Ken Boessenkool – Ottawa Has The Tools To Replace The Cerb (part II)
From: Ken Boessenkool To: Bill Morneau, Minister of Finance Date: May 15, 2020 Re: Ottawa has the tools to replace the CERB (Part II) A separate Intelligence Memo summarized the impact on fictional families of the combination of the Canada Emergency Response Benefit (CERB) and the boosts to the Goods and Services Tax Credit and Canada Child Benefit from February […] Ken Boessenkool – Ottawa Has The Tools To Replace The Cerb (part I)
From: Ken Boessenkool To: Bill Morneau, Minister of Finance Date: May 15, 2020 Re: Ottawa has the tools to replace the CERB (Part I) Canadian governments moved swiftly and massively to provide personal supports to Canadians during the COVID crisis. This Intelligence Memo looks at income from three families in February before the crisis hit, in April when generous […] Laurin, Wu, Robson – Net Federal Debt Heading For $1 Trillion
From: Alexandre Laurin, Miles Wu and William B.P. Robson To: Canadians Concerned about Government Debt Date: May 13, 2020 Re: Net Federal Debt Heading for $1 Trillion However necessary and welcome the federal government’s transfer payments and credit-market supports may have been on the way into the COVID-19 crisis, it is becoming clear that we […] Tammy Schirle – Designing A Cerb That Supports Efforts To Re-open The Economy
From: Tammy Schirle To: Bill Morneau, Minister of Finance Date: May 12, 2020 Re: Designing a CERB that supports efforts to re-open the economy In mid-March, large parts of the Canadian economy needed to shut down. The Canada Emergency Response Benefit (CERB) was quickly introduced, designed as an emergency measure to support Canadians who we needed to stay at […] Extending CEWS Smart Move, More to be Done: Crisis Working Group on Household Income and Credit Support
May 11, 2020 – Better utilization of the Canada Emergency Wage Subsidy (CEWS) will help support businesses and individuals during the gradual re-opening of the economy and maintain employer-employee relationships, says the C.D. Howe Institute’s Crisis Working Group on Household Income and Credit Support.
At their recent meeting, working group members identified factors contributing to the large utilization gap between the Canada Emergency Response Benefit (CERB) and CEWS, highlighted the importance of timely and reliable data, and considered the financial needs of Canadians who will not qualify for Employment Insurance (EI) after exhausting CERB.
The group supports the federal government’s decision to…
Trevor Tombe – Federal Support To Provinces
From: Trevor Tombe To: Provincial debt watchers Date: May 8, 2019 Re: Federal Support to Provinces Government budgets are under strain from the unprecedented spending being deployed to control the spread of COVID-19 and help bridge individuals and businesses through the crisis. And collapsing revenues from a shrinking economy add to the burden. In Canada, rising federal debt is, […] Glen Hodgson – The Business Impacts Of The Pandemic And Restart
From: Glen Hodgson To: Canadians Concerned about 2020 Date: May 7, 2020 Re: The Business Impacts of the Pandemic and Restart The pandemic shutdown has been very painful for many businesses and for the Canadian business sector collectively. And numbers are now emerging on the immediate damage. A new data source, the Canadian Survey of Business Conditions (CSBC), has […] Ken Boessenkool – Change The Child Tax Deduction To Address The Coming Childcare Shortage
From: Ken Boessenkool To: Bill Morneau, Minister of Finance Date: May 7, 2020 Re: Change the child tax deduction to address the coming childcare shortage Three related facts about the COVID-19 economic recession are becoming clearer. The most affected sectors are public facing sectors – largely the service sector; the most affected income group is the poor; and […] Don Drummond – The Federal Government Can Handle The Post-pandemic Debt Hangover, But It Will Not Be Easy
From: Don Drummond To: Canadian debt watchers Date: May 5, 2020 Re: The Federal Government can handle the post-pandemic debt hangover, but it will not be easy The Parliamentary Budget Office estimates the federal deficit will hit $252.1 billion and the net debt-to-GDP ratio is set to shoot up about 20 percentage points to almost 50 percent of GDP. […] Luc Godbout – The Cerb And The Cesb: Balancing Work Incentives Against Fairness Considerations
From: Luc Godbout To: The Hon. Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, and the Hon. Bill Morneau, Minister of Finance Date: May 5, 2020 Re: The CERB and the CESB: Balancing work incentives against fairness considerations Temporary income support measures responding to the COVID-19 crisis, such as the Canada Emergency Response Benefit (CERB) and, to […] Luc Godbout – La Pcu Et La Pcué: Trouver L’équilibre Entre Incitation Au Travail Et équité
De: Luc Godbout À: Honorable Carla Qualtrough, ministre de l’emploi, du développement de la main-d’œuvre et de l’inclusion des personnes handicapées, et l’honorable Bill Morneau, ministres des finances Date: 5 mai 2020 Sujet: La PCU et la PCUÉ: Trouver l’équilibre entre incitation au travail et équité Les mesures de soutien temporaires du revenu liées à la crise de […] Louise R. Summerhill – Avoiding A Covid-19 Income Tax Distortion
From: Louise R. Summerhill To: Finance Minister Bill Morneau Date: May 4, 2020 Re: Avoiding a COVID-19 income tax distortion The federal government is to be congratulated for moving quickly to deal with the myriad income support, wage subsidy, business loan tax holiday and related liquidity measures to support Canadians and our economic well-being during the COVID-19 economic […]