Taxpayers need to take action against talk of a home equity tax

The Liberals should stop acting like they're considering taxing the sale of your home

Taxpayers need to take action against talk of a home equity taxBy Franco Terrazzano and Kris Sims Politicians think we should trust them just because they pinky promise not to impose a home equity tax, but Canadians pay members of Parliament to do more than talk a good game. MPs need to prove they won’t bring in a home equity tax by scrapping the requirement to…

And the winner is: more stories of government waste

Canada is more than $1 trillion in debt. Maybe it’s time to stop wasting taxpayers’ money

And the winner is: more stories of government wasteBy Franco Terrazzano and Kris Sims How do you scare a polar bear? You don’t. They are apex predators and could eat you whenever they want. But that didn’t stop the government of Manitoba from spending $150,000 replacing diesel tundra buggies with whisper-quiet electric vehicles so tourists wouldn’t frighten the bears away. Too bad they…

High and hidden taxes driving up the pump price

It's time our politicians did what's right and cut taxes to help Canadians afford their daily needs

High and hidden taxes driving up the pump priceAs far as Canadian politicians are concerned, the soaring cost of living is like winter slush, summer mosquitos and other unfortunate forces of nature. They would love to help, but what can they do? Here’s an idea: our politicians just need to follow the lead of other countries and cut the stack of hidden taxes…

Canada’s electric vehicle ambitions are pure foolhardy fantasy

Here are facts for Canadians forced to face the real-world impact

Canada’s electric vehicle ambitions are pure foolhardy fantasyThe marvellous Christmas movie The Polar Express, starring the inimitable Tom Hanks, ends with the words “anything is possible, if you only believe.” Except, as adults understand, many things aren’t possible, not even if some people do believe them. An obvious example is the fantasy that the 84 per cent of global energy supplied by…

Canada’s richest companies riding the inflation gravy train

Some corporations are doing better than ever while Canadians struggle with skyrocketing cost of living. Let’s tax them

Canada’s richest companies riding the inflation gravy trainInflation in Canada is the highest it’s been since the 1990s, but the reason behind the rising cost of living is different this time and rich corporations are part of the story. Canada hit a new all-time high in corporate profits between October and December last year – $139 billion in pre-tax profits, to be…

Ontarians footing the bill for election attack ads

The taxpayer-funded gravy train that just keeps on giving

Ontarians footing the bill for election attack adsIf you don’t like the idea of burning piles of cash in your living room fireplace, the way political financing works in the province of Ontario will make your blood boil. With election day a week away, millions of Ontarians are being forced to watch political ads that make them want to stop paying their…

Via Rail should be shut down or sold by the federal government

Operational and funding costs are huge: $548M in 2019 (before COVID-19) and $597M in 2021

Via Rail should be shut down or sold by the federal governmentInvestment managers and investors should often ask: If I didn’t already own this stock, would I buy it today? By any criteria, Via Rail, a federal Crown corporation, is not a good investment – even under unrealistically favourable assumptions. The federal government should rigorously examine this charitably-designated ‘enterprise,’ then aim it toward one of two…

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…

Trudeau looking at a wealth tax to pay for soaring spending

Its impact on the overall economy means everyone will suffer

Trudeau looking at a wealth tax to pay for soaring spendingPrime Minister Justin Trudeau is eyeing a wealth tax to pay for his government’s spending spree. Heavily redacted documents obtained by the Canadian Taxpayers Federation show Trudeau asked for an analysis of a $60-billion wealth tax. With indefinite deficits looming, it must be tempting to grab that cash. But a wealth tax would inflict economic…

With high inflation, capital gains are overtaxed even more

High inflation distorts the application of the capital gains taxes that many of us pay

With high inflation, capital gains are overtaxed even moreBy Valentin Petkantchin and Olivier Rancourt Montreal Economic Institute The 5.7 per cent year-on-year inflation Canada registered in February has not been seen since the early 1990s. Expansionary monetary policies and the economic sanctions accompanying the Russia-Ukraine war suggest that significant inflation is here for a while. High inflation not only erodes our purchasing power,…
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