Taxation

The ill-advised GAFA surtax

This week, Minister of Canadian Heritage Pablo Rodriguez declared that a bill forcing the GAFA companies to pay for news content had become his “top priority.”

Le taux directeur doit augmenter et une rigueur budgétaire est de mise

Montréal, le 26 janvier 2022 — Parce que la hausse du taux cible du financement à un jour est considérée comme une des solutions pour freiner l’inflation, les chercheurs de l’IEDM affirment que la Banque du Canada doit hausser les taux lors de la prochaine annonce du 2 mars 2022. Cependant, ils considèrent important d‘éclairer la population sur les effets à prévoir sur eux et sur les politiques publiques.

The Bank of Canada must tackle inflation

The numbers are in: Canada’s annual inflation for 2021 was 4.8%, the highest rate since 1991. Even excluding gasoline from the calculation, inflation is 4%, which is double the Bank of Canada’s current target of 2%.

Hausse du salaire minimum: une politique efficace?

Vendredi dernier, nous apprenions que le salaire minimum au Québec passera de 13,50 $ à 14,25 $. Il s’agit d’une croissance fort décevante pour les organisations qui, comme la FTQ d’ailleurs, revendiquent plutôt une hausse draconienne à 18 $/h.

The Unintended Negative Consequences of Significantly Raising the Minimum Wage

Following Minister Jean Boulet’s announcement that the minimum wage in Quebec will go from $13.50 to $14.25 an hour, certain community groups and unions suggested that this was a missed opportunity to raise it to $18 an hour. The authors of this publication conclude that even though a hike to $18 an hour may seem beneficial for low-income workers, this steep 33% increase would have negative consequences on the financial health of a range of companies in the retail, food services, and accommodation sectors. They even maintain that many workers in these sectors could lose their jobs.

The effects of governments printing money on our daily lives

When the government constantly prints money to finance its exorbitant spending, the inflation that results affects us all. It’s simple: More money in circulation chasing the same quantity of goods and services leads to rising prices. Inflation is nothing less than a hidden tax. Isn’t it time to think seriously about this problem?

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