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The Progressive Economics Forum

Federal cuts could push unemployment to 8%

Now that the government is planning for an $8 billion cut,  the potential job losses could drive job losses to between 99,000 and 108,000 full time positions across Canada.  At this much higher level, the federal government could be single-handedly responsible for pushing national unemployment from its current 7.5% to 8.0%.  About half of those [...]

Posted by David Macdonald under deficits, economic growth, federal budget, public services, unemployment.
February 2nd, 2012
Comments: 7

Corporate Tax Cuts: Big Costs but no Extra Jobs

Today the CCPA released a study that I authored which examines and debunks one of the biggest contentions of this campaign, that corporate tax cuts create jobs. The payoff of corporate tax cuts has come under increasing scrutiny from various angles, although I focus specifically on job creation. To examine this contention, I took Canada’s [...]

Posted by David Macdonald under corporate income tax, corporate profits, election 2011, employment, taxation.
April 6th, 2011
Comments: 3

Distributional impact of Tory Income Splitting

I recently posted on the CCPA’s “Making it Count” blog covering election 2011 issues. In that post, I calculated the distributional impacts of the “Family Tax Cut” proposed by the Conservatives that would allow couples with children under 18yrs old to split up to $50,000 of their income. The “Making it Count” post is meant [...]

Posted by David Macdonald under election 2011, taxation.
April 1st, 2011
Comments: 5

Crumbs for you, Cake for us: Budget 2011

If you take a look at this year’s budget and you have an issue that you’re interested in, chances are you’ll find it on the list. There are in fact almost twice as many items on this year’s budget list as the large 2009 stimulus budget. There are some items on seniors, some items on [...]

Posted by David Macdonald under federal budget.
March 22nd, 2011
Comments: 3

So you think you can budget!

With the Alternative Federal Budget (AFB) officially released, you’d think the budget gnomes at the CCPA would have some much deserved time off.  Unfortunately with the snow still falling in Ottawa, we figured we’d put them back to work. Every year, the AFB puts together ideas from all of the partners involved.  Once everything is [...]

Posted by David Macdonald under budgets, federal budget, financial literacy, macroeconomics.
March 21st, 2011
Comments: 8

Housing on the knife’s edge

At long last, the federal government has decided to seriously address the housing price bubble that has increasingly concerned Canadians. On the heels of multiple warnings from the Bank of Canada that Canadians have taken on too much household debt for comfort (we hold the dubious distinction of having the worst consumer debt to financial [...]

Posted by David Macdonald under bubble, cities, economic risk, household debt, housing, interest rates.
January 18th, 2011
Comments: 2