The 2016 Census income data released today shows that family and individual incomes rose significantly for most of the population in the decade from 2005 to 2015, mainly due to the resource boom that extended through most of the period. The median total income of families adjusted for inflation rose by a healthy 10.8 per cent. But the gains were unequally shared, and some families and individuals fell behind.
On May 23, Statistics Canada released an interesting and widely reported study by Yuri Ostrovsky, with the title “Doing as Well as One's Parents?” It showed that some two thirds of Canadian children born between 1970 and 1984 (broadly speaking, the children of baby-boomers) had, at age 30, family incomes at least as high as their parents at the same age and that this proportion has been stable.
Special tax treatment of dividend income costs a lot in terms of foregone government revenues, mainly benefits the very affluent, and thus merits serious re-consideration as part of the federal government's current review of tax expenditures.
On September 22 and 23, the Broadbent Institute hosted Progress Summit BC to chart a progressive path forward for the province in this critical election year.
In a marquee panel on the future of BC's economy, panelists were asked to answer the following question: What must change to ensure BC’s economy in 2030 secures shared and sustainable prosperity? Below are excerpts from each panelists' remarks.
Progressive tax reform to promote both greater distributional fairness and increased fiscal capacity to fund social programs and public services should be squarely on the agenda for the 2017 federal budget. Indeed, with faltering growth, the federal Liberals will be hard-pressed to meet their commitments to new investments,while still ensuring a promised decline in the federal debt to GDP ratio, if they do not significantly increase revenues.
A year has passed since the closing event of the Truth and Reconciliation Commission in Ottawa — a brief moment of self-reflection that punctured through a stubborn, willful and long-standing national blindness.
The federal government knowingly discriminates against Indigenous children and their families. That discrimination is part of the colonial fabric that holds together Canadian political-economic development.