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Here are the most important facts about the Tax Free Savings Account. Will blog further on this tomorrow. Introduction of the Tax Free Savings Account: January 1, 2009, right at the height of the economic meltdown What’s new: Stephen Harper promises to double the contribution limits to the Tax Free Savings Account, from $5,000 a [...]
Posted by Armine Yalnizyan under banks, budgets, Conservative government, TFSA.
April 7th, 2011
Comments: 4
Corporate tax cuts have become a defining feature of the election campaign thus far. The Globe and Mail covered the topic today with an article entitled “Corporate tax cuts don’t spur growth“. Stephen Gordon fired off a critique of the piece in his latest blog at the Globe and Mail’s Economy Lab, to which I [...]
Posted by Armine Yalnizyan under Conservative government, corporate income tax, economic growth, election 2011, income distribution, progressive economic strategies.
April 6th, 2011
Comments: 3
Back in 1995 Finance Minister Paul Martin introduced a budget that reshaped fiscal federalism and retrenched the scope of the welfare state in Canada. It envisioned a dramatically smaller role for the federal government, a role that was permanently in question through the process of ongoing program review. It was Paul Martin’s permanent revolution, for [...]
Posted by Armine Yalnizyan under budgets, public services.
March 22nd, 2011
Comments: 3
This piece was initially posted on the Globe and Mail’s online business feature, Economy Lab. Join the comments section! For 18 years I’ve been part of a national project in participatory budgeting called the Alternative Federal Budget. Each year dozens of national and community organizations representing millions of Canadians convene over a six month period, [...]
Posted by Armine Yalnizyan under budgets, corporate income tax, federal budget, income tax, inequality, super-rich.
March 15th, 2011
Comments: 10
The “science” of economics has for most of its history relied on theory more than experimentation, which is quite literally the testing grounds of all “real” science. The birth of behavioural economics in the 1970s permitted economists to start testing theory rigorously, by borrowing empirical methods from psychology and other social sciences to lift the [...]
Posted by Armine Yalnizyan under economic risk, economic thought.
March 2nd, 2011
Comments: 4
“The already wealthy have emerged from the global recession in an even wealthier position. What does the rise of global elites mean to power and influence at home and abroad?” That’s the blurb from TVO’s The Agenda with Steve Paikin, the latest Canadian news show to tackle the issue that explains so much of what [...]
Posted by Armine Yalnizyan under capitalism, democracy, economic growth, globalization, inequality, super-rich, wages, wealth.
February 28th, 2011
Comments: none
Boomers are getting blamed for an awful lot of fiscal problems these days. But blaming an aging population for healthcare costs spiraling out of control is misplaced. Missing opportunities to manage and contain costs is the real culprit. Take, for example, our spending on prescription drugs. Costs in that part of the healthcare system have [...]
Posted by Armine Yalnizyan under Conservative government, Europe, health care, intellectual property, international trade, population aging, Role of government.
February 27th, 2011
Comments: 20
This article first appeared in the Globe and Mail’s online feature Economy Lab on Friday. My thanks to all the commentators on this page for the great discussion of the topic. This week, the Minister of Immigration and Citizenship rightly noted that immigrants are Canada’s ticket to economic growth in the coming years. The untold [...]
Posted by Armine Yalnizyan under Alberta, economic growth, immigration, labour market, migrant workers, population aging, Saskatchewan.
February 18th, 2011
Comments: 25
This blog has been posted on behalf of Bruce Campbell, Executive Director of the Canadian Centre for Policy Alternatives. The first version of this piece originally appeared in the blogosphere at the Huffington Post The Irish people go to the polls on February 25. The governing Fianna Fail party — that created the fallen Celtic [...]
Posted by Armine Yalnizyan under economic crisis, economic growth, taxation, unemployment, young workers.
February 18th, 2011
Comments: 1
A couple of weeks back I summarized five economic reasons to say no to further corporate tax cuts right now. A print edition of the piece caught the eye of Finance Canada, which fired off a chastening letter on February 10th saying:
Posted by Armine Yalnizyan under budgets, Conservative government, economic models, labour market.
