Manitoba unprepared for coming fiscal, political storms

Manitoba’s provincial government depends on long-calcified federal transfer programs to fund 37% of its budget

Manitoba unprepared for coming fiscal, political stormsAround 1915, Winnipeg was frequently described as a second Chicago, a serious transportation hub with a bustling private economy. In 1921, it was the third-largest city in Canada. In the 1960s, Winnipeg was Western Canada’s corporate headquarters city. Today, Winnipeg is Canada’s ninth-largest city, known more in the United States, if not by most Canadians,…

Global tax cartel is a march to higher taxes

... and more corporate welfare

Global tax cartel is a march to higher taxesCanadian politicians like Chrystia Freeland see tax competition as a “race to the bottom.” But for the rest of us, a global tax cartel will mean an inevitable march toward higher tax bills and more pork for companies with access to politicians. Freeland agreed to the American-led proposal for a global minimum business tax of…

Crown corporations are simply money pits

They are a bad idea and should be sold off

Crown corporations are simply money pitsReports, studies and analyses show that the essential character of state-owned enterprises, including Canadian Crown corporations, makes it impossible for them to have true independence or real profitability. These operations have inherent goals counter to the normal private sector pursuit of profit maximization. In the private sector, return on investment rewards shareholders for the risk…

Time to bring Governor General perks back down to planet Earth

When a new governor general takes the controls as head of state, the routine waste of money at that office needs to stop

Time to bring Governor General perks back down to planet EarthIt’s a rare event when the stars align in the cosmos of Ottawa to create the perfect opportunity for politicians to save taxpayers some money. That phenomenon is happening now. Ottawa is facing a black hole of debt. It needs to save money, and that signal needs to come from the top. When a new…

Why wealth taxes hamper economies and punish us all

What you tax more of, you get less of

Why wealth taxes hamper economies and punish us allCalls by self-identified progressives and others who purport to champion equity, compelling everyone to pay their fair share, have grown louder and more strident. It seems these social justice warriors have discovered previously unknown inner fiscal conservatism, with their usual zeal for redistribution and punishment for those who they deem have excessive wealth. It’s wealth…

Pepsi tax a sour deal for Newfoundland and Labrador taxpayers

Government maintains its sugar tax is all about keeping you healthy

Pepsi tax a sour deal for Newfoundland and Labrador taxpayersWhat’s all about sweets, sours your wallet and leaves a bitter taste? It’s Premier Andrew Furey’s proposal for a new Pepsi tax. This tax will increase the price of soft drinks by 20 cents a litre. By this time next year, you’ll be paying 15 per cent more for a two-litre bottle of Pepsi at…

Freeland doubles down despite dismal pre-COVID economic numbers

The government requires a complete 180-degree turn in policy

Freeland doubles down despite dismal pre-COVID economic numbersBy Jason Clemens Milagros Palacios and Niels Veldhuis The Fraser Institute In a recent interview, federal Finance Minister Chrystia Freeland explained the need to focus on economic growth to deal with many of Canada’s fiscal issues, including our high debt levels. Minister Freeland is correct that higher rates of economic growth would solve many of…

Global corporate tax rate will hamstring economy

A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation

Global corporate tax rate will hamstring economyWorld leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…

B.C. drivers burned by highest gas taxes in Canada

It costs about $50 extra in taxes to fill up a minivan in Metro Vancouver, not including the cost of the fuel

B.C. drivers burned by highest gas taxes in CanadaAs we see the light at the end of the COVID Tunnel of Hell, many families hope to hit the roads to explore beautiful British Columbia this summer. Safe road trips will be essential after the strain many have been under during the pandemic. But, because B.C. drivers are being burned by the highest gas…