PEF home page and weblog
I have a new report out today on affordable housing in Metro Vancouver. While it’s mostly of regional interest, I think the analysis and framework for housing solutions could have a much wider audience. The report looks at what’s driving the spectacular rise in housing prices in Vancouver, summarizing what we know from a wide […]
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
One interesting topic for a Canadian living in Australia is the manner in which fiscal and social responsibilities are divided between the levels of government. Both countries are big, regionally diverse, and resource-rich (with all the pluses and minuses that entails). As in Canada, Australian states are largely responsible for the big-ticket social programs: including […]
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 â€œending homelessnessâ€ at the 7 Cities Leadership Summit in Edmonton. My PowerPoint slides can be downloaded here. Here are ten things to know about â€œending homelessnessâ€ in Canada: 1. In 2008, Calgary became the first Canadian municipality to publicly commit to â€œending homelessness.â€ 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
This afternoon I gave a presentation at Raising the Roofâ€™s Child & Family Homelessness Stakeholder Summit in Toronto. My slide deck can be downloaded here. To accompany the presentation, Iâ€™ve prepared the following list of â€œTen Things to Know About Homelessness in Canada.â€ 1.Efforts to enumerate persons experiencing homeless have generally been spotty, but it […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Canada, cities, demographics, employment, Employment Insurance, fiscal policy, homeless, housing, income, income support, Indigenous people, labour market, macroeconomics, municipalities, Nunavut, Ontario, population aging, poverty, seniors, social policy, taxation, Toronto, unemployment.
September 17th, 2015
Cet aprÃ¨s-midi, jâ€™ai fait une prÃ©sentation au Child & Family Homelessness Stakeholder Summit, organisÃ© par Chez Toit, Ã Toronto. Ma presentation, illustrÃ©e de diapositives, peut Ãªtre tÃ©lÃ©chargÃ©e ici. Pour accompagner la prÃ©sentation, je vous ai prÃ©parÃ© la liste suivante: Â« Dix choses Ã savoir sur lâ€™itinÃ©rance au Canada. Â» 1. Les tentatives de dÃ©nombrer les […]
Posted by Nick Falvo under aboriginal peoples, Alberta, cities, demographics, Employment Insurance, fiscal policy, homeless, housing, income, income support, Indigenous people, labour market, macroeconomics, municipalities, Nunavut, population aging, poverty, seniors, social policy, taxation, Toronto, unemployment.
September 17th, 2015
by: Kaylie Tiessen & David Macdonald Small business taxes made the news last week when, during a CBC interview, federal Liberal leader Justin Trudeau suggested many business owners are using the small business tax rate as a de facto in-country tax shelter. Responding to the interview, Conservative leader Stephen Harper accused Trudeau of taking aim […]
The Harper government gives five reasons why Canadians ought to be happy with its proposal to double the maximum contribution to the Tax-Free Savings Account. Examine each of its points more closely, however, and itâ€™s clear that the TFSA carries far higher risks than rewards â€” for individual Canadians Â as well as for the economy […]
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone.Â What Now?” The interview can be read here.
Posted by Nick Falvo under banks, budgets, capitalism, debt, deficits, deflation, democracy, economic crisis, economic history, Europe, exchange rates, financial crisis, Greece, IMF, inflation, monetary policy, recession, taxation, unemployment, wages.
