Fiscal Issues In Canada

These factors result in several issues and challenges. These matters have brought a conflict between the various stakeholders in this industry (Oilsandstruth.org, 2015). This discussion aims to identify the primary issues associated with the Canada oil sands and the involved stakeholders. Secondly, the stakeholders’ political view will be established. Finally, the discussion will recommend policies that can be effective in solving the challenges associated with the issues.

Diverse and multi-faceted, the Canadian business market is one of the strongest functioning mixed market economies in the world. Within the Canadian economy, the oil and gas sector stands as one of the largest and most influential sectors. The oil and gas industry is unique as it affects almost every person and sector of the economy worldwide, whether it is through commodity or material input costs. In Canada, this growing industry could allow for the country to be the one of the “biggest energy producers in the world” leading to a massive paradigm shift globally.

Stewart Elgie, a University of Ottawa law and economics professor and chair of the green economy think-tank Sustainable Prosperity suggests that British Columbia’s per-capita fuel usage had fallen more than 4 per cent compared with the rest of Canada and its economy (Ebner, McCarthy, 2011) Evidently it is reducing the amount of green house gasses emitted by fossil fuel use. However this is not the concern many had with the introduction of the tax, but the concerns were focused upon the externalities caused by this and the effects it would have on the economy. Three years since the carbon tax introduction and the Provincial level of GDP has remained approximately the same, (Greenery in Canada: We have a winner) With the provincial level of GDP remaining around the same, this suggests that at the very worst the carbon tax has had no negative effects to the provincial economy. Furthermore the tax also promised to remain carbon neutral and promised to cut corporate and private income tax. British Columbia has become the province with the lowest income tax regime and the lowest corporate tax regime (Greenery in Canada: We have a winner). Although the carbon tax is being praised by many, it still faces concerns as many still argue the ineffectiveness of the tax and what that means for the province.

One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to

One of the policies the Canadian Government could pursue is to move forward and approve the pipeline expansions regardless of the Indigenous peoples’ perspective. These pipelines would connect the oil sands in Alberta to markets globally which would lead to economic growth. With these pipelines approved, it would mean greater exports. The Canadian economy would profit as it would create jobs and

BC is a major provider of lumber, and minerals; which, because of the railway is transported to the Central provinces, where it’s manufactured, and then exported. The necessary items of living are more expensive in BC because most of the farms are in the Prairie Provinces, and/or Ontario. Gas is also 27 cents on average, higher than the national average of 97.7 percent. BC is one of the most expensive provinces to own a car, partly due to the high gas prices, and inflated insurance costs. Some tensions arise within BC, as our economy strives off of our exports of fish, timber, and minerals; yet, when we receive items back from Central Canada, we are paying higher prices, and taxes on the same items that Ontario, and Quebec are buying. Even though BC has a decent number of seats within the House of Commons, we still feel a little bit outcast, as we are often grouped in with the other western provinces, and our voice isn’t heard like the big two central

The oil pipelines are a very costly project, which would eventually bring in large amounts of revenue that will positively impact the economy. The Canadian Energy Research Institute estimates that “2.1 trillion in gross domestic product would be added to the Canadian economy” if the pipelines were to be implemented (Carlson & Mendelsohn, 2013, p.13). If Canada were to approve the proposal of the oil pipelines, it would become easier to transport the oil, making the “price difference between Canadian and international benchmarks smaller” (Carlson & Mendelsohn, 2013, p.13). This means that oil would be able to be sold at a high price, increasing the revenue that Canada receives (Speer & Green, n.d.). It is believed that the pipelines are “critical to the Canadian economy as they can turn the Canadian oil producers from price takers to price makers in international markets” (BC Chamber of Commerce, 2014). As well, they have projected that Canadian oil production is to “double more than six million barrels per day” (BC Chamber of Commerce, 2014). Currently there are many bottlenecks during oil transportation to other countries, besides the United States due to poor infrastructure. This means that Canada is compelled to sell the oil at a lower price which “costs the economy up to $50 million a day, which is $18-$19 billion a

