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HomePolicy Articles Article Summary

Building Prosperity in a Canada Strong and Free

Report by Mike Harris, Preston Manning

This is the fourth part of former Ontario Premier Mike Harris and former Reform leader Preston Manning’s vision for a stronger Canada. In this report, Harris and Manning discuss optimizing the size of government, reducing taxation, and eliminating inter-provincial trade barriers and excessive regulation.

Harris and Manning suggest that federal spending between 20 to 35 percent of GDP would be optimal for an economy the size of Canada’s. A reasonable target, they suggest, is 33 percent; they propose measures to achieve that level within six years. One measure entails that all levels of government restrain spending to 0.9 percent per year for five years. The authors also advocate providing tax relief to businesses as well as a single-rate personal income tax. Harris and Manning make recommendations for savings and investment taxes that include eliminating both capital gains taxes and contribution limits for RRSPs and RPPs.

Interprovincial trade barriers hinder Canada’s prosperity, Harris and Manning suggest. They provide several recommendations to facilitate trade and subsequently spur economic growth. The authors also argue that excessive regulations adversely affect businesses and individuals. Harris and Manning recommend a fundamental change to the way Canada introduces, manages, and reforms regulations that would revolutionize Canada’s regulatory structure and eliminate unnecessary regulations. Using relevant research, the authors provide detailed explanations about how their proposals will improve Canada’s prosperity and quality of life for its citizens.

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Policy Publication Details

Author(s): Mike Harris; Preston Manning;
Publisher: Montreal Economic Institute [ Visit Website ]
Year Published: 2006; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: National;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF, Hard Copy

Subjects / Categories:

Policy Articles / Fiscal & Budgetary / Tax Policy
Policy Articles / Fiscal & Budgetary / Fiscal Federalism
Policy Articles / Monetary & Capital Management / Monetary Policy
Policy Articles / Economy / Federal Economy
Policy Articles / Economy
Policy Articles / Fiscal & Budgetary
Policy Articles / Monetary & Capital Management
Policy Articles / Economy / Federal Economy / 2006
Policy Articles / Fiscal & Budgetary / Fiscal Federalism / 2006
Policy Articles / Fiscal & Budgetary / Tax Policy / 2006
Policy Articles / Monetary & Capital Management / Monetary Policy / 2006

Keywords / Tags:

taxation; interprovincial trade barriers; regulation; federal spending; economy; trade; ;