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FRASER UPDATE
A weekly digest of our latest research, commentary, and blog posts
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Latest Research
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Alberta’s net contribution to Ottawa—more than $94 billion—dwarfed contributions from other provinces in recent years
A Friend in Need: How Albertans Continue to Keep Federal Finances Afloat, 2020 finds that from 2014 to 2018, Alberta’s net contribution to federal finances was $94.9 billion, by far the largest contribution from any province during that time period. Crucially, Ontario’s net contribution was $58.3 billion, but it’s population in 2018 was more than three times larger than Alberta’s. British Columbia was the only other net contributing province ($29.6 billion) during that time, meaning every other province received more from Ottawa than it sent to Ottawa.
Read More [[link removed]]
Governments across Canada must reduce spending post-recession
Total provincial government deficits will reach an estimated $63.0 billion this year.
Read More [[link removed]]
Commentary and Blog Posts
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Misinformation clouds reignited debate over guaranteed basic income [[link removed]]
(Appeared in the National Post) by Jason Clemens, Jake Fuss, Niels Veldhuis, and Milagros Palacios
The federal deficit this year will reach an estimated $184.2 billion.
Tariffs not the answer for low oil prices [[link removed]] (Appeared in the Toronto Sun) by Robert P. Murphy
You don’t make your country richer by imposing taxes on your consumers.
Canada still relies on its wounded golden goose ([link removed])
(Appeared in the Calgary Sun) by Ben Eisen and Steve Lafleur
Without Alberta’s net contributions, Canada would have racked up upwards of $100 billion more debt since 2014.
Some much-needed perspective on COVID infection and death rates [[link removed]]
by Herbert Grubel
Singapore's COVID-related deaths equal 0.0002 per cent of that country's population.
Taxpayers likely to feel city hall’s COVID cash crunch [[link removed]]
by Livio Di Matteo
Less permit fee and land transfer tax revenue is driving Toronto’s overall revenue drop.
Albertans can’t bet on another ride on the resource revenue roller-coaster [[link removed]]
by Steve Lafleur
Non-renewable resource revenue accounted for up to 27 per cent of total provincial government revenue.
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