The 2015 Canadian election was one of great importance that showcased a changing of guard in the Canadian political context. Key issues in this election were; Bill c-21, multiculturalism, the refugee crisis, Marijuana legislation, war on terror and ISIS, and environmental policies. Although these are all pinnacle matters, one of the most pressing issue was economic policies. Economics policy is what is commonly seen as the commons man’s issues and what might win most people over in an election cycle. Justin Trudeau and Stephen harper were the campaigns largest attractions Harper representing the fiscal conservatives and Trudeau representing the big deficit spending policies of the Liberals, with largely different economic views that would

Modern day Canada is posed with the current issues of energy and the environment becoming increasingly important within the public and political sectors. The impetus has come from a variety of factors such as the collective development of nonconventional resources, the environmental concern from Canadians, and the demand for renewable energy sources. Many premiers have since called for a ‘national energy strategy’ however the clashes of policies on the federal and provincial levels cause a decrease in progress. This has become largely apparent in the current debates over Alberta’s bitumen deposits and pipelines. The Alberta government has advocated for a ‘national energy strategy’ led by Ottawa placing their political emphasis on the need for Canada to achieve a vision of environmental supremacy. This paper seeks to investigate the clashes of interprovincial trade and commerce powers with the provinces natural resource power debates over Alberta’s pipelines and bitumen deposits in conjunction with the general Canadians feeling of a lack of democracy.

Modern day Canada is posed with the current issues of energy and the environment becoming increasingly important within the public and political sectors. The impetus has come from a variety of factors such as the collective development of nonconventional resources, the environmental concern of Canadians, and the demand for renewable energy sources. Many premiers have since called for a ‘national energy strategy’ however the governments tendency to avoid national approaches to energy allows no progression to be made. This has become largely apparent in the current debates over Alberta’s bitumen deposits. The Alberta government has advocated for a ‘national energy strategy’ led by Ottawa placing their political emphasis on the need for Canada to achieve a vision of environmental supremacy. This paper seeks to investigate the clashes of interprovincial trade and commerce powers with the provinces natural resource power debates over Alberta’s bitumen deposits in conjunction with the general Canadians feeling of a lack of democracy.

However, most of the oil imports to the U.S. come from Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria. The Organization of the Petroleum Exporting Countries or OPEC is part of where the Unites States imports their oil. OPEC countries only produce a small portion of American oil; the U.S. obtains most of its oil from Mexico and Canada. However, over the years Canadian oil production has risen while Mexico’s has fallen. It is obvious that it would be better to have a reliable, long-term supply of crude from Canada than rely on overseas suppliers, whether they are part of OPEC or not.

Over the years the Canadian government continuously tries to create multiple ways to help progress the economy. Currently the government is doing a poor job improving the economy, however, it has potential to positively develop in the future. The Canadian government is negatively influencing the economy due to the decrease in value of the Canadian dollar, lack of regulation on policies, and the current position of the business cycle in Canada. However, the Canadian government demonstrates potential improvements in the economy through the creation of job opportunities and decrease in governmental expenditure methods.

Much of Rickford’s work is a continuance of the $650 billion resource development project left by his predecessor, including the challenge of moving the Keystone XL forward amid obstacles. Rickford is expected to follow the energy blueprint that Oliver had presented at the energy conference. Central to Oliver’s arguments were the accomplishments of Canada’s energy efforts on innovation geared at producing cleaner energy and on harnessing a diversified energy source from oil to recoverable gas, to hydroelectricity and uranium… and then to wind energy as well. To complement government efforts on the consumer level, Oliver also did not fail to mention the $1 billion in grants to get households to retrofit their homes to become energy efficient. Establishing these facts gave Oliver a good start to present his argument in favor of the US-Canada collaboration on clean energy, which dialogues, he added started in 2009. This was also the greatest strength of his presentation or of the article.

The federal budget of Canada is constantly evolving to accommodate the ever changing issues of society. Building a budget for an individual can be tricky, but when building a budget for an entire country it can be detrimental to some citizens. Making cuts in one area can make huge impacts whether positively or negatively to a group of people. I think increasing government spending in the child care program would help almost all citizens of the country in one way or another. Increasing the child tax benefit will assist families to move out of poverty and allow for children to grow up in

D.R. (2011, August 10). The Economist. Retrieved December 12, 2011, from Canadaès Economy: Still Safe and Sound?: http://www.economist.com/blogs/americasview/2011/08/canadas-economy