Posts Tagged ‘tax’

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Finance department assailed by AG for lack of tax monitoring

Wednesday, April 29th, 2015

Finance does provide an annual Tax Expenditures and Evaluations report but the auditor said it falls short of information supplied in such other countries as Australia and France, where the future cost of expenditures, the administrative expense and the number of beneficiaries are included. There is no requirement to table the report in the House of Commons… As worrying as the lack of parliamentary oversight is the lack of systemic evaluation of particular tax credits.

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You paid for these ads

Wednesday, April 29th, 2015

… the government has booked a $13.5 million media blitz promoting the budget, even though many of its details were leaked in advance, and were extensively reported in the media before and after the budget. Some were announced publicly as long ago the 2011 election… the Government Advertising Act introduced in Ontario in 2004… gives the province’s Auditor General the authority to approve ads before they are made public… It should be copied everywhere.

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Harper is not funding science, he’s subsidizing business

Tuesday, April 28th, 2015

It’s not just that the amounts invested are paltry, but the new money that is there tends to be directed at specific projects… what we have is a government that can’t stop talking about the importance of innovation, surreptitiously rolling back on its commitment to scientific innovation… Mr. Harper’s government is micromanaging research dollars so that it can use universities/colleges as surrogates for industrial research.

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The 2015 Deficit-of-Ideas Budget

Monday, April 27th, 2015

Budget 2015 is a wide-ranging document with a few good ideas, but not much for key social policy measures such as child benefits, which took the wrong route. Income splitting, enhancement of the Universal Child Care Benefit and boosting the Child Care Expense Deduction will be a waste of money. They represent a substantial bleeding of scarce funds that could be spent on the real challenges facing Canada, especially poverty and inequality.

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Mulcair, Trudeau are far from boxed in by Harper’s budget agenda

Monday, April 27th, 2015

… despite the Tories’ best efforts the coffers have not been drained… Despite the slump in oil revenues, Ottawa still expects to rack up a cumulative surplus of $13 billion over the next five years… Moreover, there’s an additional $12 billion-plus in savings to be found by cancelling the Family Tax Cut, the income-splitting program that will disproportionately benefit the wealthiest… $33 billion over five years to reinvest in more progressive programs

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Modest help for the poor in Ontario’s budget

Monday, April 27th, 2015

… 40 per cent of welfare recipients with partners or children will lose ground to inflation… The budget contained no assistance for municipalities struggling to meet the burgeoning demand for affordable housing. Nor did it provide funds to fix the deteriorating social housing it downloaded onto cities a decade ago… nothing to low-income parents who need subsidized child-care. This excludes single mothers from the workforce until their children start school.

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Ontario Budget 2015 – throwing everything but infrastructure under the bus.

Sunday, April 26th, 2015

You’d never know from reading this budget that there is a growing consensus that Ontario’s fiscal problems are on the revenue side, not the expenditure side. There’s nothing in the budget to address either the current revenue gap, or the prospect of Federal health funding cuts that will make that gap even wider… that Ontario’s investment in child care lags far behind that of Quebec… that Ontario’s investment in elementary and secondary education on a per-student basis lags behind that of competitor jurisdictions in the United States… [or] that Ontario’s investment per student in post-secondary education is the lowest in Canada.

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Next PEI Premier to Promote BIG!

Saturday, April 25th, 2015

It is welcome news that the next Premier of Prince Edward Island is committed to exploring a Basic Income Guarantee (BIG) program for Island citizens. It is understood that this will be in the form of a demonstration project of at least five-to-seven years. During the Leaders’ Forum on Women’s Issues held April 14, 2015, at Holland College, each one of the party leaders endorsed a Basic Income Guarantee program as a poverty reduction strategy.

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Five reasons why the Ontario budget is credible

Saturday, April 25th, 2015

It is not so much the $10.5-billion deficit for the fiscal year just ended, but the surge in the ratio of net debt to the size of the economy from 26.2 to 39.4 per cent over the past seven years. The situation cries for a credible plan to restore fiscal balance. For the first time, this budget presents one… The 2012 commission saw tremendous potential for extracting savings while maintaining and even improving the quality of services by changing the way they were being delivered.

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Please don’t hate me, I’m a senior

Saturday, April 25th, 2015

Canadian senior citizens are among the most affluent people in the world. Fewer than 5 per cent of seniors live below the poverty line – one-third the rate of children who do… we’re way, way better off than the struggling 30-year-olds who will never enjoy the job security, the pension plans, and the high house prices and stock returns with which we’ve been blessed… So when budget time comes around, who gets the goodies? We do!

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