This is a guest post from Rod Hill, a Professor of Economics at the University of New Brunswick, Saint John campus. A previous version of this post first appeared in the New Brunswick Telegraph Journal. In a report this month for the Halifax-based Atlantic Institute for Market Studies (AIMS), entitled “An Alternative to Employment Insurance”, Justin Hatherly proposes replacing the […]
Read moreThe Fredericton Daily Gleaner published an op-ed I wrote about how the province doesn’t have a structural deficit, despite the government claiming it does. The commentary piece is behind a pay wall so I’ve copied it below. Last month, CUPE New Brunswick also published a paper I wrote on this issue, Deficit Déjà Voodoo: is New Brunswick really headed off the […]
Read moreAll eyes may be on Ottawa when the federal budget is released this afternoon, but it isn’t the only government tabling its budget today.   New Brunswick’s new Conservative government will also be tabling its first budget today–and it’s expected to include austerity spending cuts at the same time that they proceed with further corporate tax cuts.    The following is an […]
Read moreSaskatchewan’s NDP opposition recently called for higher potash royalties, a position long advocated by this blog. Not surprisingly, the Saskatchewan Party government and the potash companies have objected. The argument from Premier Brad Wall and PotashCorp CEO Bill Doyle seems to be that mine expansions are occurring in Saskatchewan only because of royalty concessions granted by the previous NDP government. […]
Read moreConcerns about the prospect of BHP Billiton leaving Canpotex have prompted a backlash of hand-wringing about Canpotex’s very existence. For example, The Globe and Mail featured an editorial earlier this month that began by suggesting, “Canadian policy-makers should reconsider the status of Canpotex.†But it concluded, “In practice, unwinding Canpotex would be no simple matter. Moreover it would be a […]
Read moreI have the following op-ed in today’s Regina Leader-Post. Below it is a table supporting my statement that “the mines that PCS owned in 1989 still account for 80 per cent of its potash production and capacity.†Privatizing Potash was a Costly Mistake The greatest tragedy in BHP Billiton’s $38.6-billion (U.S.) bid for the Potash Corporation of Saskatchewan (PCS) is […]
Read moreLiberals are proposing to slash Nova Scotia’s corporate income tax rate for small business from 5% to 1%. We have seen this movie before. New Brunswick announced a 1% small business rate by 2007 only to instead restore a 5% rate that year. Nova Scotians might reasonably ask why their provincial neighbour abandoned the 1% plan. Part of the story […]
Read moreThe deal, unveiled yesterday by the Premiers of Nova Scotia and New Brunswick, is not actually called PEAR, but PARE: Partnership Agreement on Regulation and the Economy. Like TILMA, it was signed pursuant to Article 1800 of the existing Agreement on Internal Trade to further “liberalize trade, investment and workforce mobility.” Unlike TILMA, it does not establish an enforcement mechanism […]
Read moreAs Andrew Jackson has written recently on this blog, the New Brunswick government is proposing a set of truly dreadful tax reforms. The proposals include: a 10% flat tax for personal income, or a two-tier rate at 9% and 12% reducing the corporate income tax from 13% down to as low as 5% a carbon tax increasing the provincial sales tax by […]
Read moreThe New Brunswick government have proposed and are conducting hearings into a dreadful proposed “tax reform” package, centred on a flat personal income tax of just 10% and corporate tax cuts, to be financed mainly by a higher harmonized sales tax. I have written a short piece quantifying the benefits to high income New Brunswickers of reducing their effective personal […]
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