Politicians are long on promises but short on delivery

None of the major parties have a realistic plan to get the nation’s finances in order

Politicians are long on promises but short on deliveryPoliticians have made promises that will cost tens of billions of dollars during this election. But when it comes time to open their wallets to pay the tab, these party leaders are running to hide in the bathroom while taxpayers cover the bill. Politicians and taxpayers both need to understand a simple truth: there is…

Oil and gas taxes play significant role in Canadian social programs

If the sector disappeared, taxes would have to be increased substantially to provide us with the services we have come to expect

Oil and gas taxes play significant role in Canadian social programsBy Mark Milke and Lennie Kaplan Canadian Energy Centre Between 1969 and 2019, Canadian parents received $499 billion in family allowance payments and children’s benefits from the federal government. That 50-year cost was matched by $505 billion in revenues to governments from the oil and gas sector – except that such taxpayer cash was collected…

Ontario gas prices hit seven-year high

Without taxes, the price of gas per litre today would be sitting at 92 cents

Ontario gas prices hit seven-year highHardworking taxpayers are facing record-high gas prices, and politicians are the culprits driving up the bills. In Ontario, up to 38 per cent of the price of gas that we are charged at the pumps comes from taxes, according to a report released by the Canadian Taxpayers Federation. And that percentage is only set to…

The economic dangers of a new inflationary era

Interest rates will rise dramatically to compensate financial institutions with effects lasting for years

The economic dangers of a new inflationary eraIt’s not entirely clear whether the Canadian and the global economies are heading for a new inflationary era. It may turn out that inflation is not only elevated from recent negligible levels, but escalates, steadily at first, and then dramatically, as it did in the 1960s until the early 1980s. If it does, the havoc…

Why Canadians are walking away from the meat counter

Meat is a luxury in most countries and it’s becoming one in Canada. The good news? Canadians can deal

Why Canadians are walking away from the meat counterThe cost of living has understandably been one of the current federal election’s top issues. Most major parties have included proposed measures to help Canadians, especially those with less means. However, recent data suggest consumers are taking matters into their own hands to save a few bucks. Meat represents a big portion of anyone’s food…

Wealth taxes ultimately cripple economic growth

The rich put their earnings into new ideas, venture capital funds and angel investments

Wealth taxes ultimately cripple economic growthThere has been increasing clamour from some circles to impose a wealth tax upon Canadians. The usual government-expanding social ‘democratic’ pressure and interest groups are especially enthused by the idea. They also claim it’s popular among the public. A one-time tax of three per cent on individuals with wealth above $10 million and five per cent…

O’Toole offers a thoughtful strategy to tackle food inflation

If you feel you’re paying more for food, it’s not an illusion

O’Toole offers a thoughtful strategy to tackle food inflationThe Conservative Party of Canada recently promised to control food inflation for Canadians. It’s an odd promise for a party typically known to embrace market-free conditions but it holds great potential. What makes this promise even more atypical is that Canadians have access to one of the most affordable food baskets in the world, 18th…

Higher mortgage hurdles beat up on working class

The Trudeau government is papering over its policy failures by rationing housing to the working class

Higher mortgage hurdles beat up on working classThere’s no mystery as to why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, the federal government has opted to ration home buying and exclude those on the margins. Officials have raised,…

Taxpayers still waiting for a credible plan to balance the books

$424 million(!) being added to the debt every single day

Taxpayers still waiting for a credible plan to balance the booksBy Franco Terrazzano and Jay Goldberg Canadian Taxpayers Federation If the federal government’s fiscal policy stays on its current trajectory, Canada’s trillion-dollar debt will be a major drain on taxpayers’ wallets for generations to come. In this election, voters will need to closely examine parties’ plans to plug that drain. Unfortunately, the current Liberal plan…

Carbon tax a crushing load at the fuel pump

Owners of the most popular vehicles in Canada will pay much more in carbon taxes in coming years

Carbon tax a crushing load at the fuel pumpBy Mark Milke and Lennie Kaplan Canadian Energy Centre Except for a few blessed spots in southern Ontario and southern British Columbia, Canada is a cold northern country. That means that for six months of the year or more, snow can pile up on streets, highways, your driveway, and condominium and apartment exit ramps. And…