BC Finance Minister Kevin Falcon says he is keen to take a fresh look at the BC tax system. He is welcoming new ideas, and he even wants your opinion. He has struck an “expert” panel to review BC’s tax regime, and in early January the government launched an online tool that the public can [...]
Entries Tagged as 'Taxes'
Kevin Falcon’s narrow take on tax options
January 28th, 2012 · Seth Klein · 4 Comments · Economy, Provincial budget & finance, Taxes
Top 10 Reasons for Upper-Income Tax Increases
January 17th, 2012 · Seth Klein · 21 Comments · Poverty, inequality & welfare, Taxes
Some feel we shouldn’t increase taxes on upper-income folks. After all, people know best how to spend their money, whereas the government will only waste it on needless activities. Well then, I humbly submit the following Top 10 list of reasons for upper-income tax increases (in descending order). #10: Ridiculous real estate. Check out Vancouver’s [...]
Tags: inequality·Taxes
Tackling inequality means rethinking upper-income tax rates
December 23rd, 2011 · Seth Klein · Comments Off · Poverty, inequality & welfare, Taxes
2011 was the year rising inequality finally exploded into the mainstream discourse. A few year-end reading recommendations: Victoria Times-Colonist editorial writer Paul Willcocks wrote a terrific piece on the subject (you can find it here); and similarly, a group of UBC economists (including CCPA research associate David Green) authored a series on inequality for the [...]
Tags: inequality·Taxes
BC’s Top 1%: Doing fabulous, thank you
October 11th, 2011 · Seth Klein · 9 Comments · Poverty, inequality & welfare, Taxes
Occupy Wall Street has shone new light on the growing gap between the richest 1% and the rest of us (the 99 percenters). But that’s the U.S. right? Surely, our reality is different, eh? As the occupy movement comes to Canada in the coming week, we don’t really have reason to copy these American trouble-makers, [...]
Tags: inequality·tax cuts·Taxes
The real impact of HST’s defeat on provincial finances
September 9th, 2011 · Iglika Ivanova · 16 Comments · Economy, Provincial budget & finance, Taxes, Transparency & accountability
On Sept 8, Finance Minister Kevin Falcon released a much anticipated update on provincial finances. The Minster’s presentation focused on highlighting the cost of the move back to PST/GST, providing some large numbers for the media headlines, instead of looking at the big picture. In case you missed the media coverage, the provincial coffers are [...]
Hochstein and the demand to cut union wages
August 8th, 2011 · Keith Reynolds · Comments Off · Employment & labour, Municipalities, Poverty, inequality & welfare, Taxes
Last week Philip Hochstein had an op-ed in the Vancouver Province accusing municipalities of profligate spending and accusing municipal workers of being vastly overpaid. Hochstein is president of the Independent Contractors and Business Association of BC – representing non union construction corporations. He is the public face of the hard right in British Columbia and has [...]
Christy’s HST “fix”: politics trumps good policy
May 26th, 2011 · Seth Klein · 18 Comments · Taxes
This is no way to make tax policy. Wednesday’s proposed reforms to the HST provide yet more evidence that what we really need is a Fair Tax Commission –– a full public engagement exercise in which the entire tax regime is on the table, and people can deliberate on how we want to raise the [...]
How income splitting works and who does it work for: some practical examples
March 29th, 2011 · Iglika Ivanova · Comments Off · Economy, Poverty, inequality & welfare, Taxes, Women
Income-splitting works by allowing families to allocate more of their earned income to a lower tax bracket by sharing the earned income between the spouses when filing taxes. The maximum amount of income that can be split this way is $50,000. Income-splitting makes a difference to a family’s tax bill because we have a progressive [...]
Income splitting: a poorly targeted non-commitment with negative labour market implications
March 29th, 2011 · Iglika Ivanova · 6 Comments · Economy, Education, Employment & labour, Poverty, inequality & welfare, Taxes, Women
I was on the CBC Early Edition this morning, discussing Stephen Harper’s first election promise: income splitting for families with children. If you missed it, you can listen to the podcast here (I’m at about 1:08:00 onwards). Since five minutes is too short for any kind of informed discussion, and I think that informed discussions [...]
Tags: Conservatives·families·income splitting·Stephen Harper·Taxes
Big municipal tax shift a great deal for business
November 7th, 2010 · Blair Redlin · 1 Comment · Economy, Environment, resources & sustainability, Municipalities, Taxes
Municipal spending and municipal taxes are amongst the lowest in Canada. KPMG says businesses in Vancouver have the lowest business taxes amongst 41 cities they studied. So how come the pressure keeps coming to shift property taxes away from business and on to residential taxpayers?
Tags: role of government·tax cuts·Taxes
