Federal budget spends more on everything with no plan to pay for it

The Trudeau government has set Canada on a path to fiscal destruction

Federal budget spends more on everything with no plan to pay for itBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.” If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget…

O’Toole set to break carbon-tax pledge

Would you prefer cash back under the Trudeau model or O’Toole bucks towards buying a solar-powered e-bike?

O’Toole set to break carbon-tax pledgeConservative Party leader Erin O’Toole is set to lose the trust of millions of Canadians and betray hard-working taxpayers by embracing carbon taxes. The Conservative Party has long promised to repeal Prime Minister Justin Trudeau’s federal carbon tax mandate immediately after forming a government. Former Conservative Party leader Andrew Scheer’s promise to repeal the carbon…

B.C. budget must be prudent

Provincial debt is more than $75 billion, and it’s increasing by $100 per second

B.C. budget must be prudentBritish Columbia’s last budget feels like something from a distant, pre-pandemic past. Now the province’s throne speech gives a little glance into the future budget. And if we’re going to get back to balanced budgets, we’re going to have to go faster than Marty McFly to fix our finances in the future. Back in the…

Economic stimulus should come from taxpayers, not governments

Canadian politicians insist that massive government spending is needed to bring the economy back to life. But they’re dead wrong

Economic stimulus should come from taxpayers, not governmentsCanadian politicians at every level continue to insist that massive government spending is needed to bring the Canadian economy back to life. But they’re dead wrong. Politicians can help our economy. But not with more wasteful spending. Instead, they should let us keep more of our own money. Federal Finance Minister Chrystia Freeland has argued…

Can the federal budget put real economic building blocks in place?

But don’t bet on seeing a balanced budget, let alone one in surplus

Can the federal budget put real economic building blocks in place?For the first time in more than two years, the federal government is bringing down a budget today (April 19). So let’s look at what the budget should do to best serve Canada, its people and our economy. The first function of any budget is to compare expected income and expenditures. In a balanced budget,…

In Budget 2021, feds needs to get runaway spending under control

Will she put Canada back on the road to fiscal reality or double-down on sky-high spending?

In Budget 2021, feds needs to get runaway spending under controlAs Canadians wait to see just what will be in the first federal budget in more than two years, this much is certain: that the amount of red ink will surge past any other deficit records in Canada’s modern history. What’s less certain is whether Finance Minister Chrystia Freeland plans to put Canada on a…

Federal carbon tax hike will hammer New Brunswick economy

Job losses and economic contraction will be substantial

Federal carbon tax hike will hammer New Brunswick economyBy Alex Whalen and Elmira Aliakbari The Fraser Institute As the New Brunswick economy emerges from the COVID-19 pandemic and recession, the federal government’s new plan to raise its carbon tax will have major economic consequences for the province. Under the federal Greenhouse Gas Pollution Pricing Act, the original plan was to raise the carbon…

Canadians facing rising food security challenges

Because of rising housing prices

Canadians facing rising food security challengesThe two necessities in life are food and shelter. It looks like both are getting much more expensive. For a few years, the cost of food has been the most important food affordability barrier. Not anymore. The cost of housing is now seen by Canadians as the most significant barrier. A recent poll conducted by…

Why we need to make room for alternative lenders

Crackdowns fail to recognize that alternative lenders are the last hope for Canadians shut out of the traditional lending market

Why we need to make room for alternative lendersThe media often portray alternative lenders as slippery, unethical loan sharks who exploit the poor. When targeting the sector and not just a few bad apples, such stories are easy, cheap hit jobs. New Brunswick Sen. Pierrette Ringuette, for example, recently described alternative loans to CBC Marketplace as “an abusive financial process that needs to…

Carbon tax will cost British Columbians more

Think you can avoid the carbon tax by riding your bike? Think again

Carbon tax will cost British Columbians moreBritish Columbians are now paying even more to heat, eat and drive to work. Prime Minister Justin Trudeau's most recent carbon tax hike has found a willing follower in British Columbia Premier John Horgan. When Team Trudeau was fighting against several provinces at the Supreme Court of Canada, saying he should be able to impose…

Alberta public sector pampered, while taxpayers suffer

So much for being in this together

Alberta public sector pampered, while taxpayers sufferAlbertans are enduring a tale of two downturns during COVID-19. There’s the very real downturn full of private-sector pain. Then there’s the experience of government employees who have largely been shielded from the downturn. Over the last year, 76,600 private-sector jobs vanished in Alberta, while 5,600 government jobs were added. Since the beginning of 2015,…

Ballooning sunshine list a slap in the face to taxpayers

A 10% pay cut for all sunshine listers would save beleaguered taxpayers more than $2.5B

Ballooning sunshine list a slap in the face to taxpayersWhile most Ontarians were barely getting by during lockdowns, the bill for Ontario top bureaucrats ballooned in 2020. There are still 800,000 Ontarians looking for a job. So, it must be jarring for them to see Ontario’s sunshine list, which discloses the municipal and provincial government employees making more than $100,000 per year, increased by…

Universal basic income has been tested and failed

Finland acknowledged its two-year experiment a total failure

Universal basic income has been tested and failedThe COVID-19 crisis has brought back to the forefront the idea of a universal basic income or guaranteed annual income. It’s an idea that should be abandoned. In response to the economic crisis caused by the COVID-19 restrictions, the Canadian government has implemented the Canada Emergency Response Benefit (CERB). Eligible people receive $2,000 for a…

The NDP’s flawed case for wealth taxes

The idea that we can easily tax rich people with impunity is not supported by the evidence

The NDP’s flawed case for wealth taxesSince the last federal election campaign, the NDP has been continually beating the drum for a wealth tax. The party’s latest push comes in its supplementary report to the 2021 budget consultations. Their case for the tax, however, is based on significant economic errors. First, the NDP claims that a wealth tax has been recommended…
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