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Looking around the OECD, Canada is an average-tax nation overall but relies far more on income taxes and much less on consumption levies than most other industrialized nations. Leaning so hard on income taxes hurts our economic performance. Every tax creates economic distortions but some overused taxes are more damaging than others. By raising more of our revenue from the less damaging taxes we…

From: Glen Hodgson and Diana Smallridge To: Reconciliation observers Date: January 17, 2024 Re: Unlocking Indigenous financing: are loan guarantees the answer? The federal government’s recent Fall Economic Statement included a commitment to establish a loan guarantee program to foster Indigenous equity ownership in major natural resource sector projects. This offers clear…

Introduction  The federal government has proposed regulations requiring the sale of a minimum numbers of Zero Emission Vehicles (ZEVs) in Canada (20 percent of all light vehicles in 2026, ramping up to 60 percent in 2030 and 100 percent in 2035). The flip side of this requirement is that the sale of internal combustion engine (ICE) light vehicles will be reduced and eventually prohibited in…

From: Luc Godbout and Luce Samoisette To: Chrystia Freeland, Minister of Finance and Marie-Claude Bibeau, Minister of National Revenue Date: March 19, 2024 Subject: On Its Anniversary, Has the Goal of the Canada Learning Bond Been Achieved?  Twenty years ago, the federal government launched an initiative to promote post-secondary access for children from low-income…

The annual panic over the City of Toronto budget is peaking. The 2024 version stands out in a bad way, with a double-digit tax increase proposed for homeowners and many businesses. Yet much of the ritual is familiar. For one thing, it is late: The city is already collecting and spending money council has not approved. Worse, the dire numbers from city staff last week are long on alarm and short…

To: Labour force observers From: Tingting Zhang Date: January 26, 2024 Re: How to Solve the Canadian Work Experience Hiring Conundrum Immigrants contribute to Canada’s economy in many ways, but the country fails to utilize their talents to their full potential. For newcomers, requirements for Canadian work experience are a significant hindrance to their integration into the labour…