Tax Reform

B.C.'s Business Tax Regime Needs Competitive Jumpstart

One item sorely missing from the B.C. finance minister's recent budget was a plan to make the province's business taxes more competitive and attractive for investment. When the province shifted back to the PST last year, the cost of doing business and investing increased dramatically. Disappointingly, de Jong's budget did nothing to address this shackle around BC's economy. Tax reform, however, might be the light at the end of tunnel.
Alamy

Cut Spending -- Don't Just Slow Its Growth

With federal Finance Minister Jim Flaherty poised to unveil his 2014 budget on February 11, early signs point to a business-as-usual budget with his government staying focused on eliminating the deficit in 2015 and creating the fiscal room to provide tax relief in next year's budget. But Flaherty could take a different approach and positively surprise Canadians.

Alberta's Intergenerational Theft: We're Just Getting Started

Future Albertans, future children and grandchildren of this province call the cops, you have been robbed. Actually, robbed may be too generous a term: this has been no shoplifting offense. You have been victim of grand larceny. This theft is on par with the scam pulled by Bernie Madoff. It makes the Great Train Robbery look like child's play.
Getty Images

Harper's Made Alphabet Soup of our Tax System

The conclusion of a study in the Canadian Tax Journal that Tax Free Savings Accounts (TFSAs) have become yet another tax break that favours high-income Canadians should come as no surprise. Since 2006, the Harper government has worsened the alphabet soup of exemptions and tax credits that passes for our tax system, by essentially bribing certain segments of the population.
AP

The Case For a Flat Tax

Left-wingers and other pro-big government advocates call this sort of tax policy "progressive," but in reality such taxes actually retard progress. Just think about it. A higher tax rate for higher incomes and profits essentially means the government is financially punishing success.