Description: Last week Globe and Mail political writer Jeffrey Simpson had a tersely worded warning for one Canadian province: “New Brunswick is flat on its fiscal back.” The article noted that New Brunswick is “the worst case in Canada” in terms of fiscal problems. One issue seems to be a reluctance to raise the harmonized sales tax because of a fear of political fallout.
Date: April 10, 2015
1) Do you agree with Mr. Simpson’s assessment?
2) If you were the Finance Minister of New Brunswick, what steps would you take to improve the situation?
3) What role can professional accountants play in addressing these important public finance issues?