Thoughts on BC Politics and More

T he federal government’s recent tax increase on t op earn ers will not raise the level of revenues expect ed and will eventually reduce government revenue , finds a study released today by the Fraser Institute, an independent, non - partisan Canadian public policy think - tank. “ When governments raise tax rat es with an eye on more revenue, taxpayers respond by working or investing less, or legally shifting income or expenses to reduce their taxes, which results in less additional revenue than governments expect ,” said Finn Poschmann, resident scholar at the Fraser Institut e. In Revenue Effects of Tax Rate Increases on High - income Earners , Ergete Ferede, study author and a ssociate p rofessor of e conomics at Mac Ewa n University in Edmonton, spotlights the federal government’s to p personal income tax rate increase (from 29 per cent to 33 per cent), which took effect in 2016. He accounts for the fact that when income tax rates change,...

Not many days ago, Andrew Scheer, released the Conservative Party of Canada’s Climate Plan Conservatives stated that they have a proud legacy when it comes to protecting Canada’s natural environment and improving Canada’s environmental performance ... and that the plan announced by Scheer, A Real Plan to Protect Our Environment , builds on this proud legacy. These policies, the party indicated, will further lower Canada’s greenhouse gas emissions and strengthen environmental protections -  without  taking money out of Canadians’ pockets. It is built on three policy principles: Green technology, not taxes A cleaner and greener natural environment Taking our fight, against climate change, global A Real Plan to Protect Our Environment is Canada’s best chance to meet the Paris targets, without a carbon tax. And what does Paul Willcocks and the Tyee have to say about this plan? Conservative Leader Andrew S...