Tag Archives: revenue
Federal Budget Forecasting
What a difference just a few months can make in the world of federal government finance. Apparently, weak commodity prices and a slowing economy are playing such havoc with government finances that Thursday’s federal budget will show a downward revision of economic growth forecasts as well as a shortfall in revenue that will be addressed […]
One of These Countries is Not Like the Others
Given that the Finance Minister is presenting the Federal Fiscal Update today in Fredericton, it is instructive to review some fiscal comparisons right out of the release of the 2012 Federal Fiscal Reference Tables (which in turn used the OECD Economic Outlook May 2012 numbers for the international comparison). Figure 1 plots the ratio of […]
Understanding Victim Fine Surcharges
In Canada, people who break the law pay a “victim fine surcharge.” For federal offences, the surcharge is 15 percent of any fine imposed. For criminals who are not fined, a set surcharge of $50 or $100 is imposed, depending upon the severity of the crime. The funds raised through these fines stay in the […]
Ontario’s Public Finances: A Fiscal Primer
With Ontario set to deliver its own budget on Tuesday March 29th, it is useful to provide a perspective on the province's finances given that it is Canada’s most populous province and largest provincial economy. Ontario faces some tough fiscal decision making over the next few years given a set of deteriorating public finances and […]
Worthwhile Canadian Initiative 
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