Alexandre Laurin

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Charities Fall Victim to Federal Tax-the-Rich Plan

Charities Fall Victim to Federal Tax-the-Rich Plan

The end of 2023 last week marked the likely end of full tax relief for some charitable giving. The federal government has yet to table its legislation for reforming the alternative minimum tax (AMT), but if it sticks to its Budget 2023 commitment, tax relief for charitable giving will be curtailed for some high-income filers in 2024.

The Federal Debt is Not Sustainable

The Federal Debt is Not Sustainable

The recent Fall Economic Statement (FES) contains a familiar rosy assessment of federal debt sustainability. It shows the ratio of debt to GDP declining continuously over 30 years starting in the second year of the medium-term forecast, landing gently on 7.6 percent by 2055-56. This outcome is implausible for three reasons.