Critical tax theory argues that tax fairness should take into account race, gender, and sexual orientation Imagine if, in her recent budget, federal Finance Minister Chrystia Freeland announced higher taxes on capital gains – except for women, visible minorities and Black, LGBTQ+ and Indigenous Canadians. Most people would be appalled. But woking up the tax
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Finance
Supporting the Prosperity and Success of Black Entrepreneurs
on April 24th, 2024
When I arrived in Quebec from my native Cameroon in 1986, I sensed early on that entrepreneurship would be my path. Eager to start my own business, I naturally turned to financial institutions for initial funding. However, I quickly realized that bringing my ideas to fruition would not be as easy as I had imagined.
Government Overspending is Literally Killing Our Country
on April 8th, 2024
Canada’s debt exceeds $1.2 trillion, or nearly $31,000 for every person in the country New Year’s and hangovers go together like rum and eggnog. Some hangovers can be eased with a fistful of Tylenol and rehydration. Others, however, linger on, causing long-term damage to our future health. Such is the crapulence imposed on us
Believe it or Not, there is Good News About Rising Interest Rates
on January 26th, 2024
Higher interest rates carry the potential to drive productivity, a critical factor in a better standard of living The era of continuously declining interest rates, which lasted for 40 years, has come to an end. Businesses and governments now face a new period of higher interest rates. While this shift may initially appear detrimental
Trudeau Must Slim Down Bloated Bureaucracy
on January 16th, 2024
The cost of the bureaucracy ballooned from $39 billion to almost $61 billion since Trudeau took office No matter how many Christmas pounds you put on over the holidays, you can take some joy in knowing you’re still not as bloated as Prime Minister Justin Trudeau’s government. A good New Year’s Resolution for Trudeau would
CEO Pay in Canada Continues to Soar Unrestrained
on January 7th, 2024
We need to rein in excessive CEO pay through taxation As Canadians struggle with a cost-of-living crisis, Canada’s top CEOs are making more than ever before. The 100 highest-paid CEOs broke every compensation record on the books in 2022, receiving, on average, a whopping $14.9 million. Those CEOs made 246 times more than the
Rich Canadians Walked Away from The Pandemic Much, Much Richer
on December 4th, 2023
Income inequality soars as rich Canadians get richer A hundred Canadians are standing in a room together, with $100 on a table. They’re figuring out how to divide the money. In this thought experiment, that $100 represents all of the income earned by all Canadians in 2021 – a year into the pandemic, when governments
Price Controls A Misguided Weapon in the Inflation Battle
on October 10th, 2023
Zap! You’re frozen! has never worked. Why is Trudeau floating price controls now? If we could tame inflation with laws and regulations, we would have discovered it by now. But that’s not stopping Prime Minister Justin Trudeau from letting it be understood that he’s getting ready to try once again where so many others
To Boost Productivity, We Require Investments, Not Subsidies
on September 13th, 2023
Canada’s low productivity rate due to a lack of business investment is leading to a fall in our living standards The Trudeau government has been crowing about how Canada has had “the strongest economic growth in the G7” coming out of the pandemic, which is true. But it neglected to mention that this growth was
Taxing Capital Gains Doesn’t Hurt Productivity, But Inequality Certainly Does
Canada’s productivity was higher during periods when capital gains taxes were higher The recent furor over the federal government’s capital gains tax increase has shone a light on the fact that, since 2000, the wealthiest Canadians have enjoyed a tax holiday on half of their income made through selling investments like stock and property while