Taxes

Why increasing government spending makes economic sense

Feb 14, 2022
By
Author’s note: The latest BC government throne speech promised “to help solve big challenges – like inequality and climate change – with growth that is inclusive and sustainable.” CCPA-BC will closely analyze the upcoming BC Budget to determine whether the government’s intention is backed by the increased levels of public investment needed to meet the… View Article

Time to reform the unfair Home Owner Grant—here’s how

Jan 28, 2022
By
Early January showed how much BC’s housing system is biased towards existing homeowners to the detriment of renters and housing affordability. First, the latest property value assessments in BC revealed double-digit increases across the board. Large annual increases, such as the 16 per cent hike we see in the City of Vancouver, have become the… View Article
Tax the rich

Robust wealth tax could raise $363B over 10 years

Sep 14, 2021
By
Amid a rise in extreme inequality, the idea of an annual tax on the wealth of the super-rich has risen to prominence in recent years in many countries. New analysis shows that a robust wealth tax in Canada—one that goes further than those currently on the table in the federal election—could raise well over a… View Article

BC Budget 2021: Stay-the-course budget misses the mark on key areas of urgency outside health

Apr 20, 2021
By and
The BC government tabled a surprisingly stay-the-course budget today, making some improvements on the margins but missing the opportunity to shift BC towards a more inclusive and sustainable economy. While it appropriately includes large sums of time-limited spending relating to the pandemic (and indeed BC has led other provinces on pandemic spending), it is scarce… View Article

One year later: Canadian billionaire wealth up by $78 billion

Apr 14, 2021
By
One year into the COVID-19 pandemic that has upended the lives of millions of people in this country, Canadian billionaires have increased their wealth by $78 billion. Data from Forbes’ “real-time billionaires” listing on April 7 compared with a snapshot provided by their annual billionaires report last year shows this massive increase in wealth. Together,… View Article

Tax cuts won’t cure what ails us

Oct 2, 2020
By
Major tax cuts are on the table in BC’s election—namely, cuts to the provincial sales tax (PST) and speculation tax. But these proposals won’t help us meet the challenges the province faces. Whether the goal is economic stimulus, helping households in need or addressing long-term gaps in our social and physical infrastructure, tax cuts are… View Article

Now is not the time to panic over the federal debt

Sep 22, 2020
By
Public policy in Canada remains haunted by large deficits that prevailed in the 1980s and early 1990s. With COVID-19 economic response pushing the federal deficit to an estimated $343 billion in 2020/21, some pundits are starting to beat the deficit panic drum again.  Don’t let big numbers scare you. Here’s why we shouldn’t be worried. … View Article