From Fraser Institute <[email protected]>
Subject Canada's federal debt, and A primer on economic freedom
Date September 21, 2024 5:00 PM
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Having trouble viewing? Try the web version [link removed] of this email. Latest Research If Canadian families spent and borrowed like the federal government, they would be $427,759 in debt [[link removed]]

Understanding the Scale of Canada’s Federal Deficit finds that continuous annual borrowing by Ottawa to finance increased spending has driven federal total debt up to an expected 69.8 per cent of the economy or $2.1 trillion in 2024/25—and analyzes how in debt Canadian families would be if they spent and borrowed the same way.

Read More [[link removed]] [[link removed]] People living in the most economically-free countries earn 7 times more money, live 16 years longer, than in the least-free countries [[link removed]]

Economic Freedom: What Is It? How Is It Measured? And How Does It Affect Our Lives? finds that higher levels of economic freedom lead to much higher incomes and much better health.

Read More [[link removed]] Commentary and Blog Posts High taxes hurt Canada’s ability to attract talent [[link removed]] (Appeared in the Ottawa Sun) by Alex Whalen and Jake Fuss

High-skilled workers in Ontario face a marginal tax rate at least 11 percentage points higher than the median U.S. state.

Child care in B.C.—long on government proclamations, short on spaces [[link removed]] (Appeared in the Vancouver Province) by Matthew Lau

Eighty-four per cent of parents with young children agreed that long wait lists remain a problem in the province.

Ottawa’s emissions cap will impose massive costs with virtually no benefit [[link removed]] (Appeared in the Calgary Sun) by Julio Mejía and Elmira Aliakbari

The cap will cost Alberta an estimated 70,000 jobs.

Ford government continues irresponsible fiscal management in Ontario [[link removed]] by Jake Fuss and Grady Munro

In 2023/24, the province's net debt reached $408 billion.

B.C. government’s record-breaking deficit even worse than it appears [[link removed]] (Appeared in True North) by Ben Eisen and Tegan Hill

Once you factor in capital spending, the province's debt increases by $18.9 billion this year.

Parliament should work toward budget balance for sake of Canadians [[link removed]] (Appeared in the Hub) by Jake Fuss and Grady Munro

Since 2015/16, federal gross debt has approximately doubled from $1.1 trillion to an expected $2.1 trillion this year.

Storm clouds may be brewing for Alberta’s finances [[link removed]] by Lennie Kaplan

Good fiscal planning is about making prudent choices.

Even Eby government will scrap B.C.’s poorly-designed carbon tax [[link removed]] by Tegan Hill and Elmira Aliakbari

To be cost-effective, carbon taxes must meet certain conditions.

All parties should promise policies that brighten New Brunswick’s economic future [[link removed]] (Appeared in the New Brunswick Telegraph-Journal) by Alex Whalen

The province's business income tax is tied for third-highest in Canada and is among the highest in North America.

Nova Scotia government follows ‘drunken sailor’ fiscal strategy [[link removed]] (Appeared in Macdonald Notebook) by Fred McMahon

In one year, the province's net debt grew by $780 million.

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