Finance Minister and Deputy Prime Minister Chrystia Freeland said this week that she didn’t want to set a deadline for the return to a balanced budget.

Taxpayers will be stuck with the bill for this endless government spending. The sound management of public finances is not just a concept, but an absolute necessity for the well-being of the population.

Economic nationalism unfortunately seems to be in vogue south of the border, and the latest Buy American provisions may have serious repercussions for Canadian manufacturers.

Considerations of both tax fairness and tax competitiveness therefore suggest Canadian governments need to adjust for inflation in calculating capital gains taxes.

Amazon figure aujourd’hui parmi les plateformes transactionnelles préférées des Québécois. Le ministre de l’Économie du Québec se dit inquiet et compte concurrencer cette plateforme avec Le Panier Bleu.

Dans le contexte inflationniste actuel, une décision plus judicieuse pour le gouvernement du Canada serait d’intégrer l’inflation dans le calcul de l’impôt sur les gains en capital.

The rising cost of living has pushed the central bank to act, and it has acted wisely, raising the policy interest rate. Now the federal government has to act.

The inflation rate in Canada has been rising constantly for several months now. Expansionary monetary policies, as well as the economic sanctions accompanying the Russia-Ukraine war, suggest that significant inflation may be with us for the medium to long term. High inflation erodes consumers’ purchasing power, and also has a negative impact on Canadian taxpayers—including through the capital gains tax, an issue the MEI’s researchers examined in this publication.

The federal government loosens the purse strings with such ease that there is good reason to worry about the national debt—already gargantuan—of over $1.262 trillion.

Les mesures politiques populistes telles que l’augmentation des impôts sur les banques et les compagnies d’assurance entraînent des coûts substantiels pour les consommateurs et les épargnants.