Rachel Samson @rachel_e_samson
Vice President, Research @IRPP irpp.org Ottawa, Ontario Joined October 2014-
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Here's a very thoughtful commentary from @Steve_Lafleur for @IRPP on how targeted efforts to expand the footprint of high-tech export-oriented industries can help 🇨🇦's productivity woes: policyoptions.irpp.org/magazines/apri…. #cdnecon
I'm re-reading #budget2024 and this is maybe the most offensive paragraph in any budget I've ever read. Why?
Industrial policy may have part of the answer to Canada’s productivity problem. As IRPP research director @Steve_Lafleur explains, if Canada’s low productivity is becoming an emergency, the government must use every tool to turn it around. policyoptions.irpp.org/magazines/apri…
La faible productivité du Canada inquiète. Selon @Steve_Lafleur, directeur de recherche à l'IRPP, le gouvernement doit recourir à tous ses outils pour la renforcer, y compris la politique industrielle. options-po.li/4aORjkc
Happy Earth Day! Here in one place: all the left critiques of eco-austerity, degrowth, anti-nuclearism, etc I can find. This school of thought has been described as ‘left ecomodernism’, but despite some affinities with ecomodernism, it’s really just classic democratic socialism
Today, the @IEA has started tracking progress of all 10 things that every country in the world committed to at @COP28_UAE. You can't say there's no ambition!?... 🧵 #DecadeofImplementation
Insight from Michael Smart on the capital gains inclusion rate change that is worth reading: financialpost.com/opinion/higher…
Program targeting at risk youth produces major societal benefits. Time for expansion? “We also found that eligibility for Pathways increased their annual earnings by 19 percent, employment rates by 14 percent, and decreased social assistance receipt by more than 30 percent.”
Program targeting at risk youth produces major societal benefits. Time for expansion? “We also found that eligibility for Pathways increased their annual earnings by 19 percent, employment rates by 14 percent, and decreased social assistance receipt by more than 30 percent.”
Here's your 'one stop shopping' on capital gains, from 2021 in the @CdnTaxFdn Canadian Tax Journal. Five articles plus an editors' introduction! ctf.ca/EN/Publication…
A report from ACER (the association of European energy regulators) estimates EU demand for LNG will fall ~60 bcm/y by 2027 or ~5.8 billion cubic feet/day. That's roughly HALF of US LNG exports in 2023 for scale. The US has enough new terminals already permitted to up to 3X LNG…
A report from ACER (the association of European energy regulators) estimates EU demand for LNG will fall ~60 bcm/y by 2027 or ~5.8 billion cubic feet/day. That's roughly HALF of US LNG exports in 2023 for scale. The US has enough new terminals already permitted to up to 3X LNG…
Gains en capital | Québec imite Ottawa et hausse l’impôt lapresse.ca/actualites/pol…
This capital gains change piece by @trevortombe is really good. I’m slightly less bullish on the change (I do worry a bit what it’s going to mean for housing construction finance), but this is a really good primer to the economics of it. thehub.ca/2024-04-17/tre…
Whether you prefer higher taxes or lower, changing the capital gains inclusion rate made good sense. A missed opportunity to lower other taxes to compensate, however. I explain in my latest for @TheHubCanada: thehub.ca/2024-04-17/tre… #cdnecon #cdnpoli
Inclusion rate or tax rate? Taxes on wages vs capital gains? Lots of confusion out there. It's simple: $1 in wages. Top marginal tax rate = 53%. Keep $0.47. $1 in corporate profit --> 26% corporate tax rate = $0.74 distributed as capital gains --> 50% inclusion rate = $0.37…
Writing a piece on capital gains inclusion rates!!! I think ~2/3 is about right, but there's pros and cons as with any policy choice. I'm hoping not too many eyes glaze over in the details.
Dan Woynillowicz @DanWoy
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28K Followers 2K Following Our vision is that every community will be prosperous, just, and resilient—no matter its starting point. Subscribe to our newsletters: https://t.co/V0empQAerwHere is a snapshot of the new measures from the federal #Budget2024. Biggest spending on housing, new disability benefit, artificial intelligence, research, and support for Indigenous Peoples. Biggest contributor to revenues is change in capital gains inclusion rate. @IRPP
Time to post some data on capital gains. Inspired by Vaillancourt, Kerkhof & Godbout (2018) classic.austlii.edu.au/au/journals/eJ…, i went back through federal budget documents to pinpoint when changes have been made to the inclusion rate AND the general exemption.
