News
Around Red Deer April 19th…..
3:03 pm – RCMP are looking for the driver of a stolen truck in Red Deer’s Mountview neighbourhood this afternoon. Read More.
For more local news, click here!
1:00 pm – RCMP suspect the same trio of two men and one woman are responsible for a pair of armed robberies in Red Deer this week. Read More.
10:55 am – Football Alberta will hand out it’s Frank Morris Tier 1 High School Football Coach of the Year Award to a Red Deer coach! Find out who!
10:43 am – Charges have now been laid against a man accused of fleeing a stolen vehicle that evaded police by driving over a pair of spike belts on Easter Monday. Read More.
For more local news, click here!
10:35 am – Innisfail RCMP are investigating a two-vehicle crash around 7:45 am in Penhold this morning. The collision took place on Hawkridge Blvd, with both drivers treated at the scene and released by EMS. Penhold Fire Chief Jim Pendergast says fire crews stabilized the vehicles, cleaned up debris and fluids and did traffic management. Hawkridge was closed from highway 2A to Robinson Ave. Acting Fire Lieutenant Bailey McKay said “ There was heavy damage to a jeep with the airbags deploying, and both vehicles were not driveable and blocking traffic.”
10:27 am – Red Deer RCMP are hoping you can help them identify a man accused of robbing West Park Foods at knife point on April 13th. Read More.
9:44 am – The City of Red Deer’s Management and Exempt staff will receive a modest cost of living increase this summer. Read More.
For more local news, click here!
9:37 am – Red Deer City Council has given first reading to the 2017 Property Tax Bylaw. Second and third readings of the Bylaw will now take place on May 1st. Read More.
9:27 am – Red Deer RCMP are investigating a disturbing incident on April 14th where a man allegedly tried to force a woman to stop her vehicle. Mounties say he attempted to get in and then followed her in his truck after she drove away. Read More.
9:15 am – An Open House will take place next month regarding a proposed development at the Last Hill Golf Course north of Eckville. Read More in the Lacombe County Council Highlights from April 13th.
For more local news, click here!
9:05 am – RCMP are investigating a rash of vehicle thefts in Sylvan Lake on Easter Monday. Read More.
8:57 am – Hundreds of local students will be striking up the band again today at The Red Deer Festival of Performing Arts. It continues today at RDC. Check it out!
8:42 am – Tonight is your chance to offer the City of Red Deer your thoughts on what the Budget priorities should be in 2018. A Budget Open House is taking place at Festival Hall (4214 58 Street) between 4-7 pm. Read More.
For more local news, click here!
8:29 am – A series of Public Information Gathering Sessions will begin in Pine Lake tonight regarding Red Deer County’s plans to make Agricultural Development a strategic priority moving forward. Read More.
8:21 am – Red Deer County is hosting an open house at the County office from 3 til 5 this afternoon regarding it’s proposed business license bylaw. Read More.
8:09 am – Residents of Springbrook are currently experiencing a disruption of water service due to a fire that occurred last night at a water treatment facility. County Fire Services arrived and quickly got the fire under control. No injuries were reported, however there is currently no water for Springbrook residents, as the treatment facility had to be shut down in order to fight the fire. Red Deer County will continue to provide updates as soon as possible. Crews are currently working at the scene and will continue to work until water can be restored. The cause of the fire is under investigation.
Business
Broken ‘equalization’ program bad for all provinces
From the Fraser Institute
By Alex Whalen and Tegan Hill
Back in the summer at a meeting in Halifax, several provincial premiers discussed a lawsuit meant to force the federal government to make changes to Canada’s equalization program. The suit—filed by Newfoundland and Labrador and backed by British Columbia, Saskatchewan and Alberta—effectively argues that the current formula isn’t fair. But while the question of “fairness” can be subjective, its clear the equalization program is broken.
In theory, the program equalizes the ability of provinces to deliver reasonably comparable services at a reasonably comparable level of taxation. Any province’s ability to pay is based on its “fiscal capacity”—that is, its ability to raise revenue.
This year, equalization payments will total a projected $25.3 billion with all provinces except B.C., Alberta and Saskatchewan to receive some money. Whether due to higher incomes, higher employment or other factors, these three provinces have a greater ability to collect government revenue so they will not receive equalization.
However, contrary to the intent of the program, as recently as 2021, equalization program costs increased despite a decline in the fiscal capacity of oil-producing provinces such as Alberta, Saskatchewan, and Newfoundland and Labrador. In other words, the fiscal capacity gap among provinces was shrinking, yet recipient provinces still received a larger equalization payment.
Why? Because a “fixed-growth rule,” introduced by the Harper government in 2009, ensures that payments grow roughly in line with the economy—even if the gap between richer and poorer provinces shrinks. The result? Total equalization payments (before adjusting for inflation) increased by 19 per cent between 2015/16 and 2020/21 despite the gap in fiscal capacities between provinces shrinking during this time.
