CCPA Policy Note

Entries Tagged as 'budget'

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

April 15th, 2015 · · 2 Comments · 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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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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If the political will is there, the money is too to settle teachers’ dispute

September 13th, 2014 · · 1 Comment · Children & youth, Education, Provincial budget & finance

I’ve submitted the following Letter to the Editor to the Vancouver Sun. Hoping they publish it in the next couple days: Enough with the pleas of a bare cupboard from the Premier, Finance Minister and Education Minister. If the political will is there, there is plenty of money to settle the teachers’ dispute, hire more […]

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BC government using affordability excuses to underfund education and health

August 11th, 2014 · · 7 Comments · Economy, Education, Privatization, P3s & public services, Provincial budget & finance

Affordability is becoming the new buzzword of the BC government. In the dispute with teachers, for example, the Minister of Education has repeatedly argued demands for lower class sizes and improved class composition, as well as fair wages, are unaffordable and unrealistic (see here). When parents and businesses make the case for more public funding […]

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How Doctors are Paid in BC

February 22nd, 2014 · · 3 Comments · Health care, Provincial budget & finance

  [A version of this piece was posted on the Tyee] Health care is the biggest, most expensive and most important thing that government does. Hospital care swallows up a large proportion of the health care budget, but primary care in the community takes care of most patient needs and keeps people out of hospital. […]

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7 things that should be in this year’s BC Budget

February 17th, 2014 · · 3 Comments · Climate change, Economy, Education, Poverty, inequality & welfare, Provincial budget & finance

In the fifth year of a slow and largely jobless economic recovery, the 2014 BC Budget should prioritize measures to set the foundation of a more just and sustainable economy, where prosperity is shared by all citizens. Here are 7 initiatives that will get us there. 1. A comprehensive poverty reduction plan Combating poverty is […]

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With BC’s job market stalled, it’s time for a jobs plan that actually works

August 13th, 2013 · · Comments Off · Children & youth, Economy, Employment & labour, Environment, resources & sustainability, Provincial budget & finance

The latest BC job numbers reveal a picture of persistently high unemployment and stalled job creation. Since January, BC’s unemployment rate has been on a roller-coaster ride, down one month and up the next. All in all, here have been very few jobs created in 2013, far fewer than needed to employ our growing working […]

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Reality check on government spending: is the overspending fear mongering justified

May 9th, 2013 · · 2 Comments · Economy, Provincial budget & finance

Both main parties in this election campaign are accusing the other of being big spenders. The BC Liberals claim the BC NDP is making election promises that are too expensive and argue the 1990s (the last time the NDP was in government) was a time of particularly high spending. The BC NDP points out that […]

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Assessing BC’s Fiscal Health: Can BC afford more deficits?

April 17th, 2013 · · Comments Off · Economy, Provincial budget & finance, Taxes

By Seth Klein and Iglika Ivanova [Note: this piece has also appeared in the Tyee here.] OK, time for a reality check on BC’s deficits. Simply put, while arguments about deficits and “who is the better fiscal manager” may make for entertaining politics, there is no compelling economic reason why BC cannot run a few […]

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