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The Study in Brief Simple changes to tax rules can improve retirement security for Canadians, as well as make the retirement system more equitable among different classes of savers, and more efficient at managing longevity risks for capital decumulation. This E-Brief provides a discussion of needed retirement-related tax changes impacting members of capital accumulation plans, such as RRSPs and…

Introduction  This Verbatim is based on a presentation to the federal government on November 17, 2023. Don Drummond is Stauffer-Dunning Fellow at Queen’s University as well as Fellow-in-Residence and Senior Fellow at the C.D. Howe Institute. Canada long ago missed the chance to properly prepare for the inexorable ageing of its population and its broader implications for healthcare, society…

Double the Pain: How Inflation Increases Tax Burdens by William B.P. Robson and Alexandre Laurin Inflation and taxation are a painful combination. Money losing its purchasing power hurts on its own, but tax provisions that ignore inflation can multiply the pain for earners, savers, and recipients of benefit programs as well. This E-Brief identifies problematic interactions between inflation and…

The Study In Brief The reality of climate change and the imperative to sharply reduce greenhouse gas (GHG) emissions is now being addressed by policymakers in many countries, with the potential to transform the underpinnings of the North American and global economy. This E-Brief examines US climate policy and industrial policy in the Inflation Reduction Act, assesses its coverage and…

Scaling Up Is Hard To Do: Financing Canadian Small Firms by Miwako Nitani and Aurin Shaila Nusrat Canada’s small and medium-sized enterprises (SMEs) play an out-sized role in generating jobs and promoting economic prosperity. But Canadian growth-oriented SMEs lag those of other advanced countries and face financing hurdles, whether in raising debt or attracting equity investments. Despite Canada…

The Study In Brief Stablecoins are cryptographic (crypto) assets that are widely used in decentralized finance (DeFi) applications and crypto-asset trading strategies. Stablecoins offer the prospect that their “stable value” could potentially increase their use and desirability as a crypto medium of exchange by exploiting the benefits of blockchain technology, such as composability (integrating…