I’ve posted below some interesting comments from Richard Shillington, a senior associate at Informetrica Ltd – who among many other accomplishments has drawn attention to very high effective tax rates on low income Canadians, and the failure of many programs to reflect the realities of life in low income. I think Richard advances a good alternative solution to a real […]
Read moreSeveral articles in today’s Globe and Mail assume that the US Democratic Party’s desire to renegotiate NAFTA threatens Canada. On the contrary, Canadians should welcome this initiative. Senators Clinton and Obama have called for limits on the ability of foreign investors to directly challenge public policy under NAFTA’s notorious Chapter 11. Canada has been the victim of more such challenges, […]
Read moreIf anyone had any doubt…
Read moreI want to piggy-back very briefly on Marc’s post from Tuesday (and update yesterday) which suggested that the proposed Tax-Free Savings Account won’t “promote investment” like the government says it will (see page 76 of Budget). The empirical literature I’ve seen certainly supports his argument — most corporate investment is financed from retained earnings, which in turn suggests that consumption, […]
Read moreThe federal Budget kicked in a rather hefty $240 Million subsidy to a proposed new SaskPower coal-fired power plant that will demonstrate CCS technology. Perhaps this is a good thing which should be welcomed – climate change activists sound vaguely impressed – but I wonder if we should be so heavily subsidizing CCS, as opposed to forcing it on power […]
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