The wisdom of raising the minimum wage

The discrimination against human capital is one of capitalism's most egregious errors. It’s an error Tim Hortons’ franchise holders are making now

The wisdom of raising the minimum wageGovernments in Alberta and Ontario have finally taken the plunge – starting on Jan. 1, they've raised minimum wages. Predictably, the pushback from business has been ferocious. You'd think aliens had landed. Provincial politicians are perceived to be either dangerous anti-business zealots or champions of the little guy, depending on which side of the capital/labour…

Agri-food supercluster could super-charge Canada’s economy

Nine groups await word from Ottawa on which gets to tap the $950-million supercluster innovation fund

Agri-food supercluster could super-charge Canada’s economyThe supercluster effect is one of the intriguing outcomes of dangling dollars in front of sectors hungry for innovation investment. Nine groups await word from the federal government on which gets to tap the $950-million supercluster innovation coffer. Ottawa established the fund last year to help reshape the Canadian economy and set it up for future…

Get ready for a greener but poorer and slower economy

As the world’s fastest growing economies expand fossil fuels usage, carbon dioxide emissions, jobs and growth, Canada is going the opposite direction

Get ready for a greener but poorer and slower economyCanadians have generally accepted that carbon pricing is necessary to save the planet. But as taxes and consumer costs rise, promised green jobs fail to materialize and few others in the world seem serious about staying the course, it’s time for a rethink. Rising population and prosperity in the developing world will grow global demand…

Is it time for major tax reform in Canada?

It would be more prudent to make ongoing in-depth analysis of various facets of the tax system a full-time activity of the Department of Finance

Is it time for major tax reform in Canada?On the same day that Finance Minister Bill Morneau clarified the federal government’s proposals to limit “income sprinkling” as a way for high-income owners of private companies to reduce their taxes, the Senate finance committee released its report recommending that all his tax changes should be scrapped.  Instead, the committee recommended the government undertake an…

Canada’s tax code is too complicated – even for CRA officials

As tax complexity grows, so do tax compliance costs. Canadians spend nearly $7 billion complying with the personal income tax system each year

Canada’s tax code is too complicated – even for CRA officialsBy Charles Lammam and Hugh MacIntyre The Fraser Institute Canada’s personal income tax system is complicated and the nuances are often cryptic. So citizens routinely rely on Canada Revenue Agency staff to help them navigate the system. Turns out, the system is often too complicated even for CRA officials to understand. A recent report by Canada’s auditor…

A smart road map to lower carbon emissions? Look to Texas

Texas switched from coal to natural gas and dramatically cut carbon emissions. Why doesn't Canada follow its example?

A smart road map to lower carbon emissions? Look to TexasOne marvellous aspect of promoting a country or region’s comparative economic advantage – location, natural resources, the education rates of a population – is that if it’s allowed to blossom, that advantage pays dividends in multiple ways. Consider how Hong Kong’s natural geographic advantage was combined with the then-colonial British governing institutions – specifically, a commitment…

‘Fairness’ rhetoric masks an income tax imbalance

Not only does the top one per cent pay a disproportionate share of Canada’s taxes, its share has increased over the past two decades

‘Fairness’ rhetoric masks an income tax imbalanceBy Charles Lammam and Hugh MacIntyre The Fraser Institute For months, the Trudeau government has used the term “tax fairness” to justify higher taxes on entrepreneurs and incorporated professionals. While what’s a fair distribution of taxes is never defined by the government, such rhetoric fuels the misperception that Canada’s top earners collectively get away with paying very…

Canada’s economic dilemma: resource rich, investment poor

Across the country, governments seem intent on discouraging investment, and that hurts job creation, productivity and wage growth

Canada’s economic dilemma: resource rich, investment poorWhat drives business investment? Even after the precipitous decline in the price of oil in the second half of 2014, the answer in Canada is still natural resources. As newly-released data from Statistics Canada shows, in 2016 business investment per capita was highest in the energy-producing provinces. It was around $21,400 in Newfoundland and Labrador,…

Canada unprepared for an aging population

The adverse consequences of an aging population – deficits, debt and slowing economic growth – can be mitigated with prompt action

Canada unprepared for an aging populationCanada’s population is aging, like all industrialized countries. But unlike most industrialized countries, Canada is doing almost nothing to prepare for the implications of an older population. And, in some cases, it’s moving in the wrong direction. There’s ample evidence that Canadians are living longer. According to Statistics Canada, life expectancy in 2011 was 81.7…

Keystone XL approval errs on side of safety

One spill is too many but pipelines are much safer than rail for transporting oil

Keystone XL approval errs on side of safetyBy Kenneth P. Green, Elmira Aliakbari and Ashley Stedman The Fraser Institute State regulators in Nebraska recently approved the Keystone XL pipeline, ending nine years of regulatory and political limbo across multiple jurisdictions. TransCanada Corp. can now build its pipeline. That’s welcome news for all Canadians, especially those concerned about oil transportation safety. More Canadian…
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