Taxes and tax cuts

Subscribe to Taxes and tax cuts
Une journée dans la vie nos impôts
A day in the life of your taxes
According to CBC news, 45% of Canadians wait until the last week before the deadline to file their tax returns. The mad pencil sharpening, digging through receipts and online filing is unlikely to generate a great deal of goodwill towards the tax collector. Perhaps this is why the Winnipeg Free Press chose April 30th to run two anti-tax View from the West Editorials from the Fraser Institute and Canadian Taxpayers Federation.
Hennessy's Index is a monthly listing of numbers, written by the CCPA's Trish Hennessy, about Canada and its place in the world. For other months, visit:
Last week’s provincial budget falsely claims that the proverbial cupboard is bare and that nothing can be done to meet any of BC’s most pressing social, economic and environmental challenges.
(Halifax / Moncton) Les auteurs d'un nouveau rapport estiment que la province du Nouveau-Brunswick pourrait voir ses revenus annuels augmenter de plus 260 millions de dollars par année si seulement elle choisissait de faire des changements progressifs à son impôt sur le revenu. Le Centre canadien de politiques alternatives de la Nouvelle-Écosse (CCPA-NS), un institut de recherche non partisan sans but lucratif, a publié un rapport mettant en cause la politique fiscale que le gouvernement du Nouveau-Brunswick a adoptée au cours des trois dernières années.
(Halifax/Moncton)—The authors of a new report estimate that the New Brunswick government could increase its annual revenue by more than $260 million per year, if it chooses to make progressive changes to its income tax system. The Canadian Centre for Policy Alternatives, Nova Scotia (CCPA-NS), a non-partisan, not-for-profit research institute, has released a report questioning New Brunswick government tax policy over the past three years.
Le Nouveau-Brunswick est à une croisée des chemins. Adopter un système d’impôt progressif est le choix clair. En augmentant les impôts de manière progressive, le gouvernement peut maintenir et même élargir les dépenses au-delà de ce qu'elle serait autrement être en mesure de le faire, tout en réduisant le déficit. En comparaison avec l'alternatif - la réduction d'emplois et de services pour payer le déficit - le résultat devrait être une augmentation nette des dépenses et l'activité économique, ainsi que d'une meilleure qualité de vie.
New Brunswick is at a crossroads. Moving toward a more progressive income tax formula is a clear choice. By raising taxes in a progressive way, the government can maintain and expand spending beyond what it otherwise would be able to do, while also reducing the deficit. Compared with the alternative—cutting jobs and services to pay down the deficit —the result should be a net increase in spending and economic activity, as well as an improved quality of life.
For many grade 12 students spring is university application season. But in Western Canada, youth living in families with an annual income over $100,000 are still more than twice as likely to attend university than youth with family income under $25,000. This is hardly surprising, given average tuition fees run over $4,800 a year these days, but it’s fundamentally inequitable. It undermines social cohesion and there are real economic costs to all of us when we don’t fully utilize the skills and capabilities of all our citizens.