CCPA Policy Note

Entries Tagged as 'Taxes'

A BC framework for LNG, part two: the LNG income tax

October 21st, 2014 · · 3 Comments · Energy, Provincial budget & finance, Taxes

Well, we saw this coming but it’s still sobering to see it in black and white. The BC government’s decision to cut its proposed LNG Income Tax in half (from 7% to 3.5%) is simply a cave in to industry. It’s massive giveaway of a public resource to global corporations by a desperate government who put […]

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Competitiveness vs public benefits: the LNG tax and regulatory regime

October 7th, 2014 · · 1 Comment · Energy, Environment, resources & sustainability, Taxes

This Fall’s legislative sitting will be an important one for shaping the future of LNG in BC. Will one or more companies make final investment decisions? And if they do will there be any public benefits? One of the key questions is whether the BC government will cave on its proposed 7% LNG income tax rate. Industry has […]

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Why teachers are still striking

September 12th, 2014 · · 2 Comments · Education, Employment & labour, Provincial budget & finance, Taxes

Speech to the Langley Teachers Association’s Public Forum on Education Delivered July 16, 2014. Check against delivery. I have a slightly different take because I don’t come from the labour movement or from the education sector – I come as an economist, so I’m going to talk a little bit about numbers. But before I […]

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BC’s Awkward Surplus

September 11th, 2014 · · 14 Comments · Children & youth, Education, Provincial budget & finance, Taxes

On Tuesday, the Ministry of Finance reported results from the first quarter of 2014/15. While the news release stated “B.C.’s budget remains balanced in spite of extra costs,” there is a projected surplus of $266 million for the current fiscal year. In reality it will likely be much higher, due to the usual practice of using conservative planning […]

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How have taxes changed over the last half century

August 12th, 2014 · · 3 Comments · Taxes

The Fraser Institute’s annual Consumer Tax Index report generated some media buzz with its outlandish claims about just how much taxes have risen since 1961. Before you get worked up about this, consider that 1961 was over half a century ago, before the time of universal health care that we all benefit from, before the […]

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How to fund improvements in class-size and composition: a matter of political will

June 3rd, 2014 · · 28 Comments · Children & youth, Education, Taxes

If a compromise is to be reached in the current bargaining between teachers and the government, the long-standing issue of improving class-size and composition must be resolved. The government insists that there is no money to make substantial improvements in this area (notwithstanding multiple court losses telling the province that it must make good on […]

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Don’t believe the (LNG) hype

April 30th, 2014 · · Comments Off · Energy, Provincial budget & finance, Taxes

Today we released a new report, Path to Prosperity? A Closer Look at British Columbia’s Natural Gas Royalties and Proposed LNG Income Tax, about liquefied natural gas (LNG ) development in BC, and the public revenues that might be expected. So far, LNG has lacked a real public debate. On one side, we have the […]

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What you need to know about BC Budget 2014

February 18th, 2014 · · 4 Comments · Economy, Employment & labour, Health care, Provincial budget & finance, Taxes

Today’s 2014 BC budget contained very little news, as expected. Despite a significantly weaker economic picture for BC than what was projected in the June 2013 Budget Update, there are no new measures to help British Columbian families struggling with economic insecurity in the weak job market. Five years after the recession officially ended, BC […]

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Does Premier Clark, the great petro pretender, have a Plan B?

June 24th, 2013 · · 6 Comments · Climate change, Economy, Energy, Environment, resources & sustainability, First Nations & Aboriginal, Taxes

In January, one of the world’s most sophisticated deep-sea drilling vessels, the $540-million Chikyu, left the Japanese Port of Shimizu destined for a distant point in the Phillippine Sea. The voyage marked a milestone in what by then was an 18-year, $700-million research and development effort aimed at one day weaning Japan off of its […]

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CFIB spokesperson blames downloading for muni cost increases

May 31st, 2013 · · 2 Comments · Municipalities, Taxes

The Canadian Federation of Independent Business (CFIB) published a report this week talking about the alarming rate of increase in municipal spending and blaming it all on overpaid public employees. It turns out their numbers are suspect but there are other problems that raise questions about whether this is just about a political agenda. BC’s […]

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