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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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May 24 is Tax Freedom Day—but there’s no reason to celebrate
This year, Tax Freedom Day is Monday, May 24. If you had to pay all your federal, provincial and municipal taxes up front, you would give government every dollar you earned from January 1st to Tax Freedom Day, when Canadians finally start working for themselves. In 2021, the average Canadian family (with two or more people) will pay 39.1 per cent of its annual income in taxes, including income taxes, payroll taxes, health taxes, sales taxes, property taxes, fuel taxes, carbon taxes and more.
Read More [[link removed]]
Continued financing of government debt by the Bank of Canada poses significant economic risks
A Primer on Modern Monetary Theory is a new study that finds that if the Bank of Canada continues to finance government debt by printing money without a clear commitment to repayment—also known as Modern Monetary Theory (MMT)—it would pose enormous risks to the Canadian economy. Where MMT has been tried in the past, it has resulted in inflation, sometimes even hyper-inflation, with devastating consequences for domestic economies.
Read More [[link removed]]
Commentary and Blog Posts
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Hospital reform would improve care for Canadian patients [[link removed]]
(Appeared in the Toronto Sun) by Nadeem Esmail
Our current system disconnects funding from the volume and quality of services.
Federal government’s new ‘green’ program will produce little environmental benefit [[link removed]]
(Appeared in the Calgary Sun) by Matthew Lau
At least $150 million of the $1.5 billion has been earmarked for Indigenous applicants only.
Ontario among region’s poorest jurisdictions [[link removed]]
by Ben Eisen
Michigan’s per capita GDP was $3,911 higher than Ontario's.
B.C. government’s $2 billion building plan won’t solve Vancouver’s housing affordability crisis [[link removed]]
by Steve Lafleur
The Horgan government plans to build 9,000 housing units for middle-income earners.
Post-COVID housing squeeze will hurt lower-income residents [[link removed]]
(Appeared in the National Newswatch) by Steve Lafleur
In the Greater Toronto Area, the detached housing market is hot while the market for apartments and condos is not.
Reality check—the dangers of debt accumulation [[link removed]]
by Fred McMahon
Canada's total government debt now equals 107 per cent of GDP.
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