CCPA Policy Note

Entries Tagged as 'Provincial budget & finance'

Doubling contribution limit to Tax-Free Savings Accounts exposes true intent of a bad policy

April 15th, 2015 · · 1 Comment · Economy, Provincial budget & finance, Taxes

Last week, federal finance minister Joe Oliver re-affirmed that his government seeks to double the annual limit to Tax-Free Savings Accounts (TFSAs), from $5,500 to $11,000. This is a terrible idea. When the TFSA was first introduced, the claim at the time was that the policy was intended to support modest income people wanting to […]

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Balanced Budget Legislation – another zombie policy returns from the dead

April 11th, 2015 · · 1 Comment · Economy, Provincial budget & finance

Ah, here we go again – when seeking to assert credibility as sound fiscal managers, governments reach for the tired gimmick of “balanced budget legislation” (BBL). It’s not about good economics. Nor about good public policy. Just crass politics. And now the federal government is once again dangling this useless policy ploy. The CCPA-BC was […]

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Apples and oranges: Comparing BC and Ontario debt ratios

March 4th, 2015 · · 1 Comment · Economy, Provincial budget & finance

The February 18, 2015 edition of the Globe and Mail featured an article by the paper’s B.C. correspondent Gary Mason, which in part drew favourable attention to BC’s debt-to-GDP ratio in comparison with that of Ontario. On face value, B.C.’s reported debt-to-GDP ratio calculated from its most recent audited statements of 18.2% looks pretty good […]

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BC Budget 2015: Missed opportunity for climate change action

February 27th, 2015 · · No Comments · Ecology, Environment, resources & sustainability, Provincial budget & finance

Global warming and the other ecological impacts of climate change threaten our health—our very survival. As the impacts of climate change unfold, society will face increasing economic costs. Even the National Roundtable on the Environment and the Economy,  which some have criticized as being unduly influenced by the Conservative government, estimates these costs, which include […]

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BC Budget 2015 confirms it: we can afford the $10aDay Child Care Plan

February 26th, 2015 · · 2 Comments · Children & youth, Provincial budget & finance

Budget 2015 clearly shows that BC can afford to start implementing the $10aDay Child Care Plan now – and it can choose to do so without raising taxes, without cutting vital programs and services, and without going into deficit. A short and simple analysis, summarized below, provides one example of how investment in child care […]

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The early and fatal undermining of TransLink

February 25th, 2015 · · 5 Comments · Environment, resources & sustainability, Municipalities, Provincial budget & finance

Pete McMartin wrote an excellent column in the Vancouver Sun documenting the many ways that the provincial government has undermined TransLink. The upcoming referendum isn’t the first but rather the culmination of a two decade, tragically effective, bipartisan effort to prevent TransLink from doing what it was originally set up to do and what the region […]

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BC Budget 2015 snapshot: More revenue from MSP, tuition, but less money for public services

February 25th, 2015 · · No Comments · Provincial budget & finance

One way to measure a government’s commitment to public services is to see what percentage of the province’s wealth (GDP) the government spends on these services. According to government plans outlined in the Budget Documents: Health care spending will fall from 7.9% of GDP in 2012/13 to 7.5% in 2017/18. Education spending falls from 5.6% […]

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11 things you need to know about BC Budget 2015

February 17th, 2015 · · 31 Comments · Climate change, Economy, Employment & labour, Environment, resources & sustainability, Health care, Poverty, inequality & welfare, Provincial budget & finance, Taxes

1. Budget 2015 ends the claw-back on child support payments for single parents on welfare. This is estimated to put $13 million in the hands of some of the poorest British Columbians. It’s a good step forward, but it is very very small. $13 million is three hundredths of one percent of the provincial budget. […]

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Denying inequality is a problem for Canada won’t make it go away

January 8th, 2015 · · 1 Comment · Poverty, inequality & welfare, Provincial budget & finance, Taxes

Jock Finlayson’s article “Income inequality not a problem in Canada” misses the point. Just because inequality in Canada is somewhat lower than in the U.S. (the Western world’s most unequal country) doesn’t mean we don’t have a serious problem. The small decline in the share of income going to the top one per cent Finlayson […]

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New BC Auditor General report finds public private partnerships double the cost of borrowing

October 30th, 2014 · · 2 Comments · Privatization, P3s & public services, Provincial budget & finance

British Columbia’s new Auditor General, Carol Bellringer, published her annual report on government’s 2013-14 summary financial statements today and it contains some pretty interesting highlights. First of all, and for the first time, the AG has published a comparison of how much it costs the government to undertake projects on its own compared to using […]

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