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This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That involved a joint effort between […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Austerity, Bank of Canada, banks, BC, budgets, debt, deficits, democracy, economic crisis, economic growth, economic history, economic literacy, economic models, economic thought, employment, federal budget, feminist economics, fiscal policy, gender critique, housing, income distribution, income tax, Indigenous people, inequality, inflation, interest rates, labour market, macroeconomics, Manitoba, monetary policy, NDP, NEO-LIBERAL POLICIES, Nova Scotia, Ontario, party politics, poverty, progressive economic strategies, public infrastructure, public services, Quebec, Role of government, Saskatchewan, social policy, stimulus, taxation, unemployment, women.
March 20th, 2017
An Alberta-based volunteer working group, of which I’m a part, recently released a document titled Foundations for an Alberta Alternative Budget (for media coverage, see this Metro article). Working group members include staff from Alberta’s non-profit sector, labour movement and advocacy sector. While our long-term goal is to emulate the great work of the Alternative […]
Posted by Nick Falvo under Alberta, child benefits, Child Care, deficits, Dutch disease, education, employment, environment, fiscal policy, health care, homeless, housing, income support, income tax, industrial policy, macroeconomics, oil and gas, poverty, progressive economic strategies, public infrastructure, public services, regulation, resources, social policy, taxation, unemployment, unions.
March 15th, 2017
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “Poverty Reduction in Alberta.” Points raised in the blog post include the following: -The NDP government of Premier Rachel Notley has undertaken important poverty-reduction initiatives since forming a government in 2015. -Alberta (relative to other provinces) has a […]
Posted by Nick Falvo under aboriginal peoples, Alberta, child benefits, Child Care, corporate income tax, debt, early learning, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, minimum wage, NDP, poverty, social policy, taxation, women, working time.
February 17th, 2017
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “The Federal Role in Poverty Reduction.” Points raised in the blog post include the following: -Canada’s Minister of Families, Children and Social Development has been tasked to lead the development of a Canada Poverty Reduction Strategy. -Total public […]
Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.
February 8th, 2017
Over at the web site of the Calgary Homeless Foundation, I have a blog post titled: “Ten things to know about the 2016-17 Alberta budget.” The link to the post is here.
Posted by Nick Falvo under Alberta, budgets, carbon pricing, child benefits, climate change, corporate income tax, debt, demographics, energy, environment, federal budget, health care, homeless, housing, HST, income support, income tax, inflation, population aging, poverty, public services, seniors, social policy, taxation.
May 3rd, 2016
We are pleased to present this rich guest post by a new PEF member, Edgardo Sepulveda. Edgardo has been a consulting economist for more than two decades advising Governments and operators in more than 40 countries on telecommunications policy and regulation matters (www.esepulveda.com). Redistribution, Inequality and the new Federal Tax & Transfer initiatives I want […]
Le 18 novembre, jâ€™ai fait une prÃ©sentation sur les dÃ©fis en ce qui concerne Â« mettre fin Ã l’itinÃ©rance Â» au Canada au 7 Cities Leadership Summit Ã Edmonton. Ma prÃ©sentation, illustrÃ©e de diapositives, peut Ãªtre tÃ©lÃ©chargÃ©e ici. Voici dix choses Ã savoir en tant que dÃ©fis concernantÂ Â« mettre fin Ã lâ€™itinÃ©rance Â» au Canada. […]
Posted by Nick Falvo under Alberta, cities, corporate income tax, fiscal policy, homeless, housing, income tax, municipalities, NEO-LIBERAL POLICIES, Ontario, poverty, Role of government, social policy, taxation.
December 8th, 2015
On November 18, I gave a presentation on “ending homelessness” at the 7 Cities Leadership Summit in Edmonton. My PowerPoint slides can be downloaded here. Here are ten things to know about “ending homelessness” in Canada: 1. In 2008, Calgary became the first Canadian municipality to publicly commit to “ending homelessness.” More than a dozen […]
Posted by Nick Falvo under aboriginal peoples, Alberta, cities, corporate income tax, demographics, fiscal policy, homeless, housing, income tax, Indigenous people, municipalities, Ontario, poverty, public infrastructure, Role of government, social policy, taxation.
