By Emily Senger - Wednesday, January 30, 2013 - 0 Comments
An exclusive offer to see an Ottawa celebrity
Finance Minister Jim Flaherty may have taken fiscal responsibility in the federal government to a whole new level by partnering with American Express in a deal that allows credit-card holders a chance to buy tickets to one of his upcoming speaking engagements before anyone else.
American Express issued a press release Wednesday morning with the subject line: “The Honourable James M. Flaherty via Front Of The Line,” which announces that anyone with an American Express card can buy tickets to Flaherty’s Feb. 6 speaking event as of 10 a.m. on Wednesday morning “before the general public.”
While Flaherty might be a type of celebrity, at least in Ottawa, the deal seems to be a bit out of line with other American Express Front-of-the-Line deals, which include tickets to The New Kids on the Block, The Wizard of Oz and Bill Maher.
Also, the front-of-the-line deal doesn’t seem all that exclusive. Tickets to see Flaherty are available on the website for The Economic Club of Canada, which is hosting the event.
However Flaherty fans buy their tickets, they still have to pay. The lunch at The Westin costs $79, plus HST.
By The Canadian Press - Friday, January 18, 2013 at 10:04 AM - 0 Comments
OTTAWA – The federal ethics commissioner says Finance Minister Jim Flaherty broke the rules…
OTTAWA – The federal ethics commissioner says Finance Minister Jim Flaherty broke the rules by supporting the radio licence application of a company in his riding.
Mary Dawson has ordered Flaherty to refrain from writing such letters without first seeking permission from her office.
Flaherty and the Prime Minister’s Office had argued that the veteran cabinet member was merely helping a firm in his riding, as any MP should, by sending the letter of support for Durham Radio Inc. to the Canadian Radio-television and Telecommunications Commission.
In her order made public Friday, Dawson said Flaherty violated the Conflict of Interest Act as well as federal accountability guidelines for ministers.
“It is improper for you, as Minister of Finance and Minister responsible for the Greater Toronto Area, to have written a letter of support on behalf of a constituent to an administrative tribunal in relation to its decision making,” Dawson wrote in the order. Continue…
By The Canadian Press - Monday, December 17, 2012 at 4:26 PM - 0 Comments
OTTAWA – There still isn’t enough support from the provinces to expand the Canada…
OTTAWA – There still isn’t enough support from the provinces to expand the Canada Pension Plan, but Finance Minister Jim Flaherty says there’s hope of “a way forward” provided the economy continues to grow.
Flaherty, who spent the day meeting with his provincial counterparts, says they agreed to establish a set of economic “triggers” based on GDP and job growth that would allow the pension plan to expand without endangering the economy.
“There’s no consensus on CPP expansion at this time,” Flaherty said. Continue…
By The Canadian Press - Monday, November 26, 2012 at 10:28 AM - 0 Comments
OTTAWA – Ottawa says Canadians will be able to be able to contribute an…
OTTAWA – Ottawa says Canadians will be able to be able to contribute an additional $500 a year on their Tax Free Savings Accounts starting Jan. 1.
That means Canadians can put in $5,500 a year, with any investment income earned not subject to taxation while it remains in the TFSA.
When the TFSAs were created in 2009, the government said it would index the contribution limit to inflation in $500 increments.
The Jan. 1 increase will be the first adjustment in the contribution limit.
The government says about 8.2 million Canadians have opened a tax-free account.
It says 2.5 million Canadians contributed the maximum $5,000 amount last year.
By Aaron Wherry - Tuesday, October 23, 2012 at 11:32 AM - 0 Comments
While Finance Canada prepared a draft report in 2007 on the long-term fiscal sustainability analyses that the government committed to issuing that year, the analyses were not published; nor has any report on long-term fiscal sustainability been published since then. While long-term fiscal sustainability analyses have been regularly prepared since 2010, they have not been made public. This lack of reporting means that parliamentarians and Canadians do not have all the relevant information to understand the long-term impact of budgets on the federal, provincial, and territorial governments in order to support public debate and to hold the government to account. Many of the countries that are members of the Organisation for Economic Co-operation and Development (OECD) already publish reports on their long-term fiscal positions.