Taxes and tax cuts
Canadians may remember Paul Martin’s pledge upon becoming Finance Minister that he would eliminate the government’s deficit, “come hell or high water. He fulfilled that promise mainly by slashing support for health care and other social programs, giving Canadians in the process painful doses of both hell and high water.
Ottawa--Canadians remember Paul Martin as the man who slew the deficit dragon "come hell or high water. " He fulfilled that promise by making the largest non-military public program cuts in Canadian history.
TORONTO--The McGuinty Liberals campaigned on promises to reinvest in public services, balance the budget, and to not raise taxes. With the Liberals' first provincial budget set to be released on Tuesday, the question is no longer how it will deliver on their promises but in what manner and to what extent it will fall short.
TORONTO--The first budget of the government elected to repair damage created by eight years of Harris/Eves cuts falls far short of what is needed to adequately respond to Ontario's public service crisis. According to an analysis of the 2004 Ontario budget from the Ontario Alternative Budget Working Group, rather than rebuild Ontario's revenue system to support real public services renewal, the Liberals chose to impose a surtax on middle income earners in the form of an OHIP premium--the single most regressive change in the personal income tax system they could made.
HALIFAX - According to a study released today by the Canadian Centre for Policy Alternatives the Hamm government's 10% income tax cut will increase the economic inequality between Halifax and the rest of the province, and between men and women. The study is the second part of the CCPA-NS series "Who really Benefits from Nova Scotia's Income Tax Cut." Using the most recent taxation data from Canada Customs and Revenue Agency, the study estimates the distribution of the income tax cut by counties and between women and men.
HALIFAX - According to a study released today by the Canadian Centre for Policy Alternatives the Nova Scotia provincial income tax cut for 2004 will provide minimal, if any, benefit to middle and low income taxpayers, while providing a windfall to wealthy Nova Scotians. The study is part of the CCPA-NS series "Who really Benefits from Nova Scotia's Income Tax Cut." Using the most recent taxation data from Canada Customs and Revenue Agency the study examines the distribution of the income tax cut between 13 income groups.
OTTAWA--Can the three major national parties pay for what they say? That's the question posed by a new study released today by the Canadian Centre for Policy Alternatives. Can they pay for what they say? A pre-election comparison of the Conservative, Liberal, and New Democratic platforms, by economists Ellen Russell and Sheila Block, assesses the ability of the parties to balance their budgets and deliver on their promises.