A nimble economy requires innovation in such areas as tax policy, an educated workforce and immigration policy The economic and business environment in which British Columbia operates is shifting and changes are necessary if the province is to remain vibrant. A number of trends are transforming the global economy. The principal forces identified by the
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tax policy
Tax Policy Obstructs Growth of Canadian ‘Knowledge-Based’ Economy
on March 28th, 2016
Discourages people from engaging in productive economic activity, including in the knowledge based activity Governments across the country, both federal and provincial, want Canada to become a knowledge-based economy that attracts and retains the world’s brightest and most talented while ensuring all Canadians realize their full potential. For example, Prime Minister Justin Trudeau, in his
Thanks for paying to have my teeth cleaned
The private health insurance subsidy does result in more people being covered for prescription drugs and other health care than would otherwise be the case. This is undoubtedly a good thing. But the cost is high – the federal government alone left more than $3 billion on the table in 2011 by not taxing private health insurance contributions made by employers.