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Articles on Taxes

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Bank of Canada Gov. Tiff Macklem speaks during a news conference at the Bank of Canada on Sept. 10, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

The throne speech: Fiscal prudes are fretting about the wrong issues

While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
The demand for services nonprofits offer is surging. Paul Bersebach/MediaNews Group/Orange County Register via Getty Images

A $300 charitable deduction, explained

This measure, included in a pandemic relief package, is supposed to encourage Americans to give more to nonprofits.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed? THE CANADIAN PRESS/Sean Kilpatrick

Paying for the pandemic: Why the government’s massive coronavirus spending may not lead to higher taxes

Canada's federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Good old days: Before the coronavirus hit, governors, like California’s Gavin Newsom, had easier jobs. AP/Rich Pedroncelli, Pool

Plummeting tax revenues will put governors in tough budget situations

As Congress considers further financial help for victims of the coronavirus pandemic, the magnitude of the fiscal crisis that governors and their states will have to face is just starting to emerge.
A sign in Texas in 1939, at the end of the Great Depression. (The New York Public Library/Unsplash)

Put your trust in taxes during the coronavirus pandemic recovery

The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It's helpful to examine tax supports for individuals by considering the past, present and future.
Ho Chi Minh City, Vietnam, is one of many emerging global metropolises that are struggling to protect residents against tobacco. (Shutterstock)

The next battles against tobacco must be fought in the world’s major cities

Rapidly growing metropolises like Beijing, Jakarta and Ho Chi Minh City are struggling to protect residents against tobacco. Life-saving policies in rich countries may be partially to blame.
China retaliated with tariffs on U.S. imports after Trump imposed tariffs on $250 billion of Chinese imports. Reuters/Ng Han Guan

The US-China trade war: 5 essential reads

The US-China trade war shows no signs of slowing down. Here's what readers need to know.
Every state bears the burden of the opioid crisis. Digital Deliverance/Shutterstock.com

Opioid epidemic may have cost states at least $130 billion in treatment and related expenses – and that’s just the tip of the iceberg

State governments are leading the charge against opioid makers over their role in the epidemic. A team of researchers at Penn State examined just how much the crisis has cost them.

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