That's almost 40 per cent more than the year before.
The Fraser Institute has argued recently that the federal government has failed to make a convincing case for Canada Pension Plan (CPP) expansion. But their viewpoint depends heavily on trying to determine how much income Canadians need to retire with dignity. So, do we really need an expanded CPP?
Manufacturing's decline has taken a toll.
By making it easier to navigate the tax rules and meet their obligations, Canadians will spend less time and less of their money on preparing their taxes, leaving more in their pockets. For Canadian businesses, productivity could improve as they spend less time, effort and capital dealing with tax compliance and red tape.
"There are lies, damned lies and statistics" is the well-worn phrase, but nothing better sums up the recent Fraser Institute scare mongering about taxes being the single largest budget item of Canadian households -- as catchy as the headlines may be, it is alarmist spin. Such biased economic exercises raise a fundamental question: Just what indicators should we be using to keep score on Canada's economic performance?
Debt has been in the news a lot lately. The major news outlets in Canada are paying attention to our record-high household debt levels and are doing some fantastic reporting about the effects of oil prices, housing, health, divorce, and all the other factors that can damage a family's bottom line. Yet amid this rabble of expert voices and real Canadian tales of debt crisis, there was one lone dissenter.
You see, standardized test results don't paint a full picture. And neither do my words here. You'll just have to come see for yourself.
50 schools showed significant improvement in the annual ranking that continues to be dominated by private institutions.
As Thursday’s tax filing deadline nears, many procrastinating Canadians are feeling the pressure to gather all their information
If the government is serious about stimulating investor confidence in the mining sector, they need to address the land certainty question.
The risk is that a GAI would become just another program within a larger web of existing government programs. Some programs that target specific groups, particularly groups less able to work -- such as the severely disabled or the elderly -- may be difficult to consolidate into a single "one-size-fits-all" universal program like the GAI.
The idea of a minimum annual income for every Canadian could provide a more efficient alternative social safety net, but
By placing bans and moratoria on fracking, governments in Nova Scotia and New Brunswick have essentially stopped pursuing socially and environmentally responsible onshore natural resource development, even though jobs and extra tax revenues are sorely needed in the region.
New Brunswick Premier Brian Gallant seems poised to follow through on a campaign promise to institute a moratorium on hydraulic fracturing. News reports suggest he'll implement that moratorium before Christmas. Quite a lump of coal for the people of his province in need of additional jobs and higher incomes.
The United States and Canada do not allow for full competition, but Americans benefit from a bigger market given their much larger population. Thus, a continental market in airline travel would serve passengers if an American airline could compete head-to-head with Canadian airlines on domestic routes. But the federal government won't allow it. The result? Higher airline fares in Canada.
Consider that in 2013/14 interest on the provincial debt was $10.6 billion. According to the province's fall fiscal update, that was just over half of all provincial sales tax revenue paid by Ontarians last year ($20.5 billion). So Ontarians should know that when you pay your provincial sales tax at the till, half of it flutters away just to pay your provincial government's debt interest.
Something as dull sounding as public-private partnerships (P3s) has suddenly grabbed headlines thanks to a recent report from Ontario's Auditor General. P3s are an increasingly common tool for governments in Canada, and around the world, to provide infrastructure such as roads and bridges.
It is unclear why the Chiefs of these 44 communities are choosing to withhold this information from their electorate and Canadian taxpayers. It is particularly peculiar that two of these communities, Weenusk First Nation and Wuskwi Sipihk First Nation, previously published their audited financial statements and have now reversed course. That brings up the question: why are these 44 Chiefs afraid of an informed electorate?
The recent killing of two Canadian soldiers by self-professed, radicalized young men who became enamoured with a violent interpretation of Islam will bring up multiple assertions about the "root cause" for such attacks. Economic freedom and the institutional "pillars" that undergird it matter.