Government Spending & Taxes

— May 26, 2021
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Global Storm: The Effects of the COVID-19 Pandemic and Responses Around the World

Global Storm: The Effects of the COVID-19 Pandemic and Responses around the World is a detailed statistical analysis of nearly 200 countries and their experiences with and responses to COVID-19. It found that Canada ranked poorly compared to other industrialized countries on testing and hospital beds, which were determined to be key in responding to COVID-19.

— May 21, 2021
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This year, Tax Freedom Day is Monday, May 24. If you had to pay all your federal, provincial and municipal taxes up front, you would give government every dollar you earned from January 1st to Tax Freedom Day, when Canadians finally start working for themselves. In 2021, the average Canadian family (with two or more people) will pay 39.1 per cent of its annual income in taxes, including income taxes, payroll taxes, health taxes, sales taxes, property taxes, fuel taxes, carbon taxes and more.

— May 6, 2021
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Canada’s Aging Population and Income Support Programs

Canada’s Aging Population and Income Support Programs is a new study that finds from 2020 to 2030, as a result of the growing number of seniors in Canada, the cost of Old Age Security and the Guaranteed Income Supplement will increase by almost 70 per cent, from $60.8 billion to over $103 billion.

— Apr 15, 2021
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Will Cutting Income Tax Rates Create Jobs for Canadians?

Will Cutting Income Taxes Create Jobs for Canadians? is a new study that finds if the federal government reduced the top personal income tax rate from 33 per cent back down to 29 per cent (the rate before the 2016 tax hike), it would facilitate the creation of approximately 110,000 private-sector jobs the following year.

— Mar 25, 2021
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Aging and Expenditures on Health Care

Aging and Expenditures on Health Care is a new study that finds Canadians over the age of 65, who are projected to make up 23.4 per cent of the population by 2040, will account for 71.4 per cent of total health care expenditures in that year. And in fact, health care spending is projected to grow by 88 per cent from 2019 to 2040 as a result of the growing number of Canadians aged 65 and older.

— Mar 16, 2021
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Estimated Impacts of a $170 Carbon Tax in Canada finds that the federal government’s plan to impose a $170 per tonne carbon tax by 2030 will result in 184,377 fewer jobs nationwide and cause a 1.8 per cent drop in Canada’s Gross Domestic Product (GDP), which in 2019 would represent a loss to the economy of about $38 billion.

— Mar 2, 2021
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Reforming Employment Insurance for the 21st Century

Reforming Employment Insurance for the 21st Century analyzes problems with Canada’s EI system, such as providing unequal benefits depending on where a worker lives, and not covering the self-employed or those who work in the growing ‘gig’ economy. The study also highlights several ways Canada’s employment insurance system could be reformed, including the idea of an Unemployment Insurance Savings Account.

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