The pressing need to review this program (and, indeed, many other federal-provincial fiscal arrangements) has been revealed by the COVID-19 disruptions. There are complex considerations, and critically important ones. Fiscal arrangements are at the …
This paper focuses on the regional redistribution of income, employment and population in Canada associated with federal tax, expenditure and transfer policies. Data on net federal fiscal balances by region (the differences between total federal …
The federal government's fiscal stabilization program was created in 1967 to provide support to provincial governments when they experience sudden and significant drops in revenue. With provincial economies increasingly subject to their own unique …
This working paper is the first output of the ActiveCITY Collective. ActiveCITY is a grassroots collaboration of not-for-profit, for-profit and public-sector organizations and individuals engaged in Calgary’s regional active economy. The objective of ActiveCITY is to facilitate collaboration, debate, learning and connection to identify important issues, solve system-wide challenges, and articulate the financial and non-financial impacts of this active economy for Calgary.
In this working paper, we will use the definition of the ‘active economy’ as that which incorporates all organizations who participate in, or contribute to, improving individual and/or community level well-being through the development and delivery of sport, physical activity and active recreation experiences.
This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by about 4 percent and reallocate …
Abstract Alberta’s fiscal policies are unsustainable.
The province has neither a revenue problem nor a spending problem; it has a budget problem. An aging population will increase government spending significantly, and tax revenue will fail to keep pace. A persistent dependence on resource royalties adds to the uncertainty. And even if current plans to balance early in the next decade succeed, fiscal pressures will mount and deficits balloon.
This paper examines long-term projections for resource royalties, federal transfer payments, investment income, property taxes, tuition revenue, health and education spending and debt service costs, and forecasts a deficit of almost $40 billion by 2040.
Abstract Challenged by remote locations, small populations, rugged terrain and (at times) difficult climate conditions, Canada’s territories rely heavily on imported goods to maintain their standards of living. At the same time, industries in the territories are highly reliant on access to export markets - especially the large and growing resource sectors of the region. But these trade flows face significant costs that improved infrastructure may help mitigate. A northern transportation corridor could help, and has recently gained prominence following recent reports and hearings by the Senate of Canada.
To support building a healthy financial future, the Yukon government assembled an independent Financial Advisory Panel to provide the government with options for future financial planning.