewarded as Drug Prices Keep Soaring

Wednesday, December 23rd, 2015

Canadians pay significantly more for pharmaceutical drugs than consumers in many other developed countries and the promised increased investment in research and development has not materialized. Yet despite the costly state of affairs, the government is set to reward the industry with even stronger protections that will result in an extension of the higher prices.

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Posted in Health Debates | No Comments »


If pot is medicine, treat it that way

Tuesday, December 22nd, 2015

… some dispensaries are not bothering with the nudge-nudge-wink-wink of prescription and selling pot to anyone who will sign a waiver saying they need it for medical reasons… Criminal prohibition has not worked: It has proved costly and ineffective. Pot is less harmful than tobacco or alcohol, but it is not benign. The best approach to reducing harm is to replace criminalization with health-focused regulation… first and foremost, a government monopoly on sales of cannabis products.

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Posted in Health Debates | 4 Comments »


Why we must restore Parliament’s control of the public purse

Monday, December 21st, 2015

… the government’s accounts are so convoluted that even the experts are baffled… It is well nigh impossible for mere mortals to follow money… We need to take advantage of the new government’s platform commitment to transparency. It has promised positive changes to information laws, the release of costing documents on new proposals, consistent budget documents and a stronger parliamentary budget office.

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Public Servants ‘blow the whistle’ on tax system shortfalls

Tuesday, December 15th, 2015

“The picture that emerged was of an organization struggling to carry out its function in the face of government mismanagement. This includes major budget cuts, a poorly conceived restructuring effort, and targeting those who make tax filing mistakes rather than prioritizing big time tax cheats,”… politicians and lobbyists influence the agency’s operations, corporations successfully lobby to avoid prosecution, and there allegedly is political interference in audits to stop investigations.

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Posted in Governance Delivery System | No Comments »


Do corporate income tax rate cuts fuel growth, or just cash hoarding?

Wednesday, December 9th, 2015

The study also unearthed evidence indicating that corporate tax cuts actually depressed growth. By reducing rates, Canadian governments contributed to the increased income position of large firms. But rather than investing their enlarged earnings into expansionary industrial projects, Canada’s corporate sector hoarded cash on its balance sheet. The statistical relationship between the CIT rate and corporate cash hoarding is nearly perfectly and inversely correlated…

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Posted in Debates | 2 Comments »


Say goodbye to your $10,000 TFSA, but here’s why it’s not so bad

Wednesday, December 9th, 2015

The TFSA has proven to be popular with low-income Canadians who gain no real benefit from registered retirement savings plans, which are geared toward people with high marginal tax rates in their prime working years wanting to defer tax into the future, when they will have a lower marginal rate… TFSA… balances won’t be growing quite as quickly… [but there are] no plans to count withdrawals when it comes to income testing for programs like Old Age Security or the Guaranteed Income Supplement.

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