Ford needs to make his gas tax cut permanent

Hardworking Ontario families need all the help they can get

Ford needs to make his gas tax cut permanentIf Ontario Premier Doug Ford doesn’t want to be the grinch who stole Christmas, he’ll start working on a plan to make Ontario’s temporary gas tax cut permanent. Ontario drivers are now at the midpoint of the Ford government’s temporary gas tax relief period. Beginning on July 1, the province reduced its gas excise tax…

Canadians getting desperate about higher food prices

Almost 24 per cent now cutting back on food purchases, almost 70 per cent of whom are women

Canadians getting desperate about higher food pricesWhile inflation is showing signs of dissipating, food inflation appears to be on a totally different path. Food inflation has outpaced our general inflation rate for over 12 months now. Statistics Canada just announced that the food inflation rate for retail was 10.8 per cent and 7.4 per cent in food service. Canada ranks third…

How to deal with the high cost of housing and energy

Both sectors face inflationary pressures but are being dealt with very differently

How to deal with the high cost of housing and energyAs anyone who has ever spent time in the kitchen knows, when a pot is boiling over, you do not put a lid on it. You lower the heat. Adding a cover does nothing to reduce the cause of all the excess bubbles and steam. In fact, increasing the pressure within the vessel generates an…

The Trudeau government is making your life even harder

Increases to the Marginal Effective Tax Rate taking even more of your hard-earned money

The Trudeau government is making your life even harderNew Conservative leader Pierre Poilievre is correct when he says governments discourage work with taxes and clawbacks. The Marginal Effective Tax Rate (METR) measures what government takes from each new dollar earned in taxes and clawbacks of income-related government benefits. In his leadership acceptance speech and an August 19 video called “Make work pay,” Poilievre…

‘Making the rich pay’ doesn’t pay

Ottawa does not fully understand the consequences of its policy

‘Making the rich pay’ doesn’t payBy Nathalie Elgrably-Levy and Valentin Petkantchin The federal government’s new luxury goods tax, which took effect on September 1, targets luxury cars, private jets and yachts. Without originality, it is part of the traditional logic of taxation which aims to “make the rich pay.” However, we often forget the economic, indirect and longer-term effects, which…

To fight inflation, we have to measure it better

The method StatsCan uses to measure inflation bears no relationship to the reality Canadians face

To fight inflation, we have to measure it betterBy Nathalie Elgrably-Lévy and Valentin Petkantchin For several months now, rising prices have dominated public consciousness and raised anxiety in most households. Not for decades has Statistics Canada’s monthly inflation rate indicator been awaited with such rapt attention. This indicator is much like a thermometer monitoring a patient’s fever while under observation. Related Stories Food…

Alberta needs a provincial sales tax like it needs a hole in the head

Alberta is the only province with no PST, saving its people billions of dollars per year

Alberta needs a provincial sales tax like it needs a hole in the headHere's the good news: the majority of United Conservative Party leadership candidates have pledged not to impose a Provincial Sales Tax (PST) or raise taxes on Albertans. Six UCP leadership candidates signed the Canadian Taxpayers Federation Pledge, which reads: "I will never impose a Provincial Sales Tax and I will not raise taxes." All of…

Ottawa depending on economic blue skies to balance the budget

It’s time for Ottawa politicians to take deficits seriously again

Ottawa depending on economic blue skies to balance the budgetThere’s finally some good news for taxpayers: Instead of balancing the budget in 2070, the Parliamentary Budget Officer’s numbers now show Canadians can look forward to a balanced budget in only … wait for it … 20 years. Last year the Canadians Taxpayers Federation used PBO data to show the feds wouldn’t balance the budget…

Why can’t Canada also address student debt?

America is taking a tentative step to help students. Canada needs to do the same

Why can’t Canada also address student debt?American President Joe Biden is wiping US$10,000 in federal student loan debt for those with incomes under $125,000 a year or households that earn less than $250,000. He is also cancelling an additional $10,000 for students who received federal Pell Grants to attend college. For context, more than 45 million Americans collectively owe over $1.7…

New or enhanced tax credits up for grabs for Canadians

New or enhanced federal tax credits for surrogacy, first-time home buyers, and renovation expenses for multigenerational households moving ahead

New or enhanced tax credits up for grabs for CanadiansPlanning for the future can have many benefits if you know what’s up for grabs and can take advantage of programs and incentives. The federal Liberal government’s plans for new or enhanced tax credits for surrogacy, first-time home buyers, and renovation expenses for multigenerational households are moving ahead. The federal Department of Finance recently announced…
1 2 3 33