February 11th, 2011
Comments: 4
For the past few weeks, a business leader could scarcely pick up a magazine without bumping into that other inconvenient truth of our era: rising inequality. It’s been the topic of discussion everywhere from the Economist, to The Atlantic, to the World Economic Forum. Today CTV’s Business News Network (BNN) launched a three-part series looking [...]
Posted by Armine Yalnizyan under big business, inequality, media.
February 9th, 2011
Comments: 3
This was posted on the Globe and Mail’s online feature Economy Lab today. My sincere thanks to all the people who have posted on the topic on this site. The Harper government ’s commitment to further reduce the general corporate income tax rate while the nation struggles with budgetary deficits has been championed by – [...]
Posted by Armine Yalnizyan under budgets, Conservative government, corporate income tax, deficits, investment, Jack Mintz, public infrastructure, stimulus, taxation.
January 28th, 2011
Comments: 17
This appeared in the Globe and Mail yesterday. You can add your comments to the discussion here http://www.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/austerity-canadian-style-now-in-britain-pity/article1796379/ Budget plans in the UK drove 50,000 students into the streets this week. They were protesting proposed public spending cuts that could double or triple university tuitions. We’ve seen this movie, and it does not end well [...]
Posted by Armine Yalnizyan under budgets, student debt, student movement.
November 13th, 2010
Comments: 1
Here’s my take on Canada’s jobs recovery, written for the Economy Lab. The Economy Lab is a new on-line feature of the on-line business section of the Globe and Mail, part the newspaper’s extensive print and electronic make-over launched on October 1. Editor Rob Gilroy has made it a lively spot. The Daily Mix is [...]
Posted by Armine Yalnizyan under deficits, economic risk, Employment Insurance, household debt, labour market, recession, Role of government, unemployment.
October 16th, 2010
Comments: 2
It would be funny if it wasn’t so sad. In the news today: Statistics Canada has been trying to find $7 million in cuts. Five surveys have been axed so far. But those five don’t add up to enough savings, so more cuts to come. That’s on top of the surveys cut, throttled or mothballed [...]
Posted by Armine Yalnizyan under StatCan.
October 12th, 2010
Comments: none
The following will appear in the Hill Times’ October 18th edition. The Harper Conservatives repeatedly banged Canadians over the head this summer with their minority viewpoint on Canada’s long-form census questionnaire. The questions, they said, were intrusive, and the government coercive for expecting answers. Mandatory suddenly became an ugly word for the law-and-order brigade. Interestingly, [...]
Posted by Armine Yalnizyan under StatCan.
October 12th, 2010
Comments: none
Cabinet ministers from the governments of Ontario and Quebec have sent a letter to Minister Tony Clement, calling the census decision a “mistake” and asking that the federal government “reverse this course of action as soon as possible”. The provinces, together, represent 62% of the labour market and spend billions of dollars every year on [...]
Posted by Armine Yalnizyan under StatCan.
September 29th, 2010
Comments: 1
The following will appear in the Hill Times on Monday, September 27, 2010 Everyone knows that the Harper government’s decision on the census is destructive madness, including the Harper government. But there is a growing sense that it’s too late to reverse the decision. It’s not. The Harper government has been saying it’s too late [...]
Posted by Armine Yalnizyan under StatCan.
September 24th, 2010
Comments: 3
On September 9th, Canada’s Prime Minister received a letter from Mel Cappe, David Dodge, Alex Himelfarb and Ivan Fellegi. It opened with a stern warning that government actions with regard to the census over the summer “put the well earned credibility and respected international standing of Statistics Canada at risk”. Then they told him how [...]
Posted by Armine Yalnizyan under StatCan.
September 22nd, 2010
Comments: 1
The following will appear in the Hill Times print edition next Monday, September 20, sans the groovy chart and links. Falling response rates and declining voter turnouts are two symptoms of increased disengagement in the mechanisms that inform and channel collective concerns. In such a political climate, the mandatory census long form questionnaire is a [...]
