Brian Lewis @Brian_ON_Econ
Public Policy Economist. Former Ontario Chief Economist. Senior Fellow at the Munk School and CD Howe Institute. Teaching at the Munk School. Toronto, Ontario Joined February 2018-
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Nice to get this article on the Ontario fiscal outlook published on the TVO www site. tvo.org/article/whats-…
Today's blog post reminds me it's been a while since I shared one of my favourite @Environics_Inst memes. (h/t to xkcd.com/2456/).
From 2014 to COVID, 🇨🇦 saw absolutely impressive progress in poverty reduction. Not just ⬇️ poverty rate but also: — Fewer entering poverty. — Fewer persisting in poverty. — More exiting poverty faster. Say what you will about @JustinTrudeau but that’s a big deal. #cdnpoli
Making a meaningful contribution to the public policy discussion in the province! #ontpoli youtube.com/shorts/WS0aNmQ…
The #onpoli podcast with @spaikin & @jm_mcgrath: Come for the analysis, stay for the sports metaphors! At 8/11pm on The Agenda, YouTube, and wherever you get your podcasts | Producer: @MatthewOMara youtu.be/1ssh76IxBgU?si…
Great to have this paper on the forthcoming Ontario 2024 Budget released by Ontario360 yesterday. Looking forward to seeing the budget on Tuesday! #onpoli on360.ca/policy-papers/…
Great to have this published by the Financial Post today. Thanks to CD Howe Institute for thier support. #onpoli financialpost.com/opinion/ontari…
Thanks to the CD Howe institute for publising my intelligence memo onthe Ontario Infrastructure Bank. cdhowe.org/intelligence-m…
Exactly. People figure out their tribal priors, and then reverse engineer what they think is going on in the world.
Exactly. People figure out their tribal priors, and then reverse engineer what they think is going on in the world.
Good article in the Globe and Mail this week on the Bank of Canada overhauling thier economic models. Sounds promising, but no model built on past data and economic relationships can be expected to perform well when confronted by unprecidented events like the COVID-19 pandemic.
Great to have this piece on the forthcoming Ontario Fall Economic Statement released by Ontario360 today. on360.ca/policy-papers/…
Queens Park blocked and protest ready.
Federal GST exemption for rental housing is useful, but it is not enough. There are options available that would have a larger impact.
Ontario's projected housing shortage has lowered, with Quebec and Alberta's rising.
We need bold and meaningful policy actions to help increase the supply rental #housing across #Canada. Senior Fellow Brian Lewis writes about the #tax policy options to consider: bit.ly/47W0bUn #IntelligenceMemo
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Remember the worry that higher capital gains taxes would hurt productivity? Turns out that positive capital taxes are positively correlated with output per work hour.
Finish the lyrics: This is a public service announcement With guitar Know your rights all three of them
In the past 15 minutes, 5 dog walkers have passed within 10 meters and not noticed the moose.
I had a colleague, who will remain nameless, who said that she repeated anything an English person said back to herself in her head to decide whether it was actually clever, or just the accent.
There is no privilege like British Accent privilege. Americans will grant you 20 IQ points for nothing
I'm so proud of our team. You can read our nominated stories on the influence of land developers in Ontario politics here: thetrillium.ca/news/the-trill… thetrillium.ca/news/municipal… thetrillium.ca/news/the-trill…
Finalists announced for CJF Jackman Excellence Award Read the full media release: newswire.ca/news-releases/… #CJFAwards #JournalismMatters
This is one of the most fascinating charts from #Budget2024. It goes to show you why the per-capita GDP discourse is all screwed up as a result of denominator effects. Immigrants are working more and their incomes are higher consistently cohort over cohort. cc @PatrickBrethour
“Johnson received a key intelligence briefing from CIA Director Bill Burns, who painted a picture of the dire situation on the battlefield in Ukraine and the global consequences of inaction, according to multiple sources with knowledge of the situation. The briefing left a…
The lede of this well-reported story directly contradicts what Jeffries said at his press conference Friday: "I did not speak directly to Mike Johnson about the numbers necessary..." cnn.com/2024/04/21/pol…
People are just utterly lying to you about the way Canadian Controlled Private Corporations work. Most of us have no appreciable capital gains of any kind inside of our corporation. We pay corporate (usually small business) taxes and distribute salaries (or dividends).
There are probably slightly easier ways to say you are both lazy and you failed math
#REPORT: Canadians now have to pay 66% capital gains tax on all their profits over $250,000 🇨🇦
The more the richest 40,000 Canadians (top 0.1%) tantrum about having to declare 66.7% of their capital gains *above* $250K/yr (while the rest of us have to declare 100% of our humble labour income), the stronger these poll numbers are gonna become. Please carry on!! #cdnpoli
81% favour higher taxes on wealthier Canadians and large profitable corporations. 71% of CPC voters. d3n8a8pro7vhmx.cloudfront.net/broadbent/page…
I am delighted to announce my new role as Dean of the @LazaridisSchool at @Laurier (starting July 1st)! wlu.ca/news/news-rele…
Low Marginal Effective Tax rates are important for capital investment. But, frankly, if they were as important as many people claim, Canada would be doing much better on the capital investment front. policyschool.ca/wp-content/upl…
And the biggest concern about the deficit comes from folks who bought a two million dollar cottage in Muskoka in 1984 for $35,000 and are upset they’ll have to pay more tax on it.
Here’s Michael Smart one of Canada’s top economists: “Smart said the increase to the inclusion rate would also level the playing field for businesses and encourage better investment decisions, rather than ones that are the most tax-advantageous” kitchener.citynews.ca/2024/04/17/cap… #cdnpoli
👆Do not be fooled by the simplistic “pay their fair share” slogan. That is pure political speak, not sound economics.
I was part of over a half-dozen tech startups early in my career. You want to know how many times capital gains tax came up in conversation as we were trying to grow our companies? Exactly zero times. This won’t stifle grassroots innovation.
@journo_dale I’ve been privileged to know many in the tech community who have started businesses. The number that have said taxes impact their decision to do so is precisely 0.
Because cap gains were too lightly taxed, firms had the incentive to buy back their own shares (which raises the stock price) rather than retain funds inside the firm to be reinvested.
Fuck Canada 🇨🇦 More capital gains tax
Judging by the replies to the tweet, some have strong reactions to tax increases no matter the details. That's where this is interesting. Even tax averse individuals could get behind a change in the inclusion rate. Other tax changes could compensate.
How funny would it be if the governor-general reads the budget.
Starting in May I am teaching a course on micro simulation modelling for policy analysis. If you have any must reads please let me know!
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