http://www.caledoninst.org/Publications/PDF/622ENG.pdf “There are several positive measures, most notably the Working Income Tax Benefit, the Registered Disability Savings Plan and the proposed changes to the Equalization program.  Other provisions, like the child tax credit, are a large cup of wasteful spending. The funds could have been far better spent on an increased Canada Child Tax Benefit, additional child care spaces or […]
Read moreThe story below was the banner headline piece on page one of today’s Vancouver Sun, and is a perfect choice for the “we told you so” file. Three years ago, after being awarded the 2010 Olympics, our BC Solutions Budget (and in subsequent editions) made many of the same points as the Olympics Housing Roundtable’s soon-to-be-released report. This report, and […]
Read moreThis story in the Star points at (another) re-announcement of the Working Income Tax Benefit (WITB), a Canadian version of the US Earned Income Tax Credit first announced by then-finance minister Ralph Goodale in his economic and fiscal update prior to the last election. In the 2006 federal budget, the Tories announced they were continuing with the WITB, due to […]
Read morehttp://research.cibcwm.com/economic_public/download/srpt_rrsp_022007.pdf An interesting piece on retirement savings from CIBC. It highlights the huge increase in unused RRSP contribution room in recent years, and the widening contribution gap between higher and lower income Canadians. As of 2005, the median total asset value of RRSPs held by pre retirement persons aged 55-65 was just $60,000 – hardly enough to secure a decent […]
Read moreBC Budget 2007 is a “housing budget†that does not build much housing. The budget commits to a mere 250 new social housing units over two years – a far cry from the 2,000 per year that was built back when the federal and provincial governments were in the game (before 1993). At this pace, it will take 17 years […]
Read moreThe latest from the Toronto Star “war on poverty” series. Here is David Olive: A constant state of dread TheStar.com – News – A constant state of dread If the poor weren’t so conveniently invisible, maybe we’d come to our moral senses and devise a national strategy for eliminating poverty. But the one in six Canadians trapped in poverty […]
Read moreSFU economist Jon Kesselman makes the links between rising homelessness and BC’s abysmal welfare rates in this commentary from the Vancouver Sun: A whole $6! Every day! Imagine that you wake up each morning with six dollars burning a hole in your pocket. Let’s see: How might you spend your money? Maybe contemplate breakfast, a midday meal and supper […]
Read morehttp://www.statcan.ca/english/research/11F0019MIE/11F0019MIE2006286.pdf This study, “Pension Coverage and Retirement Savings of Canadian Families, 1986 to 2003”, released by StatsCan today, highlights increased inequality of retirement savings at the family level. Unsurprisingly given increased inequality of both earnings and wealth, the top quintile of families are accumulating more retirement savings than was the case in the mid 1980s, while those at the bottom […]
Read moreRemember a few years ago when Ireland was the talk of the chattering classes seeking to get big corporate tax cuts (they succeeded). Left unsaid at the time was that Ireland was the beneficiary of billions of euros in transfers in support of infrastructure, and that Ireland itself invested heavily in its education system (including free post-secondary education), and that […]
Read moreThe last federal Liberal Budget promised to introduce a tax credit to supplement the incomes of the working poor, and this commitment was re-iterated in the first Conservative Budget. The recent Toronto-based task force on Modernizing Income Security for Working Age Adults advocated such a supplement, and this widely-publicized proposal has been taken up by several of the leading federal […]
Read moreAn excellent article on issues facing the working poor in today’s Toronto Star cites a recent study by Human Resources and Social Development Canada in support of the employer counter-point that raising minimum wages would do little to help working poor families. http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&call_pageid=971358637177&c=Article&cid=1158531020220 Indeed, precisely this point is made in an August, 2006 HRSDC Working Paper “When Working is not […]
Read moreHaving just recently been out to a family farm (one of a dying breed) in Saskatchewan, it is clear that farmers are having a tough time of it these days – those that have not become employees working corporate farms. Squeezed between flat commodity prices and soaring input costs, many small farmers must hold down another full-time job off the […]
Read moreSenator Hugh Segal reviews the history and the need for a Guaranteed Annual Income: Canada’s on-again, off-again relationship with a guaranteed annual income (GAI) has made the rounds for many years. The most renowned recommendation for the GAI came out of the 1985 report of the Royal Commission on the Economic Union and Development Prospects for Canada, chaired by Donald […]
Read moreare homes. I find Globe columnist on BC, Gary Mason, obnoxious much of the time, but in this two-column effort to come to grips with Vancouver and Victoria’s growing army of street people, he gets it right. Time to try a home remedy for the homeless … In a groundbreaking study 15 years ago, Prof. Culhane found that 80 per […]
Read moreA few weeks ago, the Canada Revenue Agency sent my family our 2006 Canada Child Tax Benefit (CCTB) paperwork. At the time, what struck me was no mention whatsoever of the new Harper government’s “child care” allowance. This seemed a major omission and I wondered if we would have to fill out some more paperwork to get our $100 a […]
Read moreWriting in the Institute for Research on Public Policy’s Policy Options magazine, York University’s (and PEF member) Dennis Raphael comments on poverty in Canada: In modern industrialized nations such as Canada, poverty is best understood as a barrier to citizens, communities and entire societies reaching their full potential. Living in poverty limits participation in a wide range of cultural, economic, […]
Read moreMy latest column for The Tyee: Without any fanfare a report popped up on the web site of Human Resources and Social Development Canada this past month. No press release, no communications strategy at all. Just another statistical report on poverty in a society that thinks of itself as middle class. But this is not just another statistical report on […]
Read moreThe Globe and Mail’s Neil Reynolds does a hatchet job on Sweden. Alas, conservatives have called for the end of the Swedish welfare state for a long time, and this smear job may postpone the day that Canadians start looking at Sweden as a model we may want to emulate. Truth be told, I have never been to Sweden (though […]
Read moreThe Caledon Institute weighs in on income security for working age adults. The abstract is below but this does not give any of the details. The authors do a great job of describing why the current patchwork mix of EI and welfare does not work well. Towards a New Architecture for Canada’s Adult Benefits Ken Battle, Michael Mendelson and Sherri […]
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