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Canada Pension Plan costs triple as investment board spending skyrockets

September 5, 2014 Comments off

Canada Pension Plan costs triple as investment board spending skyrockets
Source: Fraser Institute

The cost of running the Canada Pension Plan has more than tripled, the result of transaction fees and external management fees, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

The study, Accounting for the True Cost of the Canada Pension Plan, spotlights the costs of administering the CPP, which includes spending by the CPP Investment Board, a Crown corporation that manages and invests CPP assets, as well as costs incurred by the federal government to run the plan.

Between fiscal years 2006-07 and 2012-13, the total cost of running the CPP jumped to $2 billion from $600 million, despite an investment board report that claimed its operating expenses in 2012-13 were only $490 million.

Why the discrepancy? The CPP Investment Board excludes from its operating budget a) management fees it pays to external consultants, b) transaction fees associated with acquiring assets and c) costs incurred by four federal government departments.

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Canadian governments dole out billions in taxpayer-funded subsidies to businesses and beyond

June 11, 2014 Comments off

Canadian governments dole out billions in taxpayer-funded subsidies to businesses and beyond
Source: Fraser Institute

From 1980 to 2009, federal, provincial and local governments in Canada doled out $683.9 billion in subsidies, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

The study, Government Subsidies in Canada: A $684 Billion Price Tag, measures the scope of government subsidies to private businesses, government business enterprises such as Crown corporations, and consumers.

Canadians spend billions complying with personal income tax system

June 5, 2014 Comments off

Canadians spend billions complying with personal income tax system
Source: Fraser Institute

(A) new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank, finds that Canadians spend billions complying with the personal income tax system.

The study, based on survey responses from tax-filing Canadians, measures the overall costs (time and money) of tax compliance (paying accountants, completing tax forms, buying software, etc.).

Wait times for health care in Canada may be linked to increase in female death rates

May 27, 2014 Comments off

Wait times for health care in Canada may be linked to increase in female death rates
Source: Fraser Institute

Canada’s growing wait times for health care may have contributed to the deaths of 44,273 Canadian women between 1993 and 2009, concludes a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

The study, The Effect of Wait Times on Mortality in Canada, examines the relationship between mortality rates and lengthy wait times for medically necessary care in Canada. As wait times between referral (from a general practitioner) and treatment increase, finds the study, so does the rate of female mortality.

Health care wait times cost Canadians more than $1 billion in lost productivity

March 28, 2014 Comments off

Health care wait times cost Canadians more than $1 billion in lost productivity
Source: Fraser Institute

Canadians lost a combined $1.1 billion, or an average of $1,202 per patient, as a result of lengthy waits for medically necessary health care in 2013, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

The study, The Private Cost of Public Queues for Medically Necessary Care, calculates the average value of time lost during the work week for each of the estimated 928,120 patients waiting for surgery in Canada last year.

When calculations include hours outside the work week—evenings and weekends, excluding eight hours of sleep per night—the estimated cost of waiting jumps from $1.1 billion to $3.4 billion, or an average of $3,681 per patient.

The Entertainment Industries, Government Policies, and Canada’s National Identity

March 21, 2014 Comments off

The Entertainment Industries, Government Policies, and Canada’s National Identity
Source: Fraser Institute

One of the longest standing shibboleths of Canadian public policy is that popular culture industries in Canada must be financially supported and protected by government if those industries are to survive. Moreover, the survival, if not the growth, of those industries—the “entertainment” industries—is essential to maintaining what supporters identify as Canada’s “national identity”. From this point of view, government support and protection of Canada’s entertainment industries can be seen as contributing to the survival of Canada as a sovereign nation or, at least, to the promotion of a more civil and cohesive Canadian society. A related argument for government intervention is that it is “justified” by the economic contributions that the entertainment industries make to Canada.

The broad objective of this study is to assess the main arguments for direct and indirect government support for the entertainment industries in Canada. While the focus of the analysis is on Canada, the main theoretical arguments could apply to most small, open economies. The assessment includes identifying and evaluating the relevant arguments for and against government support, as well as an evaluation of the admittedly limited evidence bearing upon those arguments.

Trade barriers and disputes with the United States continue to damage Canadian interests

February 5, 2014 Comments off

Trade barriers and disputes with the United States continue to damage Canadian interests
Source: Fraser Institute

Less than a week before President Obama’s fifth State of the Union address, the state of Canada-U.S. relations remains marked by trade barriers that hurt Canadian producers and consumers, and high-profile disputes, notes a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“Since 2007, in both merchandise and services trade, Canada has seen a relative decline in competitiveness with the United States, which may surprise many Canadians who believe Canada has been doing better than the U.S. over the past few years,” said Alexander Moens, senior fellow in American policy at the Fraser Institute and co-author of Canada’s Catch-22: The State of Canada-U.S. Relations in 2014.

For example, Canadian merchandise exports to the U.S. decreased by 27 per cent in 2009, in the midst of the Great Recession, and by 2012 had not fully recovered, totalling $278 billion.

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