• Fiscal Policy,  Industry & Sector,  Macroeconomics,  Research

    The Broken Promises of Corporate Tax Cuts

    The pace of business capital spending in Canada has been weak in recent years, for several reasons – including the slowdown in the petroleum industry, the erosion of Canadian manufacturing, and now the impacts of the global COVID-19 pandemic and recession. This has spurred a resurgence of demands from the business community for lower company tax rates, which advocates claim will accelerate business capital spending. In this analysis, published originally by the Canadian Tax Foundation, Centre for Future Work Director Jim Stanford agrees that stimulating more capital investment (both private and public) is a vital goal. But there is no evidence from either recent Canadian history or international comparisons that…

  • Commentary,  Employment & Unemployment,  Industry & Sector

    Help Business – But do it Right

    Facing an unprecedented downturn in work, incomes, and spending, the federal government has rolled out major new support programs to help businesses survive the coronavirus pandemic. This support is essential. But government should learn from past experience, and design those support programs carefully for maximum effect and fairness. In this commentary, originally published in the Toronto Star, Jim Stanford identifies several best practices in supporting businesses and industries in an economic crisis. To Help Workers through the COVID-19 Crisis, We Must Help Our Businesses. Here’s How. In the face of unprecedented lay-offs from the COVID-19 lockdowns, the federal government is quickly shoring up Canada’s income support network. The new Canada…