November 18th, 2015
Louis-Philippe Rochon Associate Professor, Laurentian Economics Founding Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon Originally published by CBC. Find commentary here. The federal Liberal Party’s recent election promise to create a new tax bracket for rich Canadians has been quickly decried by – well, rich Canadians. But is it an […]
This piece was originally published at the Globe and Mail’s online Report on Business feature, EconomyLab. Â There are two reasons why it is difficult to comment on the legacy of a finance minister. 1) It is a tremendously challenging job, anywhere, any time. Stewarding one of the largest economies in the world through a […]
Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.
March 20th, 2014
Tony Blair, by any sensible yardstick, is a douchebag. Recently, The Guardian, under the headline â€œToxicâ€, detailed Blairâ€™s â€œdownward spiralâ€. This included the revelation that he may have been having an affair with Wendi Murdoch, the now ex-wife of media mogul Rupert Murdoch. Blair was once good pals with Murdoch and Wendi and is godparent […]
Buried in the federal government’s recentÂ Update of Economic and Fiscal ProjectionsÂ are figures showing the Harper government is set to squeeze federal government’s role to the smallest it has been in seventy years. Â Â (Bill Curry at the Globe also just wroteÂ about this, but without figures further back than 1958). Total federal government spending as a share […]
A recent online article suggests that Federal NDP Leader Thomas Mulcair is opposed to increasing federal tax rates. I find this quite surprising. According to the August 8 article: Mulcair seemed surprised when he was asked if taxes would go up under an NDP government. â€œYouâ€™re the first person whoâ€™s ever asked me that,â€ he […]
Posted by Nick Falvo under Conservative government, corporate income tax, economic literacy, fiscal policy, income tax, NDP, party politics, progressive economic strategies, social democracy, taxation.
August 9th, 2013
It has recently been reported that the University of Alberta wants to “reopen two-year collective agreements” with faculty and staff “to help the university balance its budget…” This appears to be in direct response to Alberta’s provincial government announcing in its March budget that there would be a “7% cut to operating grants to universities, […]
Posted by Nick Falvo under Alberta, budgets, corporate profits, education, employment, fiscal policy, income, income distribution, income tax, inequality, post-secondary education, productivity, taxation, unions, wages.
August 7th, 2013
A new CCPA (National) report by Marc Lee and myself argues that Canadaâ€™s tax system needs a â€œfairnessâ€ overhaul and presents a framework for progressive tax reform. Those of you who have been following our tax work so far will find this study a great complement to the BC Tax Options Paper. Tax policy is […]
Posted by Iglika Ivanova under corporate income tax, financial transactions tax, guaranteed annual income, income support, income tax, inequality, progressive economic strategies, taxation, TFSA.
February 14th, 2013
Today’s Statscan release of income data for 2010 allow for a backward glance at the state of the recovery. What is most striking is that – following two years of flat income growth in 2008 and 2009 – there was no meaningful economic recovery for most Canadians in 2010. Median earnings (half earned more, half […]
On June 7, I gave a keynote address to the Alberta Union of Provincial Employees Education Sector Conference.Â My PowerPoint presentation (with full references) can be found at this link. Points I raised in the address include the following: -Canada’s economy has been growing quite steadily over the past three decades, even when one adjusts […]
Posted by Nick Falvo under BC, competition, Conservative government, corporate income tax, debt, demographics, education, fiscal federalism, fiscal policy, household debt, income distribution, income tax, inequality, macroeconomics, Newfoundland and Labrador, P3s, part time work, post-secondary education, privatization, productivity, public infrastructure, Quebec, rankings, regulation, Role of government, social policy, student debt, student movement, taxation, user fees, working time, young workers.
June 7th, 2012
Earlier this week, the Globe and Mail’s Economy Lab published a piece byÂ Stephen GordonÂ arguing that high income and corporate taxes won’t generate much revenue. Â Gordon used used the metaphor of Jean-Baptiste Colbertâ€™s (finance minister to the Louis XIV, the “Sun King”) that the art of taxation was like plucking feathers from a goose: “Â obtain the […]
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers, especially in light of the fact that it was announced in December 2008, just as Ontario was entering a recession.Â Its focus was almost exclusively […]
Posted by Nick Falvo under child benefits, Conservative government, corporate income tax, early learning, economic crisis, education, fiscal federalism, fiscal policy, housing, income support, income tax, Indigenous people, inequality, minimum wage, Ontario, poverty, progressive economic strategies, recession, social indicators, social policy, taxation, unemployment.
