The Case for Replacing British Columbia’s Inefficient Provincial Sales Tax with a Made-in-BC VAT is a new study that finds replacing the current B.C. Provincial Sales Tax with a Harmonized Sales Tax (or a Value Added Tax) would reduce taxes on business inputs, particularly machinery and equipment, which discourages investment, lowers productivity, and slows economic growth. Removing this tax on machinery and equipment could increase annual incomes in B.C. by an estimated $700 to $1,700 per worker.

Tax Freedom Day measures the total annual tax burden imposed on Canadian families by federal, provincial, and municipal governments. This year, it arrives on Thursday, June 13—four days later than in 2019, the last year before the pandemic.

How Have Canadian Federal Governments Responded to Budget Deficits? is a new study that measures how Canadian federal governments have responded to budget deficits over the last 150 years. It finds that a delay in balancing the budget will require deeper spending cuts and higher tax hikes in the future than if the government balanced the budget now. Put simply, it is better if the federal government embarks on fiscal adjustment early on, rather than postponing deficit elimination.