Canada Ranks Near Bottom of OECD and G7 for Income Growth

From 2008 to 2023, Canada’s real Gross National Income (GNI), a measure of the income available to Canadians after accounting for income flowing to foreign investors and adjusting for inflation, grew much more slowly than the OECD and G7 averages. Over the past decade, Canada ranked last in the G7 and 32nd out of 35 […]

Ottawa’s Perverse Guardrail Fallacy  

From: Don Drummond, William B.P. Robson and Nicholas Dahir  To: Canadian fiscal observers  Date: May 13, 2026  Re: Ottawa’s Perverse Guardrail Fallacy   In its 2020 and 2021 budget and updates, Ottawa talked a lot about “fiscal guardrails,” a term that met with much derision.  Hard targets like a balanced budget or a dollar reduction in total spending are clear commitments to which a government can be […]

Automatic Tax-Filing is No Panacea 

From: Alexandre Laurin To: Budget watchers Date: May 12, 2026 Re:  Automatic Tax-Filing is No Panacea  Tax time has come and gone, and once again, at least a million Canadians have likely not filed, and don’t intend to.  Those who don’t file potentially miss out on various valuable tax credits, including for children, to help workers or to supplement spending on groceries and other essentials.  Ottawa’s […]

Ottawa’s fiscal guardrail is driving us toward the cliff

Published in Financial Post. In its 2020 and 2021 budget and updates, Ottawa talked a lot about “fiscal guardrails,” a term that met with much derision. Hard targets like a balanced budget or a dollar reduction in total spending are clear commitments a government can be held to account for (which, of course, governments usually […]

The Tough Choices That Loom Over Our New 5-Percent Defence Target 

From:  Colin Busby and Nick Dahir  To:  Canadian fiscal observers  Date: May 5, 2026  Re: The Tough Choices That Loom Over Our New 5-Percent Defence Target  Having finally reached the North Atlantic Treaty Organization’s 2-percent target of GDP defence spending – set in 2014 – Canada now faces a far steeper, and more critical climb.  Raising that share to […]

Four Years, 90 Billion Dollars: Canada’s Rising Spending Path

The trajectory of spending projections in each successive spring federal budgets (and last week’s Economic Update) since 2022 continues to tell a story of fiscal drift. The 2022 Budget’s total spending projections for 2026/27 was at $504 billion. Now, according to the Spring 2026 Update, the government plans to spend $595 billion, an increase of […]

$25 Billion? Canada’s New Sovereign Wealth Fund Explained

In this episode, host Michael Hainsworth speaks with Kate Koplovich, Senior Policy Analyst at the C.D. Howe Institute, about Ottawa’s proposed Canada Strong Fund and what a new $25 billion sovereign wealth fund could mean for Canadians. They break down how sovereign wealth funds work, why Canada’s model differs from successful funds in places like […]

$25 Billion? Canada’s New Sovereign Wealth Fund Explained

In this episode, host Michael Hainsworth speaks with Kate Koplovich, Senior Policy Analyst at the C.D. Howe Institute, about Ottawa’s proposed Canada Strong Fund and what a new $25 billion sovereign wealth fund could mean for Canadians. They break down how sovereign wealth funds work, why Canada’s model differs from successful funds in places like […]

Opinion: Automatic tax filing will need more work

Published in Financial Post. It’s tax time. With returns due Thursday, millions of Canadians will once again file at the last minute, late or not at all. Those who don’t file potentially miss out on various valuable tax credits, including for children, to help workers or to supplement spending on groceries and other essentials. Ottawa’s answer […]

Simple on Paper, Complex in Practice: The Limits of Automatic Tax Filing

by Alexandre Laurin Canada increasingly uses the tax system to deliver income-tested benefits, making filing essential for access. Budget 2025’s “automatic federal benefits” initiative aims to expand participation but largely targets individuals already known to the Canada Revenue Agency and participating in the tax system. This limits its reach when it comes to truly hard-to-engage […]

Automatic Tax Benefits May Miss Canada’s Most Vulnerable

April 30, 2026 – Roughly 1.2 million Canadians fail to file tax returns, placing many at risk of missing out on income-tested benefits. While Ottawa is moving to expand automatic tax filing, a new C.D. Howe Institute report suggests this approach may have limited impact on hard-to-reach non-filers. In “Simple on Paper, Complex in Practice: […]

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