It is time for tax reductions to help consumers weather food inflation
Did you know that there is a global food security index? The well-known magazine The Economist has just published its 11th edition. The Global Food Security Index comprises a set of indices from more than 120 different countries. Since 2012, the index has been based on four main pillars: food access, safety, sustainable development, and…
Bill C-11 is terrible news for Canadians, creators and consumers alike
Prime Minister Justin Trudeau is taking Canada on a headfirst dive toward government censorship, with the Senate the only obstacle standing between Canadians and the vast ocean of government control. As Trudeau’s censorship law makes its way to the Senate, the stakes are high. Calling Bill C-11 a censorship bill is not hyperbole. “Bill C-11…
Almost 24 per cent now cutting back on food purchases, almost 70 per cent of whom are women
While 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…
Tens of billions of dollars in wages, contracts and own source revenues are at risk
On July 18, the federal government announced a plan to reduce emissions from the oil and gas sector by 42 per cent in just eight years. To meet such targets, this policy would effectively stop all new projects in the oil and gas sector, as well as curtail existing ones. This would dramatically affect global…
Both sectors face inflationary pressures but are being dealt with very differently
As 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…
No. The need to broaden access and expand government contributions is urgent
The risk of recession is now in clear sight. But as the Bank of Canada pursues a course of aggressive interest rate hikes designed to wrestle inflation to the ground, the potential cost is hundreds of thousands of jobs. The August labour force survey is already revealing a worrying increase in the unemployment rate. At…
Canadian workers will pay the price of this silly political posturing
Hundreds of people who pull wrenches for a living have a unique point of view on Ottawa’s new luxury tax. Most of us might not be too bothered by a tax on super cars and private jets, and even the rich might not lose much sleep over paying a bit more for a yacht or…
Increases to the Marginal Effective Tax Rate taking even more of your hard-earned money
New 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…
The carefully curated campaign to portray him as the Nosferatu of the National Capital is already falling apart
It’s been a tough couple of weeks for the Trudeau Media Party. First, they watched in horror as their Elizabeth May pet project – known to its friends as the Green Party – collapsed in ignominy. Despite best attempts to escalate a Facebook page into a force worthy of inclusion in leaders’ debates, the party…
Ottawa does not fully understand the consequences of its policy
By 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…