As an academic administrator who talks to grad students daily, I can't overemphasize how much this is needed. Rents have gone up 25%-50% and their stipends haven't. We're running a top econ program here at @ubcVSE. We need to be competitive with other top schools. This helps.
Recently-retired Chief Statistician of Canada and @UAlberta alum Anil Arora giving the @UofA_Econ Hanson Lecture.
They say there isn’t room for safe, protected bike-lanes. They say there isn’t room for shade-creating, air cleaning street trees. Montreal shows that when you change your space priorities, you get better streets for EVERYONE. HT @DaveLikesBikes for video:
I'm thrilled to announce that I'm joining the Institute for Research on Public Policy. It's an honour to join one of Canada's most important research institutions, and I look forward to doing my part to help address some of Canada's most pressing challenges.
The IRPP would like to extend a warm welcome to our new colleague, Steve Lafleur! Steve (@Steve_Lafleur) joins us as a research director, and he will be leading the IRPP's Building New Foundations for Economic Growth Research program. Welcome, Steve!
See also this @IRPP piece on carbon taxes and affordability: policyoptions.irpp.org/magazines/dece…
Abandonment regret: Realizing its going to cost billions to replace infrastructure that we foolishly let go. TAO is calling for a Canada-wide policy of railbanking a protect out-of-service corridors for future use as communities and the economy grow. buff.ly/42JEvIP
At @GLOBE_Series, listening to @SeanFraserMP @rjcsmith @celyeste talking about the importance of integrating climate resiliency into housing and community infrastructure. There’s no shortage of opportunities to tackle affordability and adaptation at the same time. @CAPE_ACME
Interest rates not to blame for housing crisis, Bank of Canada’s Tiff Macklem says /via @globeandmail theglobeandmail.com/business/artic… Banging my head against this piece
tldr Already permitted US LNG capacity covers replacement of European 2021 consumption of Russian gas 🙃
Say what you will about whether approving further LNG exports are in the US "public interest," but pinning the case on European energy security is not it. With terminals already under construction & permitted, US LNG could replace peak Russian gas exports to Europe 2.5-times over
Woah.
Huge news! The White House is delaying the approval of a massive LNG terminal and evaluating the others based on the latest climate science. This is a massive win for people and the planet. Great decision from President Biden! nytimes.com/2024/01/24/cli…
On the blog today, I delve into the question of whether Queen's is actually running out of money. If by that you mean "is Queen's the next Laurentian?" the answer is no, but the situation is neverthless pretty ugly. higheredstrategy.com/is-queens-runn…
👏🏼👏🏼👏🏼👇🏼 There's a lot to agree with in @tonykeller1's analysis but it has 3 blind spots. 1. We don't need "low-skill" workers. Demographic pressures, in big cities and small towns, mean we need workers across the whole skill spectrum, as in the example @tylermeredith offers. /2
If you have a parent in long term care, this proposal @tonykeller1 will make things worse for you. The PSWs who provide so much of the care we rely on are paid grotesquely inadequate sums. And with precarious work conditions few would normally accept. Many PSWs are immigrants.
Worth a read
New post with @kstewartVAN revisiting our First Time Buyer Lorenz Curves affordability metric. Updated with 2021 data, adding in property tax effects, and introducing a discretized version to make it easier to compare across metros and change over time. doodles.mountainmath.ca/blog/2024/01/1…
The latest @StatCan_eng data is worrisome. #NB recorded the largest increase in #disability rates in Canada. NB’s disability rate has increased from 26.7% of our population to 35.3%. This data has significant implications for health, economic & social policy.
Full statement from the org, and where to go for media inquiries since DMing me right now isn’t best. I am a wreck. 💔broadbentinstitute.ca/statement-pass…
@AnnieABerube @politicoottawa @DavidMacCdn @Sean_Speer @trevortombe @JenniferRobson8 @stephen_tapp @robgillezeau @BrettEHouse @kevinmilligan @MikePMoffatt @ArmineYalnizyan @LindsayTedds @rachel_e_samson Thank you for flagging the need for more female (and other forms of diversity) economist voices, it is so important and still lacking. Sometimes we don’t even notice the issue anymore…. I did want to say I was reached out to for this one and didn’t get back to them giving…
ER overcrowding won’t be solved by telling sick people to stay home. As always @picardonhealth nails it. 🙏@CAEP_Docs @alandrummond2 theglobeandmail.com/opinion/articl…