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Taxation

Are Electric Vehicle Subsidies Efficient?

Ontario and Quebec have set ambitious targets aimed at reducing greenhouse gases (GHGs), respectively 37% and 37.5% by 2030 compared to 1990 levels. The transportation sector is crucial for achieving these ambitious targets, since it represents over a third of the emissions of each province. These have therefore decided to implement, among other things, subsidies to electric vehicles. But is this injection of public funds the best use of our money?

Viewpoint – Housing Prices: Before Taxing Foreign Buyers, Scrap Rent Control

The government of Ontario has recently announced new policies intended to cool off its real estate market, imposing a 15% tax on foreign home buyers like the one enacted in 2016 in British Columbia, and also extending its rent control regulations. In Montreal, the opposition is asking the City to follow the example set by these two provinces. Quebec Finance Minister Carlos Leitão has said he is not interested in interfering with the market, and with good reason: This is precisely the kind of policy that contributes to the problem.

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