Canada asleep at the wheel on U.S. tax reform

The advantage this country once had over the United States has been spun on its head. And that means investment will start heading south in droves

Canada asleep at the wheel on U.S. tax reformBy Charles Lammam and Hugh MacIntyre The Fraser Institute Former prime minister Pierre Trudeau once famously quipped that living next to the United States “is in some ways like sleeping with an elephant.” By this he meant that developments in the U.S. often have an outsized effect on Canada. Canadians, like it or not, must always be…

Courting Amazon: the ends don’t always justify the means

Incentive packages often include tax breaks on property, income or permit exemptions – and taxpayers pay the freight

Courting Amazon: the ends don’t always justify the meansBy Josef Filipowicz and Steve Lafleur Fraser Institute Amazon’s recent announcement that it plans to open a second North American headquarters has sparked a mad scramble by communities seeking a huge economic payoff. But some notes of caution need to be sounded. The new Amazon headquarters are expected to house up to 50,000 “high-paying jobs” and add…

The loudest voices against tax reform are not neutral

Almost absent in the debate about proposed Canadian changes are any voices defending the idea of tax fairness

The loudest voices against tax reform are not neutralFederal Finance Minister Bill Morneau’s proposals for tightening tax breaks associated with private companies is generating several kinds of response on social media and in mainstream media. The most evident is an impressive deluge of evidence-free rhetoric claiming that the proposals are an attack on everything from the middle class to maternity leave for female…

Changing behaviour is only one aim of carbon taxes

A carbon tax used to subsidize alternate energy sources will accelerate the transition away from fossil fuel dependence

Changing behaviour is only one aim of carbon taxesPricing carbon is about much more than getting people to drive less. It’s also about generating the money we need to accelerate the process of getting our economy off fossil fuels and onto renewables. If a nationwide price on carbon is going to be successful, getting this part right is crucial. Our whole economic system…

Income tax a wartime measure that haunts us still

In the first 50 years after Confederation, the ethos was that taxing incomes weakened Canada’s competitive position. That changed in 1917

Income tax a wartime measure that haunts us stillThe introduction of income tax in Canada 100 years ago dramatically changed federal finances and Canadians' lives. As a result First World War funding demands, the federal government brought in personal income and corporate income taxes in 1917. A federal sales tax followed in 1921. Personal income tax marked a shift in federal tax philosophy. In the first…
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