Alberta sales tax a bad bet to balance the books

For politicians, spending expands to meet any additional revenue, so a sales tax would only increase spending, not reduce the deficit

Alberta sales tax a bad bet to balance the booksAlberta’s finances are a mess. By the end of the year, Alberta will have the largest deficit in the province’s history coupled with a $100-billion debt tab. Almost like clockwork, some academics are recommending a provincial sales tax to pull the government out of its sea of red ink. But the pseudo sales tax solution…

Trudeau’s second carbon tax coming at worst possible time

Trudeau needs to go back to drawing board and come up with an environmental plan that doesn’t hammer taxpayers

Trudeau’s second carbon tax coming at worst possible timeBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation Whenever Prime Minister Justin Trudeau wants to solve a problem, his solution can’t be to hit families and businesses struggling to get by with even more costs. Yet, that’s exactly the approach Trudeau is taking with his second carbon tax. As Postmedia columnist John Ivison reported,…

Trudeau’s infrastructure announcement raises red flags

Every dollar spent on white elephant vanity projects reduces the money that could be spent on schools, hospitals

Trudeau’s infrastructure announcement raises red flagsIf a door-to-door salesman pitched you on a “win-win” sale, your first reaction would probably be skepticism. Unfortunately, a similar level of skepticism is called for whenever a politician declares their latest spending project to be a “win-win.” That’s exactly what Prime Minister Justin Trudeau affirmed was the case when he announced that the “independent”…

How oil and gas fuels the nation’s economy

The importance of oil and gas extraction to Canada’s GDP, jobs, incomes or tax revenues can’t be understated

How oil and gas fuels the nation’s economyBy Mark Milke and Lennie Kaplan Canadian Energy Centre No matter how you slice it, Canada’s oil and natural gas sector has been one of the nation’s most significant contributors to jobs, gross domestic product (GDP) and tax revenues over the decades. Even in down years, such as 2016, the oil and gas extraction sector…

Cities’ push for new taxes divorced from reality

Alberta’s cities need to first tackle the cost elephant in the room: labour

Cities’ push for new taxes divorced from realityWe hear councillors offer nice platitudes about understanding the hardships Albertans are going through, but actions speak louder than words. And the recent push for new tax powers shows that big city councillors and mayors are divorced from the reality facing Alberta. In June, Red Deer council voted unanimously to back an Edmonton resolution calling…

Eight steps to get Canada’s economy restarted

Government can do more by doing less, by unleashing the private sector

Eight steps to get Canada’s economy restartedFederal government schemes and programs to ameliorate the devastation wrought by the ill-considered shutdown of the Canadian economy for nearly three months have focused on compensating individuals and businesses for being unemployed or shutting down. Little thought, thus far, has been given to how to relaunch the economy for a sustained recovery from COVID-19. The…

Feds should learn from Ontario’s green energy failure

But Ontario’s experience is being ignored and could lead to billions more spent and higher energy costs for Canadians

Feds should learn from Ontario’s green energy failureBy Elmira Aliakbari and Jason Clemens The Fraser Institute Gerry Butts, former principal secretary to Prime Minister Justin Trudeau, is at the heart of a new group, the Task Force for a Resilient Recovery, which recently released a series of recommendations for massive investment in green projects. The recommendations seems to be influencing the prime…

Alberta needs to take tax hikes off the table

Alberta needs to take tax hikes off the tableHere’s one thing Premier Jason Kenney and Prime Minister Justin Trudeau can agree on: hiking taxes would be a bad idea. “I cannot imagine a dumber thing to do in the midst of a time of economic fragility, an oil price collapse and a global recession than to add a multi-billion dollar tax on the…

An argument for a tax-cut led recovery

An argument for a tax-cut led recoveryThe focus on the federal deficit has rightly been on the staggering scope of emergency spending, but there has been much less talk about the other big part of the equation: government revenues have plunged due to the economic shutdown. Indeed, the federal government’s July fiscal snapshot revealed that the government expects a steep drop…

Sooner or later, we will pay for federal spending

Trudeau isn’t saying no new taxes; he’s saying we should continue to spend today and pay for it with taxes tomorrow

Sooner or later, we will pay for federal spendingBy Tegan Hill and Jake Fuss The Fraser Institute Despite promising significant increases to already historically high spending, Prime Minister Justin Trudeau recently pledged there will be no new taxes. This rhetoric is simply false. To pay for today’s spending, the Liberal government must either tax today or defer tax increases to the future by…

Equalization rebate should go to Albertans, not the Alberta government

If the feds send the larger equalization rebate to Alberta, then it should be made out to the taxpayers who have been paying the bills

Equalization rebate should go to Albertans, not the Alberta governmentHere’s a fundamental point about equalization: the provincial government doesn’t pay for equalization, taxpayers do. Premier Jason Kenney is calling on the feds to increase the equalization rebate to the Alberta government to offset some of the impacts of the downturn. But any equalization rebate should go back to the Albertans who have been paying…

We can’t dodge deficits and debt forever

A government deficit is sometimes necessary but we need plans in place to eliminate it and reduce the debt

We can’t dodge deficits and debt foreverDeficits have become emotive hot buttons. A deficit arises when governments spend more than their income, which consists mainly of taxes. If the deficiency is not immediately covered, current deficits turn into long-term government debt. No one seems to be neutral about deficits and the resulting debt. Traditional economists argue against them, saying that spending…

Corporate tax cuts aren’t just a handout to the rich

Higher corporate income tax doesn’t just impose costs on people who own corporations, but also people who work for them

Corporate tax cuts aren’t just a handout to the richThe Alberta government recently announced plans to help encourage economic recovery and growth in the province, including a plan to accelerate corporate income tax reductions that were already in the works. The corporate tax rate will drop from 10 per cent to eight per cent immediately instead of gradually over the next two years. Critics…
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