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Trudeau’s new tax package gets almost everything wrongBy: Ben Eisen and Jake FussRecently, Prime Minister Justin Trudeau announced several short-term initiatives related to tax policy. Most notably, the package includes a two-month GST holiday on certain items and a one-time $250 cheque that will be sent to all Canadians with incomes under $150,000. Trump’s tariff threats and what to do about themBy: Steven Globerman and Jock FinlaysonPresident-elect Donald Trump’s threat to impose a 25 per cent tariff on all imported products coming into the United States from Mexico and Canada has justifiably alarmed Canadian policymakers and business leaders. Government job-growth rate in Canada vastly outstrips private sector(Appeared in the Toronto Sun) By: Ben Eisen and Milagros PalaciosAcross Canada, government employment has exploded, dwarfing job-growth numbers in the private sector and raising serious questions about the affordability of this government hiring spree. Tax reform would provide much-needed boost for Canada’s stagnant economyBy: Jake Fuss and Grady MunroAs stagnant economic growth and declining living standards become increasingly salient, it’s clear that governments across the country must change their approach. Alberta government’s AIMCo shakeup could mean government control of pension fund assets(Appeared in the Globe and Mail) By: Steven Globerman and Tegan HillAlberta Finance Minister Nate Horner on Wednesday officially appointed a new board of directors for AIMCo, the $169 billion asset manager, which handles the Alberta Heritage Savings Trust Fund and several public pensions including the Alberta Teachers’ Retirement Fund. Nova Scotia government doles out corporate welfare while taxpayers pay the bill(Appeared in the Macdonald Notebook) By: Fred McMahonThe golden rule of a fair tax system is that those in equal situations pay equal taxes. That’s not the way it works in Nova Scotia. Dismal economic growth prospects should raise alarm bells in P.E.I.(Appeared in the Charlottetown Guardian) By: Alex WhalenAccording to a recent study, Canada ranked third-last among 30 high-income OECD countries for growth in per-person GDP, a common measure of prosperity and living standards, from 2014 to 2022 (the latest year of available data). Alberta’s fiscal update projects budget surplus, but fiscal fortunes could quickly turnBy: Tegan HillAccording to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits. UN climate conference—it’s all about money(Appeared in True North) By: Kenneth P. GreenEvery year, the United Nations convenes a Conferences of Parties to set the world’s agenda to reduce greenhouse gas (GHG) emissions. Global fossil fuel use rising despite UN proclamations(Appeared in the National Post) By: Julio Mejía and Elmira AliakbariAt the Conference of the Parties (COP29) in Azerbaijan, António Guterres, the United Nations Secretary-General, last week called for a global net-zero carbon footprint by 2050, which requires a “fossil fuel phase-out” and “deep decarbonization across the entire value chain.” Understanding the necessity of economic growth(Appeared in the Financial Post) By: Philip CrossOxford economics professor Daniel Susskind’s recent book, Growth: A History and A Reckoning, underscores both the historical novelty of the concept of sustained economic growth and why democratic capitalism needs it to continue to be a priority. Onetime ‘tax rebates’—a bad idea for many reasons(Appeared in the Toronto Sun) By: Ben Eisen and Jake FussThe holidays are around the corner, which usually means that young people can look forward to presents from their elders. Canada should heed Germany’s destructive climate policies(Appeared in the Edmonton Sun) By: Kenneth P. GreenAccording to a recent report in the Wall Street Journal (WSJ), Germany’s climate policies—chasing after “net-zero” greenhouse gas emissions, aggressive electric vehicle sales mandates, and moving electricity production away from fossil fuels to renewable sources such as wind and solar—has imperiled Germany’s massive auto-sector, the central pillar of its economy. Trump ‘tariffs’ threat should hasten trade liberalization among provinces(Appeared in The Hill Times) By: Jake Fuss and Grady MunroTo much fanfare, President-elect Donald Trump has threatened to impose a 25 per cent tariff on all imported products coming into the United States from Canada. |
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