February 5th, 2015
This op-ed by yours truly was published in The Province. The examples are BC-specific, but the message is much broader: donating to charity is not enough, we also have to change the status quo that forces so many people to turn to charity in a rich country like Canada. — Itâ€™s December, the season for […]
(The following is something I’ve prepared for the next issue of CUPE’s Economy at Work, a popular economics quarterly publication I produce.) In his annual Economic and Fiscal Update (EFU), finance minister Joe Oliver told Canadians that while the federal government will finally record a surplus next year after seven years of deficits, we canâ€™t […]
In a little noticed comment, Prime Minister Stephen Harper recently was reported to say: â€œDropping our tax rate has not caused the governmentâ€™s corporate income tax revenues to fall, which indicates that it does in fact attract business.â€ No one seems to have questioned his statement, even though it was made on the same day […]
The Fraser Instituteâ€™s annual Consumer Tax Index report generated some media buzz with its outlandish claims about just how much taxes have risen since 1961. Before you get worked up about this, consider that 1961 was over half a century ago, before the time of universal health care that we all benefit from, before the […]
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
I posted this on CCPA’s BC Policy Note blog but others across Canada should pay attention to BC’s quest for LNG gold. I’d also recommend this comparison of the Quebec and BC budgets by Michal Rozworski, which highlights the stubborn emphasis on natural resource development in both budgets. It’s like the tax cut culture has […]
This morning I gave a presentation to a church group in Ottawa on affordable housing and homelessness.Â My slides can be downloaded here. Points I raised in the presentation include the following: -Though government provides subsidies to some low-income households for housing, it is important to be mindful of the considerable funding available for Canadian […]
This blogâ€™s unofficial slogan has been â€œTomorrowâ€™s conventional wisdom, today.â€ After this weekâ€™s Conservative backpedalingÂ on income splitting, we may need to change it to â€œTodayâ€™s conventional wisdom, seven years ago.â€ Or we could just stick with â€œYou read it here first.â€ My first-ever blog post, Income Splitting Redux, argued that this tax policy â€œwould benefit […]
Here’s the first section of the budget summary and analysis I’ve prepared for CUPE. The full version is on-line on CUPE’s website at http://cupe.ca/economics/missing-action-federal-budget-2014 together with CUPE’s press release at: http://cupe.ca/economics/federal-budget-2014-help-hurt-canadian Missing In Action: Federal Budget 2014Â CUPE Federal Budget 2014 Summary and ResponseÂ Â Conservatives ignore pressing economic needs with a Do-little budget Using more […]
This afternoon I gave a presentation to Professor Ted Jackson’s graduate seminar course on higher education, taught in Carleton University’s School of Public Policy and Administration. Â The link to my slide deck, titled “The Political Economy of Post-Secondary Education in Canada,” can be found here. Points I raised in the presentation include the following: -Tuition […]
Posted by Nick Falvo under debt, demographics, economic risk, education, employment, household debt, Indigenous people, inequality, post-secondary education, social policy, student debt, student movement, taxation, unemployment, user fees, young workers.
February 6th, 2014
Another column by Gwyn Morgan in the Globe and Mail and another case of a 0.1 percenter telling the rest of us to “Do as I say, not as I do.” This time, it’s Gwyn recycling trash from the CFIB and Fraser Institute to claim defined benefit pensions for public sector workers are too generous […]
Yesterday’s release from Statistics Canada on the income share of the wealthy generated some interesting coverage and commentary.Â It reported that the top 1%’s share of total income in Canada remained steady in 2011Â in Canada, at 10.6 percent — but still significantly higher than in the 1980s. Most observers did not mention, however, that this […]
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
Last fall, Greek magazine editor Kostas Vaxevanis published in his magazineÂ Hot DocÂ a list of 2,000 wealthy Greeks who were hiding taxable savings in the Geneva branch of HSBC. The list had been furnished years earlier by the then French Finance Minister Christine Lagarde to the Greek government, who did nothing in regards to chasing after […]
On April 23, the Fraser Institute released the annual update of their misleading Consumer Tax Index report. The piece is meant to feed the anti-tax sentiment with numbers sprinkled liberally for their shock value instead of providing any meaningful analysis. Here are some of the main flaws with the report’s methodology. If what follows sounds […]
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
Further to Toby’s comments, Miles Corak has posted an excellent commentary on the new numbers on high incomes, together with a spread sheet showing average effective tax rates by income group from the 1980s. The big story is that the average effective tax rate for the very affluent has been stable since the early 1980s […]