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Alternative Federal Budget

Think tank calls on feds to stop growth-killing austerity

Alternative Budget plan tackles Canadians' real concerns

OTTAWA—The Canadian Centre for Policy Alternatives (CCPA) warns more austerity measures from the federal government could further stall an already stagnant economy.

With the release of its annual Alternative Federal Budget (AFB), the CCPA shows how growth-killing austerity can be replaced by a plan that strengthens the economy, leads to a better quality of life for all Canadians, and eliminates the deficit by 2016.

“Canada has a growth problem, not a deficit problem,” says AFB Coordinator David Macdonald. “Federal government cuts are already affecting our economy and are expected to reduce growth by a third next year. More cuts will only lead to less growth and fewer opportunities for Canadians, something we can ill afford at this time. We need to turn off the austerity auto-pilot and get our economy growing again, particularly for young Canadians.”

The Alternative Federal Budget shows what the federal government could do if it decided to seriously tackle Canadians’ largest social, economic, and environmental concerns.

"The Europeans have shown conclusively that austerity weakens economies, rather than strengthen them," says CCPA Senior Economist Armine Yalnizyan. "Instead of budgeting with eyes wide shut, the AFB responds to the issues that most Canadians struggle with every day. It invests in programs that are good for growth and good for Canadians, while balancing the books. Instead of making things worse and leaving Canadians to fend for themselves, the AFB shows we can do better, together."

The AFB plan:

  • reduces poverty and inequality by investing in child care, pharmacare, affordable housing, income supports, and post-secondary education,
  • tackles the ongoing crisis for First Nations housing, drinking water, education,
  • implements a long term, transparent and public plan for investments in infrastructure,
  • creates 300,000 jobs, lowering the unemployment rate to 6% by 2014, and
  • introduces a new top personal income tax bracket, closes the biggest tax loopholes, and introduces a withholding tax on tax havens.

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Alternative Federal Budget 2013: Doing Better Together is available on the CCPA website: http://policyalternatives.ca

For more information contact Kerri-Anne Finn, CCPA Senior Communications Officer, at 613-563-1341 x306.

Alternative Federal Budget 2013

Doing Better Together

Reports & Studies
Projects & Initiatives: Alternative Federal Budget

Alternative Federal Budget 2013: Coming soon!

Projects & Initiatives: Alternative Federal Budget

More than ever, Canada needs a budget that allows us to take back our fu­ture and to restore a sense of the public good — a sense that we can do bet­ter together rather than continuing on the dead-end path of austerity and market-driv­en “solutions” that don’t benefit the major­ity of Canadians.

Since 1994, the Canadian Centre for Policy Alternatives has produced such a vision. Each year, the Alternative Federal Budget (AFB) is created with the participation and support of researchers, activists, and a broad spectrum of civil society leadership — representing millions of people living in Canada.

The AFB is about demythologizing budget-making. It's about public accountability and collaboration. And it's about the millions of people living and working in Canada. This alternative vision demonstrates in a concrete and compelling way that by working together, we can do better. 

On March 12, the CCPA will release the 2013 Alternative Federal Budget. And this year, you can help!

Here's how:

Canada’s tax system needs ‘fairness’ reform

Projects & Initiatives: Alternative Federal Budget

According to a new study by CCPA economists Marc Lee and Iglika Ivanova, Canada’s tax system is in dire need of reform.

Fairness by Design: A Framework for Tax Reform in Canada finds that ad-hoc tax changes over the last two decades have seriously weakened the redistributive role of Canada’s tax system at a time when market inequalities call for more, not less, redistribution. The study also present a framework for a progressive tax reform strategy and recommends the establishment of a Fair Tax Commission to examine how federal taxes and transfers work together as a system and make recommendations for changes. 

Find out more in the full report, here.

Canada’s tax system needs fairness overhaul: study

News Release
Projects & Initiatives: Alternative Federal Budget

Fairness by Design

A Framework for Tax Reform in Canada

Reports & Studies
Projects & Initiatives: Alternative Federal Budget

Canada's Infrastructure Gap

Where It Came From and Why It Will Cost So Much To Fix It

Reports & Studies
Projects & Initiatives: Alternative Federal Budget

Why we need a Canadian sector development policy

Projects & Initiatives: Alternative Federal Budget

Today CCPA released a paper on sector development policy by Jim Stanford. The general goal of sector development policy is to attain a more desirable sectoral mix in the economy, winning a greater share of output and employment in identified high-value or “strategic” sectors than would otherwise be the case. Sector development policy has been historically important in Canada, given our ongoing national challenge to escape the “staples trap,” and become more than just a resource-supplier to other countries. We need more industries that add value to our resources (rather than exporting them in raw form); that generate more high-income, high-quality jobs; that embody technology and innovation; and that contribute to greater success in world markets. 

This report details the negative structural consequences of the mostly unregulated resource boom and proposes a set of measures which would help to minimize those negative side-effects of resource development, and contribute to a more balanced, successful, and sustainable industry mix in Canada’s economy in future generations.

Read the full report: A Cure for Dutch Disesase: Active Sector Strategies for Canada’s Economy.

A Cure for Dutch Disease

Active Sector Strategies for Canada’s Economy

Reports & Studies
Projects & Initiatives: Alternative Federal Budget
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