Canada is at a huge disadvantage for attracting and retaining those we rely on for innovation, employment growth and prosperity
By Jake Fuss and Milagros Palacios The Fraser Institute Over the last few years, the federal government and many provincial counterparts have weakened incentives for entrepreneurs by raising personal income taxes. This budget season provides an opportunity to reverse this trend and introduce tax policies to attract, encourage and retain entrepreneurs. The process should start…
The government must apply the brakes on spending in the spring budget and focus on deficit reduction
By Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence – the ability of the government to balance its budget and manage the finances of the country responsibly – is an increasing concern for Canadians. According to a recent Nanos poll, a majority of Canadians favour balancing the federal budget more than…
But much of the justification for expanding the pension plan is debatable or downright wrong
By Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Canadians likely noticed that their first paycheque of 2019 was slightly smaller than in 2018, even if they got a raise. The decline in after-tax income is because the first of several tax increases to finance an expanded Canada Pension Plan (CPP) took effect…
Increasing the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases
By Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute Fiscal prudence is a key aspect of any prime minister’s legacy. The choice to increase the size and role of government almost always comes with larger deficits, mounting debt and/or tax increases. Unfortunately, the federal government under Prime Minister Justin Trudeau has ignored these…
We’ve lost our tax advantage over the U.S. and our regulatory processes have become far too onerous
By Jake Fuss, Milagros Palacios and Jason Clemens The Fraser Institute In the classic Aesop's Fable, a slow-moving tortoise challenges a self-assured hare to a race. Immediately, the hare jumps out in front and becomes overconfident. He naps halfway through the race and wakes up to find his competitor passing him. When it comes to…
The federal government's fiscal plan is a dismal failure. Prime Minister Trudeau must repair it before next year’s election
By Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute The next federal election is less than a year away. A lingering issue for the government, in particular Prime Minister Justin Trudeau and Minister of Finance Bill Morneau, is their ability to soundly manage the country’s finances. While much of the attention has rightly…
Growing federal deficits, aging population put extraordinary pressure on Canada’s growth potential
By Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Two fiscal freight trains are hurtling towards the finances of the federal government, threatening the country’s economic well-being and thus the economic prospects of average Canadians. One of these freight trains – deficits – was purposeful. The other – demographics – has been known…
635,000 Canadian jobs, $85 billion in GDP and $20 billion in government revenue could be at risk
By Jake Fuss and Jason Clemens The Fraser Institute In professional sports, when a championship-calibre team adds another star player in the offseason, it has the potential to affect the level of competitiveness in the entire league. Tax changes can act in a similar way: when the United States implemented its tax reform policies in…
By Jake Fuss and Milagros Palacios The Fraser Institute Over the last few years, the federal government and many provincial counterparts have weakened incentives for entrepreneurs by raising personal income taxes. This budget season provides an opportunity to reverse this trend and introduce tax policies to attract, encourage and retain entrepreneurs. The process should start…
