Viewpoint describing how a small change to income tax rules could both expand the savings options of Canadians and improve access to private funding for small businesses
Created in 2009, Tax-Free Savings Accounts (TFSAs) provide a flexible savings option. But TFSA rules forget about small businesses, shows an MEI Viewpoint published today suggesting that the category of qualified investments be expanded. Large corporations are already well-served by various investment vehicles; it is now time to think of small companies as well. Tax-Free Savings Accounts are the perfect tool for this.
Viewpoint explaining that Quebec cannot afford to raise its sales tax because of tax competition from its neighbours and from online merchants
At the start of its mandate, the sitting Quebec government envisioned a profound reform of the tax system in Quebec that would stimulate economic growth by minimizing the impact of the tax burden, but without reducing government revenues. The main recommendations of the Godbout Report which resulted from this initiative were never implemented, however, despite a favourable reception on the part of Finance Minister Carlos Leitão.
Economic Note illustrating how a substantial minimum wage hike would be particularly harmful in rural regions
A strike of fast food restaurant employees in New York in 2012 gave birth to a movement demanding a substantial increase of the minimum wage in the United States, calling for it to rise to $15 an hour. Since then, several cities and states have established timelines for raising the minimum wage to that symbolic threshold. In Quebec, the major labour unions have taken up the charge, along with the symbolic $15 target.