You can find it in the numbers.
Tracking and predicting behavior are a favorite pastime of those in the policy formation world and, often, data provides insights and guidance in crafting legislation or rules. And a set of new report from StatsCan on social and economic factors is a prime example.
One shows that in the run-up to COVID the number of people leaving the US for Canada was rising with a 15-percent increase in Canadians coming home after living in America, interesting fodder for the debate over Canada as a potential US state.
Another showed inheritances have become more significant in helping the younger generation buy a house. With rising property values in Canada, the size of inheritances rose from $67,000 to $85,000. Further, home ownership represents more than 40-percent of the average person’s net worth.
And tax policy plays a huge role in the management of small businesses which cluster at the threshold of the small business tax rate. When the rate is lifted, within a year, a new cluster is formed at the revised threshold.
