Brian Jones.Statistics Canada can be your friend. CANSIM 204-0001 to be precise.You don’t have to manipulate numbers.There are roughly 221, 455 who earn below the $29,600 median income for all tax filers in Newfoundland and Labrador. The fi… . . . → Read More: The Sir Robert Bond Papers: How the other half pays #nlpoli
During Question Period in the House of Assembly on Tuesday, Lorraine Michael asked the finance minister for the information that showed that 35% of the tax filers in the province account for 88% of the government’s income tax revenue.Lorraine should ha… . . . → Read More: The Sir Robert Bond Papers: A dose of reality for Lorraine and her friends #nlpoli
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 […] . . . → Read More: The Progressive Economics Forum: Redistribution, Inequality, and Federal Policy: Guest Post by Edgardo Sepulveda
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 . . . → Read More: The Progressive Economics Forum: Should we be taxing the rich 1% more?
The question of who pays for austerity and how is an enormous one. Promoters of austerity often claim that cuts to universal services are fine if they’re offset by transfers to those who can’t pay for newly-marketized services. The same goes for expanding services – why give everyone childcare if you could just give those . . . → Read More: Political Eh-conomy: Transfers, taxes and who pays for austerity
Here’s some interesting math for you.
Between 2011 and 2014, Alberta Premier Jim Prentice was a Vice-President for CIBC, with a salary “reportedly over $2 million.”
In Ontario, his 2013 provincial income taxes would have been calculated using a progressively increasing tax rate that topped out at 13.16% on income over $509,000. The provincial tax . . . → Read More: atypicalalbertan.ca: Flat Tax Math Yields a T-Bird
Here’s some interesting math for you. Between 2011 and 2014, Alberta Premier Jim Prentice was a Vice-President for CIBC, with a salary “reportedly over $2 million.” In Ontario, his 2013 provincial income taxes would have been calculated using a progressively increasing tax rate that topped out at 13.16% on income over $509,000. The provincial tax deducted from his … Continue reading FLAT TAX MATH YIELDS A T-BIRD → . . . → Read More: atypicalalbertan: FLAT TAX MATH YIELDS A T-BIRD
This piece was originally published at the Globe and Mail’s online Report on Business feature, EconomyLab.
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 . . . → Read More: The Progressive Economics Forum: Flaherty’s Legacy: Ideological, reckless and just plain lucky
Buried in the federal government’s recent Update of Economic and Fiscal Projections are figures showing the Harper government is set to squeeze federal government’s role to the smallest it has been in seventy years. (Bill Curry at the Globe also just wrote about this, but without figures further back than 1958).
Total federal government spending . . . → Read More: The Progressive Economics Forum: Canada’s (not so incredible) shrinking federal government
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, . . . → Read More: The Progressive Economics Forum: Funding Cuts to Alberta’s PSE Sector: There Are Alternatives
Did you know our government spend money subsidizing fossil fuel energy to keep prices artificially low? A new International Monetary Fund study uncovers just how much these subsidies are and urge our governments to stop these market distortion practices. I calculate the real price we pay for fossil fuel energy and the results are astonishing.
. . . → Read More: Carbon49 – Sustainability for Canadian businesses: The Real Price We Pay for Fossil Fuel Energy
A new CCPA (National) report by Marc Lee and myself argues that Canada’s tax system needs a “fairness” 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 . . . → Read More: The Progressive Economics Forum: Fairness by design: a framework for tax reform in Canada
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 . . . → Read More: The Progressive Economics Forum: Incomes Flat in “Recovery Year” of 2010
For years I did my own income tax but for the last few years I sought the help of a local tax filing company. I have a modest income and there are not very many complications. However this year it was amazing how many forms I had to sign. I could not believe it. . . . → Read More: LeDaro: Filing Income Tax