January 8th, 2012
Pollsters tell us that Ontario’s New DemocratsÂ may double their seat total in next month’s provincial election. It’s also entirely conceivable that they couldÂ be part of a coalition government at Queen’s Park.Â But what’s actually in the party’sÂ election platform? One central feature of the NDP’sÂ proposals is to implement aÂ tax creditÂ for companies that hire new workers. The tax […]
Posted by Nick Falvo under climate change, corporate income tax, education, employment, energy, environment, fiscal policy, health care, housing, HST, income distribution, income support, income tax, investment, minimum wage, NDP, Nova Scotia, Ontario Election 2011, party politics, post-secondary education, poverty, progressive economic strategies, public services, public transit, social democracy, social policy, socialism, super-rich, taxation, user fees, wealth.
September 20th, 2011
University of Sherbrooke economist and fiscal specialist Luc Godbout with Suzie St-Cerny and MichaÃ«l Robert-Angers has just published a timely research paper evaluating the net fiscal impact on households of QuÃ©becâ€™s income tax system.Timely because, as discussed here be Armine Yalnizyan recent data from stats can shows that though globally income inequality has risen during […]
The following appeared in the National Post today. We’re in the last week of a federal election campaign, and every party wants you to believe they’re there for the hardworking families of a middle class under enormous pressure. That’s you, right? The idea of the middle class resonates, because it is a notion we all […]
Posted by Armine Yalnizyan under Conservative government, economic thought, financial literacy, fiscal policy, income distribution, income tax, inequality, liberals, NDP, pensions, poverty, TFSA.
April 26th, 2011
Since the Conservatives are promising income splitting, it may be worth revisiting some classic Relentlessly Progressive Economics posts on the subject. Some of the links we posted four years ago no longer work, so my Ottawa Citizen op-ed is reproduced below. While the population totals and tax thresholds have changed slightly, the analysis stands. The […]
This piece was initially posted on the Globe and Mail’s online business feature, Economy Lab. Join the comments section! For 18 years Iâ€™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, […]
It’s a funny old economy we live in. The release of today’s national balance sheet accounts has aroused great concern about the rise of the ratio of household debt to personal disposable income to a new record of 148%. Mark Carney and our banks want – quite rightly – to discourage further borrowing to prevent […]
Memo to Alberta Energy Minister Ron Liepert: Royalties are not taxes Already â€œunder attack for allegedly being rude and dismissive when he was health minister,â€ current Energy Minister Ron Liepert conceded he hadnâ€™t read the Parkland Instituteâ€™s new report on vast oilpatch profits but that didnâ€™t stop him from dismissing it: â€œThis is a not […]
A globeandmail.com article posted last night discusses a recent report on post-secondary educationÂ in Nova Scotia.Â The report itself, released yesterday, was writtenÂ by BMO’s former Chief Economist, Tim O’Neill.Â According to the article, O’Neill’s report calls for “complete deregulation of tuition fees” in Nova Scotia.Â Moreover: He believes that higher tuitions are more equitable because they […]
Today’s Toronto Star features an op-ed by John Cartwright, President of the Toronto and York Region Labour Council. (I onceÂ had the chance to hearÂ John speak at a press conference in Toronto and found him to be an oustanding public speaker.Â But I digress…) In the piece, he argues that “we” (I think he means both […]
Posted by Nick Falvo under corporate income tax, debt, deficits, economic growth, fiscal policy, income tax, interest rates, monetary policy, progressive economic strategies, public services, taxation.
July 11th, 2010
With all of the attention focused on the HST implementation on July 1, most people seemed to miss the next increment of that other much-hated tax, BC’s carbon tax. As of July 1, the carbon tax is now $20 per tonne of CO2, or about 4.6 cents on a litre of gasoline. And like any […]
The Fraser Institute and the CCPA do not typically see eye to eye, but they seem to agree that personal income taxes take up a relatively small fraction of the average tax bill — about 13 – 14%. According to the Fraser Institute’s recent report on the average Canadian family’s tax bill, the average family […]