I think that we'd be better off with a corporate income tax rate of 15% rather than 16.5%, but is this really worth an election?. Both sides seem to be exaggerating the importance of this relatively small policy dispute. Cutting the rate, as planned, won't add that...
Taxation
Proof is in the Numbers for Flaherty’s Corporate Tax Cuts
“In four years, Finance Minister Jim Flaherty has cut federal corporate income tax rates, bit by incremental bit, by one-fifth, to 16.5 per cent from 21 per cent. Given tough times, given a vulnerable minority government, given an official Opposition hostile to corporate tax cuts and given a generally tax-tolerant populace, Mr. Flaherty has demonstrated remarkable perseverance. In these circumstances, the Finance Minister emerges as an authentic profile in courage.”
Confessions of a State Stimulus Czar: I’d like to think Vermont did better than many states, but much of the money ended up continuing bloated programs, sustaining government jobs or building solar cells in China.
“I’d like to think Vermont did better than many states, but much of the money ended up continuing bloated programs, sustaining government jobs or building solar cells in China.”
Taxing Height?
Let’s not. However, this is an awfully entertaining tongue-in-cheek critique of utilitarian approaches to optimal taxation levels and income distribution.
Featured News
Beijing’s Minions Don’t Belong on Canadian Stock Exchanges
The Chinese economy is growing and surpassing the U.S. economy in size. That stature, with its consequent soft and hard power, means opposition to the Communist Party of China (CPC) regime needs to be multilateral. No matter how much unipolarity the U.S. has enjoyed...
Manitoba Trade with the U.S.: The Need to Strengthen Relations with the Midwest
Trade is essential for Manitoba’s economy. International exports and imports represented 46.4 per cent of GDP for Manitoba in 2018. With a significant goods-related industry estimated at 26.9 per cent of GDP in 2019, Manitoba needs to have strong trading partners to...
*Prosperity or Stagnation?
Speech given by Prof. Richard Vedder of the Ukraine on taxation and economic growth
Winnipeg’s Property Taxes
Is Winnipeg on a roll? A spate of “good news” stories has led some to that conclusion, and let’s hope they’re right. But new research data on the City’s high property taxes tell a cautionary tale, that the fundamentals necessary to a sustained boom may not be in place.
Westward Ho, The Tax Base (FC004)
The 2001 Prairie Tax Load Index is the summation of a province’s key tax rates – the top marginal rates on personal and corporate income, payroll and capital, as well as sales taxes.
*Alberta Streaks Ahead
Alberta has been lowering taxes since 1997 and on Jan. 1 it became the first province to switch to a single-rate income tax system, dropping the levy to 10% from an originally planned 10.5%.
Our Cities, Canada’s Political Doormat
Why are Canadian cities expected to do so much with so little? Let’s open up both angles, how they do things and the resources available.
Andrei Illarionov, Putin’s Economics Advisor
The Kremlin’s top economics mind and President Putin’s chief advisor interviewed by the Frontier Centre.
*We need a maxi-plan, not a mini-budget
Tomorrow, Paul Martin will be delivering a fiscal update but, unlike other years, it will include a mini-budget. Hopefully, “mini” won’t be the guiding objective for establishing a direction for Canada’s budgetary stance. What we need is a “maxi” plan to address the critical long-term economic issues faced by Canada.
*Prairie Finance Ministers Dare to Compare Budgets
If you look solely at provincial income taxes, including medicare premiums, Manitoba looks bad. Its taxes are the highest in Canada, followed by Quebec and Saskatchewan. But if you add in the costs of provincial sales and gasoline taxes (lower in Manitoba and Saskatchewan than elsewhere), the picture changes.
Saskatchewan NDP Cuts Tax Rates
It makes no sense to drive away your best revenue sources with uncompetitive tax rates.