2-minute read
Workers are the first to suffer from corporate tax hikes, according to the Montreal Economic Institute
Montreal, December 8, 2010 – The fact that governments have made considerable efforts in recent years to reduce the tax burdens of businesses is good news for workers. In fact, corporate income taxes mainly harm workers, in addition to scaring off foreign and local investors. "Taxing corporations instead of individuals can be a very seductive option politically.
2-minute read
Meeting of education partners – Tuition fees must be liberalized, according to the Montreal Economic Institute
Montreal, December 6, 2010 – As part of the next "meeting of education partners" on December 6 to discuss university financing and accessibility, the Montreal Economic Institute (MEI) suggests allowing universities to set their own tuition fees and letting those fees vary according to program of study.
3-minute read
The “rich” pay more than their share of taxes, according to a Montreal Economic Institute study
Montreal, November 19, 2010 – In an Economic Note published today by the Montreal Economic Institute (MEI), Germain Belzile and Michel Kelly-Gagnon compare the tax burdens of different Quebec taxpayers according to their income. With the assistance of a tax specialist from Samson Bélair/Deloitte & Touche, they conclude that not only do "the rich" not escape from paying taxes, their tax contribution is substantially greater than their share of income, contrary to popular belief.
2-minute read
Investissement de Pfizer à Montréal: une initiative qui enrichira le Québec
Montréal, 11 novembre 2010 –La pharmaceutique Pfizer a dévoilé hier un plan d’investissement de 22 millions de dollars pour des travaux majeurs à son siège social, situé à Kirkland. Cette annonce est une bonne nouvelle pour l’économie montréalaise et québécoise.
2-minute read
The Montreal Economic Institute rewards economic education work by two journalists
Montreal, November 1st, 2010 — The Montreal Economic Institute (MEI) has given its two annual economic journalism awards, together with grants of $3,000 each, to Neil Reynolds, a columnist with The Globe and Mail, and to Annie Dufour, an economic journalist with TVA news.
2-minute read
Léger Marketing Opinion Poll: a return to budget balance desired as of next Quebec government budget
Montreal, October 21, 2010 – A Léger Marketing poll released today by the Montreal Economic Institute (MEI) finds that a majority of Quebecers (51%) want a return to budget balance as of the next Quebec government budget, whereas 32% want to wait until 2013-2014, as the government plans. Moreover, 80% of respondents stated that the government should reach this objective by reducing spending.
2-minute read
SGF: no mistake made, its returns are poor
Montréal, October 13, 2010 – Following the release last week of a study prepared by Claude Garcia and published by the Montreal Economic Institute (MEI), Pierre Shedleur, the CEO of the Société générale de financement (SGF), declared that Mr. Garcia’s analysis was mistaken in evaluating the SGF’s historical returns at -1.0%. The real number, he claims, should be 0.3% if dividends paid are included.
2-minute read
The merged SGF’s mandate must be redefined, according to a Montreal Economic Institute study
Montréal, October 7, 2010 – The announced merger of two government corporations, the Société générale de financement (SGF) and Investissement Québec, offers a good opportunity to take stock of the SGF’s historical results and to re-examine the relevance of its mandate. In an Economic Note published today, Claude Garcia finds that the SGF has obtained a negative rate of return (-1.0%) since its creation in 1962. Moreover, the public company has had a negligible influence on the creation of large-scale Quebec businesses.
2-minute read
The Québec Parental Insurance Plan’s Deficits should be eliminated by reducing certain benefits
Montreal, September 23, 2010 – Claude Garcia, former president of Canadian operations at Standard Life and associate researcher with the Montreal Economic Institute (MEI), analyzed the results of the Québec Parental Insurance Plan (QPIP) in a paper published exclusively on the MEI’s website. According to the author, this program has had some positive impact on the number of births in Quebec and on the employment rate of women aged 25 to 54, which now exceeds that observed in the rest of Canada. Nonetheless, given the successive deficits recorded by the plan since its creation ($180 million in 2009 alone) certain benefits should be revised.
2-minute read
Innovations such as telemedicine would improve health care system efficiency
Montreal, September 16, 2010 – Innovations such as telemedicine are a way of improving the efficiency of the health care system and enhancing the choices offered to patients. In an Economic Note published today by the Montreal Economic Institute (MEI), the authors say the current government monopoly in the health care sector has the adverse effect of eliminating most natural incentives for innovation and optimal use of resources. These characteristics are necessary, however, to promote the advance of new models of care like telemedicine.