Canada does not need a U.S.-style student loan forgiveness plan

Young man contemplating his student debt

The Biden administration has announced plans for student loan forgiveness. It would make little sense for Canada to follow suit. That would disproportionately benefit borrowers in the upper half of the income distribution. Read this articleCanada does not need a U.S.-style student loan forgiveness plan

Does the Canada Workers Benefit enhancement achieve its purpose?

The CWB increases supports lower-income workers, and recent enhancements have made it more generous. The change also allows for the addition of new beneficiaries, which is particularly important for dual-earning couples. However, the reform also increased the effective tax on earned income for some workers, and therefore potentially lowers the incentive to work. This is especially notable for couples with children where two spouses work. Read this articleDoes the Canada Workers Benefit enhancement achieve its purpose?

Will federal finances improve this year?

The ongoing recovery from COVID has been stronger than many suspected and many emergency support programs have ended. Using the latest federal Fiscal Monitor data, we explore revenue and expense trends. We present a simple forecasting model to project revenue, expense and the federal deficit to the end of the fiscal year. Read this articleWill federal finances improve this year?

The effect of COVID on provincial finances

While the economic and fiscal disruptions from COVID-19 were substantial, provincial governments across Canada fared far better than many anticipated. The latest data from Statistics Canada reveals the scale of the shock — with important implications for not only provinces, but also the federal government. Read this articleThe effect of COVID on provincial finances

Increased immigration cannot solve Canada’s aging issues because immigrants have parents, too

Immigrants wave Canadian flags

That fact that the phrase “immigrants have parents” needs to be said reveals something about the framing of Canadian immigration policy: the tendency to see immigrants as production units, bits of human capital to slot into the Canadian economy and to fill Canadian skill shortages or to provide top talent. Read this articleIncreased immigration cannot solve Canada’s aging issues because immigrants have parents, too