Ce rapport examine l’état des finances des provinces canadiennes et constate que, malgré les effets dévastateurs de l’épidémie de COVID-19 sur le Canada, les déficits des provinces sont en passe de disparaître beaucoup plus rapidement que prévu initialement. En fait, la majorité des provinces sont déjà en excédent budgétaire ou le deviendront au cours du prochain exercice, à mesure que l’économie se redressera.
Taxes and tax cuts
As Canada reaches two years of the COVID-19 pandemic, provincial deficits are on track to disappear much faster than initially predicted. Disappearing Act: The state of provincial deficits in Canada, examines the state of provincial finances and finds that major positive revisions of revenue projections mean fiscal surpluses have either already arrived or will soon.
OTTAWA—Provincial deficits are on track to disappear much faster than initially predicted despite unprecedented spending to fight COVID-19, according to a new report from the Canadian Centre for Policy Alternatives (CCPA).
The Education Property Tax Reduction Act will increase income inequality in Manitoba and will not help those impacted by COVID.
VANCOUVER — If any group is faring well in the COVID-19 pandemic, it’s Canada’s billionaires whose wealth has increased by $78 billion since March 2020 while the lives of millions of Canadians have been upended, new CCPA research shows.
In this issue:
Donald Trump makes people sick, himself and his entourage included. Given the U.S. president's shameful, almost criminally negligent record on COVID-19, it will be surprising if he is re-elected on November 3. A sizeable expat community aside, most Canadians will not have a say in that race but its outcome will be felt globally.
(VANCOUVER) While millions of Canadians lost their jobs because of the COVID-19 pandemic, the country’s top 20 billionaires have amassed an average of nearly $2 billion each in wealth during six of the most economically catastrophic months in Canadian history, for a combined total of $37 billion.
Illustration by Michael DeForge
(VANCOUVER) Canadian charities and non-profit organizations should immediately qualify for the new Canada Emergency Wage Subsidy (CEWS) program or they’ll be forced into crisis, say Shannon Daub, Director of the CCPA-BC and Alison Brewin, Executive Director of Vantage Point, an organization that provides support, training and networking for non-profit organizations in BC.