This paper derives estimates of the revenue costs of lifetime capital gains exemptions. Since the exemptions provided a significant stimulus to realizations of capital gains for both shares and real estate, previously published 'tax expenditure' estimates overstate the revenue cost of these...

Following the work of Ray Fair (1979), expectations terms in the FOCUS model are generated using predicted values from the model itself. Expectations are therefore "consistent" with the model struct ured. Government expenditure multipliers are compared for the standar d model and the CE version....

Overview of The Report on the Panel on the Role of Government(2004). This Report includes recommendations for a number of new spending initiatives, as well as regulatory and tax reforms. The purpose of this review is to appraise the fiscal feasibility of implementing the Panel's recommendations...

This paper begins by comparing the 1967 Smith committee’s three volume report on Ontario taxation with the 1993 report by the Ontario Fair Tax Commission. These two very different investigations of Ontario’s tax structure, produced in two very different economic and political climates,...