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FRASER UPDATE
A weekly digest of our latest research and commentaries
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Latest Research
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GDP growth rates—when not adjusted for population— provide misleading picture of Canadian economy
GDP Growth Unadjusted for Population Change—a Misleading Measure of Canada’s Economic Progress finds that due to large differences in population growth among developed countries, and Canada’s recent immigration-fuelled population surge, it’s now more useful to use per-person GDP to measure economic performance instead of overall GDP growth.
Read More [[link removed]]
Across all income levels, Canadians pay higher personal income taxes than Americans
Canada’s Rising Personal Tax Rates and Falling Tax Competitiveness, 2024 is a new study that finds recent personal income tax rate increases at the federal and provincial levels have helped widen the income tax rate gap between the U.S. and Canada—among all 61 provinces and states, at $50,000 of annual income, the top 10 highest combined (federal plus provincial/state) personal income tax rates are in nine Canadian provinces—with all provinces in the top 15.
Read More [[link removed]]
Reforming the Canada Health Act key to provinces providing better universal health care to patients
Time To Reform the Canada Health Act is a new essay, part of the Institute’s series on federal policy reforms, that highlights how the act has led to poor performance and high costs in provincial health-care systems, and suggests reforms that would allow the provinces to provide better universal health care.
Read More [[link removed]]
Realities of Socialism Mini-Documentaries
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The Reality of Socialism: Estonia | Mini-Documentary [[link removed]]
The Wall St. Journal’s Mary O’Grady, along with authors Matthew Mitchell and Peter Boettke, explore the reality of Soviet socialism in Estonia. After waves of successive invasions from East and West, the small and fledgling country on the Baltic Sea was dragooned into the Soviet Union in 1940. There its people were trapped in brutal, often tragic conditions for five decades. Eventually, following a mostly-peaceful revolution, Estonians regained their freedom and reformed their nation quickly to become one of the freest nations on earth. This video is part of a new multimedia project, The Realities of Socialism, by the Fraser Institute in Canada, the Institute of Economic Affairs in the UK, the Institute of Public Affairs in Australia and the Fund for American Studies in the U.S.
Commentary and Blog Posts
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Federal government should cut taxes in upcoming budget to spur economic growth [[link removed]]
(Appeared in the Toronto Sun) by Jake Fuss and Milagros Palacios
From 2013 to 2022, per-person economic growth—a broad measure of living standards—was at its lowest rate since the Great Depression.
Ottawa touts wait lists for dysfunctional child-care program [[link removed]]
(Appeared in the Financial Post) by Matthew Lau
Only public and non-profit providers have access to the billions in government grants.
B.C. government maintains high tax rates despite prosperity gap in region [[link removed]]
(Appeared in the Vancouver Sun) by Jake Fuss and Grady Munro
The province had the fourth-highest top combined income tax rate among 61 Canadian and U.S. jurisdictions.
Bank of Canada missteps helped fuel today's inflation [[link removed]]
by Herbert Grubel and John Greenwood
In recent decades, central banks have fought inflation using interest rates instead of monetary growth.
Federal government should tackle Canada’s productivity crisis in upcoming budget [[link removed]]
(Appeared in the Edmonton Sun) by Jock Finlayson
When per-person GDP increases by 2 per cent a year, average income doubles within 35 years.
Newfoundland and Labrador must improve policies to tap oil and gas potential [[link removed]]
(Appeared in the St. John's Telegram) by Julio Mejía and Alex Whalen
Investment in the province’s oil and gas sector plummeted from $4.9 billion in 2014 to $1.2 billion in 2023.
It’s time for an honest conversation about the costs of new federal programs [[link removed]]
by Jake Fuss and Grady Munro
Support for government-funded pharmacare, dental care and daycare plummeted to well below 50 per cent if the programs are paid for by tax hikes.
Alberta government should finally restore province’s tax advantage [[link removed]]
(Appeared in the Western Standard) by Grady Munro, Jake Fuss, and Tegan Hill
The province last year had the 10th-highest top combined income tax rate among 61 North American jurisdictions.
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