Moreover, the structure of the equalization program is also causing problems, even for recipient provinces, because it generates strong disincentives to natural resource development and the resulting economic growth because the program “claws back” equalization dollars when provinces raise revenue from natural resource development. Despite some changes to reduce this problem, one study estimated that a recipient province wishing to increase its natural resource revenues by a modest 10 per cent could face up to a 97 per cent claw back in equalization payments.
Put simply, provinces that generally do not receive equalization such as Alberta, B.C. and Saskatchewan have been punished for developing their resources, whereas recipient provinces such as Quebec and in the Maritimes have been rewarded for not developing theirs.
Finally, the current program design also encourages recipient provinces to maintain high personal and business income tax rates. While higher tax rates can reduce the incentive to work, invest and be productive, they also raise the national standard average tax rate, which is used in the equalization allocation formula. Therefore, provinces are incentivized to maintain high and economically damaging tax rates to maximize equalization payments.
Unless premiers push for reforms that will improve economic incentives and contain program costs, all provinces—recipient and non-recipient—will suffer the consequences.
Authors:
National
Liberals, NDP admit closed-door meetings took place in attempt to delay Canada’s next election
From LifeSiteNews
Pushing back the date would preserve the pensions of some of the MPs who could be voted out of office in October 2025.
Aides to the cabinet of Prime Minister Justin Trudeau confirmed that MPs from the Liberal and New Democratic Party (NDP) did indeed hold closed-door “briefings” to rewrite Canada’s elections laws so that they could push back the date of the next election.
The closed-door talks between the NDP and Liberals confirmed the aides included a revision that would guarantee some of its 28 MPs, including three of Trudeau’s cabinet members, would get a pension.
Allen Sutherland, who serves as the assistant cabinet secretary, testified before the House of Commons affairs committee that the changes to the Elections Act were discussed in the meetings.
“We attended a meeting where the substance of that proposal was discussed,” he said, adding that his “understanding is the briefing was primarily oral.”
According to Sutherland, as reported by Blacklock’s Reporter, it was only NDP and Liberal MPs who attended the secret meetings regarding changes to Canada’s Elections Act via Bill C-65, An Act to Amend the Canada Elections Act before the bill was introduced in March.
As reported by LifeSiteNews before, the Liberals were hoping to delay the 2025 federal election by a few days in what many see as a stunt to secure pensions for MPs who are projected to lose their seats. Approximately 80 MPs would qualify for pensions should they sit as MPs until at least October 27, 2025, which is the newly proposed election date. The election date is currently set for October 20, 2025.
Sutherland noted when asked by Conservative MP Luc Berthold that he recalled little from the meetings, but he did confirm he attended “two meetings of that kind.”
“Didn’t you find it unusual that a discussion about amending the Elections Act included only two political parties and excluded the others?” Berthold asked.
Sutherland responded, “It’s important to understand what my role was in those meetings which was simply to provide background information.”
Berthold then asked, “You nevertheless suggested amendments to the legislation including a change of dates?”
“My role was to provide information,” replied Sutherland, who added he could not provide the exact dates of the meetings.
MPs must serve at least six years to qualify for a pension that pays $77,900 a year. Should an election be called today, many MPs would fall short of reaching the six years, hence Bill C-65 was introduced by the Liberals and NDP.
The Liberals have claimed that pushing back the next election date is not over pensions but due to “trying to observe religious holidays,” as noted by Liberal MP Mark Gerretsen.
“Conservatives voted against this bill,” Berthold said, as they are “confident of winning re-election. We don’t need this change.”
Trudeau’s popularity is at a all-time low, but he has refused to step down as PM, call an early election, or even step aside as Liberal Party leader.
As for the amendments to elections laws, they come after months of polling in favour of the Conservative Party under the leadership of Pierre Poilievre.
A recent poll found that 70 percent of Canadians believe the country is “broken” as Trudeau focuses on less critical issues. Similarly, in January, most Canadians reported that they are worse off financially since Trudeau took office.
Additionally, a January poll showed that 46 percent of Canadians expressed a desire for the federal election to take place sooner rather than the latest mandated date in the fall of 2025.
-
ESG2 days ago
Can’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!
-
John Stossel2 days ago
Green Energy Needs Minerals, Yet America Blocks New Mines
-
Daily Caller2 days ago
Los Angeles Passes ‘Sanctuary City’ Ordinance In Wake Of Trump’s Deportation Plan
-
Alberta2 days ago
Province considering new Red Deer River reservoir east of Red Deer
-
Addictions2 days ago
BC Addictions Expert Questions Ties Between Safer Supply Advocates and For-Profit Companies
-
Aristotle Foundation2 days ago
Toronto cancels history, again: The irony and injustice of renaming Yonge-Dundas Square to Sankofa Square
-
conflict1 day ago
US and UK authorize missile strikes into Russia, but are we really in danger of World War III?
-
armed forces1 day ago
Judge dismisses Canadian military personnel’s lawsuit against COVID shot mandate