Will the PEI government fix the bracket creep loophole?

Bracket creep has cost taxpayers too much for too long

Will the PEI government fix the bracket creep loophole?If a business overcharged you by $450, you might want an explanation. The least that business could do is stop overcharging you in the future. Prices for everything from groceries to gasoline are going up fast enough without overcharges on top. Prince Edward Island MLAs owe Islanders an explanation about their income tax bills. The…

Inflation is increasing PEI families taxes again

Prince Edward Island has to stop digging into Islander families’ pockets

Inflation is increasing PEI families taxes againThe government of Prince Edward Island seems happier to acknowledge inflation’s impact on your wallet than to do something about it. Prince Edward Island is one of only three Canadian provinces – along with Alberta and Nova Scotia – that does not index any tax brackets to inflation. As a result, the tax code pushes…

Atlantic Canada missing out on potential oil and gas boom

Energy sector created more than 20,000 jobs and nearly $7 billion in GDP in 2017 alone

Atlantic Canada missing out on potential oil and gas boomBy Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre Next year will mark 30 years of offshore oil and natural gas production in Atlantic Canada. In that time, Atlantic Canada has been the primary source of human capital for the oil and gas industry in other parts of Canada, while being a significant recipient of…

Atlantic Canada won’t prosper until it kicks the equalization habit

Taxpayers from so-called have provinces can no longer afford to subsidize the Atlantic provinces

Atlantic Canada won’t prosper until it kicks the equalization habitFor many years, there has been debate about equalization and other transfer programs and their impact on Atlantic Canada and other regions. Much of this discussion has been technical and difficult to follow. The debate has also been misleading because it focused on equalization even though equalization is only about a quarter of the net…

Freer cross-Canada trade will most benefit Atlantic provinces

A number of restrictions inhibit labour mobility, as well as the free trade of goods and services. And trade barriers add regulatory burdens on businesses

Freer cross-Canada trade will most benefit Atlantic provincesBy Ben Eisen and Alex Whalen The Fraser Institute When many people think about threats to free and open trade to Canada, they immediately consider the protectionist outlook of departing U.S. President Donald Trump. In 2020, another obstacle to the free movement of products and people across boundaries has been the COVID-19 pandemic. However, even…

Atlantic Canada facing a political vulnerability

Fiscal federalism, the lifeblood of the region's economy, faces increasing pressure for reform, especially in the post-COVID-19 world

Atlantic Canada facing a political vulnerabilityMassive government spending has landed the four Atlantic provinces at the bottom of economic freedom rankings among the 10 provinces and 50 U.S. states, according to the new Economic Freedom of North America report. Newfoundland and Labrador and Prince Edward Island are tied at the bottom, just below Nova Scotia (58th) and New Brunswick (57th).…

How Atlantic Canada fortunes and oil and gas are intertwined

How Atlantic Canada fortunes and oil and gas are intertwinedBy Mark Milke and Ven Venkatachalam Canadian Energy Centre Atlantic Canada struggled to create good-paying jobs long before the COVID-19 pandemic. The multiple reasons include poor policy and high taxes on businesses and individuals. Poor policy reinforces other lousy policy, leading to a self-reinforcing downward economic spiral. For instance, previous governments formed policy forbidding fracking…

COVID crisis opportunity for trade reform in Atlantic Canada

Eliminating trade barriers can help accelerate the economic recovery

COVID crisis opportunity for trade reform in Atlantic CanadaBy Alex Whalen and Ben Eisen The Fraser Institute Earlier this summer, the four Atlantic provinces formed the “Atlantic Bubble” as the region works toward freer movement of people amid the COVID crisis. And clearly, the pandemic’s effect on the economy underscores the value of free movement of people and goods, which – on the…