Posted by Armine Yalnizyan under democracy, StatCan.
September 16th, 2010
Comments: 1
Tom Flanagan, Steven Harper’s guru in younger days and a political sherpa who helped guide the rise of the New Right in Canada in its early days, has put in his two cents on the census affair. It is a thoughtful piece, if somewhat predictable. But it leans on two important facts in an erroneous [...]
Posted by Armine Yalnizyan under StatCan.
August 20th, 2010
Comments: 4
There are many ways to view the legacy of Prime Minister Harper and his Government thus far, but few offer evidence that the processes and institutions of democracy are held with any esteem. The selection of the latest Governor General of Canada has been described as one such rare example. The process of selecting the [...]
Posted by Armine Yalnizyan under StatCan.
August 19th, 2010
Comments: 3
Don Tapscott nails it in his commentary in today’s Globe and Mail. Everyone wants to see and not be seen. That’s getting less possible, even for the most guarded individual. Today’s zeitgeist is Google, and the Google Zeitgeist is transparency. The push-back — and every thesis has its antithesis, as all you Hegel fans out [...]
Posted by Armine Yalnizyan under media, StatCan.
August 19th, 2010
Comments: none
In the past few weeks some of Canada’s most respected economic authorities, including Bank of Canada Governor Mark Carney, have voiced concerns over the fragility of the recovery, globally and at home. Now Paul Krugman joins that chorus of Cassandras, pointing his finger straight at the wishful thinkers who say Canada’s heavy lifting is done [...]
Posted by Armine Yalnizyan under budgets, debt, economic crisis, fiscal federalism, fiscal policy, stimulus.
August 16th, 2010
Comments: 6
Since I last posted something on the Census here (August 1! Time flies!), every passing day has advanced the census story with dizzying speed. I’ve said it before: this story has more legs than a bucket of chicken. Here are the top notes of the last 10 days, ending in a fascinating and uniquely Canadian [...]
Posted by Armine Yalnizyan under StatCan.
August 12th, 2010
Comments: 20
A superb article in the Toronto Star by Antonia Zerbisias, entitled “Who Are You”, today features a fascinating interview with Dr Jan Kestle at Environics Analytics regarding their use of census data. In the print edition it has a data geek’s centrefold! Two pages of how census data is used to profile 66 different household/lifestyle [...]
Posted by Armine Yalnizyan under StatCan.
August 1st, 2010
Comments: 2
A research colleague from Calgary sent along news of the latest Calgary Herald editorial on the topic. I am copying the email with permission, on condition of anonymity. ********************** Here is a link to the lead editorial in yesterday’s Calgary Herald. This is the second editorial on this in the past 3 weeks. You know [...]
Posted by Armine Yalnizyan under StatCan.
August 1st, 2010
Comments: 1
I am posting this on behalf of a colleague from Victoria B.C., Ian Faris, an employee with Statistics Canada for 20 years, and now a research analyst and member of the Canadian Social Data Consortium. The data consortium is organized to “liberate” census and related data at a modest fee for city planners, public health [...]
Posted by Armine Yalnizyan under StatCan.
July 31st, 2010
Comments: 1
Are there good alternatives to the mandatory census long-form questionnaire to collect the information that we need? Last Saturday CBC’s The House had a sparkling section on the census which offered some thoughts from a Danish statistician and the views of Canada’s longest serving Chief Statistician, Ivan Fellegi. On Tuesday Tavia Grant’s superb article in [...]
Posted by Armine Yalnizyan under StatCan.
July 30th, 2010
Comments: 6
Professor Emeritus at University of British Columbia, William Stanbury, has produced a handy treatise on coercion, published online in the Hill Times this week. Stanbury focused his career as a professor of economics on strategic decision-making in business, including government relations, competition rules, regulations and other public policies that strengthen business performance. His insightful summary [...]
Posted by Armine Yalnizyan under StatCan.
July 30th, 2010
Comments: none