Curious Cottage Competition

The Chronicle Herald published a report on Nova Scotia’s black-market cottage industry this morning, revealing that unlicensed, untaxed competition is forcing some landlords out of business. Interestingly, there is a subtext to the article: government policy has the potential to suppress otherwise healthy economic activity. “Steven Hebb, general manager of Prince’s Inlet Retreat in Martin’s Brook, said there…

To Index, or not to Index, That is the Question!

In Nova Scotia, the provincial government indexes the minimum hourly rate to inflation, which allows those earning it to retain their purchasing power. The issue with this approach is it places the onus on firms to solve a political problem: whereas the government is concerned with ensuring all Canadians can afford necessities, the “bottom line”…