It’s probably not a huge surprise that when a government tries to make taxation fairer, richer Canadians – who’ve been benefitting from a torqued system -- scream bloody murder.Read more
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.Read more
Federal Minister of Finance Bill Morneau is to be commended for cracking down on very high income taxpayers using private corporations to avoid paying their fair share of tax. He should shrug off predictable and self-serving criticism from business lobby groups, and deepen his resolve to promote progressive tax reform.Read more
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.Read more
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.Read more
The Alberta government has done it.
On October 1st, the minimum wage increased by one dollar to $12.20 per hour, making it the highest provincial, but not territorial, minimum wage in Canada.Read more
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.Read more
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.Read more
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.Read more
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.Read more