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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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Federal income tax rate reduction could help create 110,000 new private sector jobs in Canada
Will Cutting Income Taxes Create Jobs for Canadians? is a new study that finds if the federal government reduced the top personal income tax rate from 33 per cent back down to 29 per cent (the rate before the 2016 tax hike), it would facilitate the creation of approximately 110,000 private-sector jobs the following year.
Read More [[link removed]]
Medical wait times cost Canadian patients over $2 billion in lost wages before COVID-19
The Private Cost of Public Queues for Medically Necessary Care, 2021 is a new study that finds long waits for surgery and medical treatment cost Canadians almost $2.8 billion in lost wages and productivity last year. Crucially, the total median wait time in Canada for medical treatment was 22.6 weeks in 2020 - the longest in the survey’s 30-year history.
Read More [[link removed]]
Federal Budget 2021
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Federal Budget 2021—a preview of what you won’t see [[link removed]]
by Livio Di Matteo
At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7.
Trudeau vs. Biden—transparency and budget honesty [[link removed]]
by Jason Clemens and Niels Veldhuis
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects.
Spending reductions—not tax increases—key to economic recovery and budget balance [[link removed]]
by Alex Whalen and Jake Fuss
According to current projections, the federal government will not balance the budget until 2050.
Interest on federal debt—a growing problem [[link removed]]
by Jake Fuss and Ben Eisen
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
Trudeau government weakened Canada’s economy well before COVID-19 [[link removed]] (Appeared in the Edmonton Journal)
by Jason Clemens and Jake Fuss
The government offset the benefits of the lower tax rate by eliminating tax credits.
Commentary and Blog Posts
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Math scores falling across Canada, particularly in the Prairies [[link removed]]
(Appeared in the National Post) by Derek J. Allison
Quebec outperformed all other provinces, with Saskatchewan and Manitoba performing the worst.
A new twist on the carbon tax? [[link removed]]
by Kenneth P. Green
The plan includes a “carbon price” between $20 per tonne and $50 per tonne on fuels.
Advocates of universal basic income ignore enormous price tag [[link removed]]
(Appeared in the Ottawa Sun) by Jake Fuss
A basic income program will disincentivize work and may not alleviate poverty.
Trudeau carbon tax hike will hammer New Brunswick economy [[link removed]]
(Appeared in National Newswatch) by Alex Whalen and Elmira Aliakbari
A $170 per tonne carbon tax will cost the province an estimated 2,200 jobs.
Federal ‘net-zero’ target puts crosshairs on oil and gas workers [[link removed]]
(Appeared in the Calgary Sun) by Robert P. Murphy
A new study estimates that up to 450,000 oil and gas jobs are at risk.
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