Canadians for Tax Fairness executive director Jared A. Walker issued a statement: “Instead of addressing the price gouging that is at the root of the affordability crisis, the federal government’s gas tax cut rewards bad behaviour from Big Oil—and drains desperately needed public revenue to do it. This gas tax cut empowers oil and gas corporations … Read more
Canadians for Tax Fairness (CTF) says Budget 2025 worsens inequality by delivering tax breaks to wealthy individuals and corporations while slashing public services that support everyday Canadians. “Mr. Carney’s [sic] first budget is the worst of both worlds, continuing the decades-long wealth transfer to the top one per cent from the rest of us,” said CTF Executive … Read more
Canadians for Tax Fairness applauds Prime Minister Mark Carney (Nepean, Ont.) and Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) for holding their ground on the digital services tax. Successful efforts to implement a tax on digital revenues in Canada went into effect in 2024 after waiting several years on a stalled international … Read more
According to Canadians for Tax Fairness (C4TF), while a GST holiday provides “some welcome short-term relief to struggling Canadians, the tax break could create more hardship if it is not funded by taxing extreme corporate wealth.” C4TF Executive Director Katrina Miller stated, “A straightforward excess profits tax across all sectors would bring in billions, providing funding for much-needed … Read more
Canadians for Tax Fairness (C4TF) released a report highlighting the role that tax breaks in the finance and real estate sectors play in deepening the housing affordability crisis. C4TF stated that the report, titled How Tax Breaks are Worsening Canada’s Housing Affordability Crisis, exposes “how preferential tax treatments are driving the financialization of housing and pushing rents to … Read more
Canadians for Tax Fairness welcomes the government’s motion to introduce changes to the taxation of capital gains, noting that many economists and civil society organizations have been calling for the closure of the capital gains tax loophole for over a decade. “The tax break on capital gains is grossly unfair for a vast majority of … Read more
Canadians for Tax Fairness released a report entitled Productivity and capital gains inclusion rates. They argue that Despite what economists, lobbyists, and corporate executives, changes to the tax increase on capital income won’t hurt productivity growth in Canada. The report is available online. Contact erica.shiner@taxfairness.ca.
Budget 2024 breaks new ground on tax fairness by partially closing the capital gains tax loophole for wealthy individuals and corporations. “We have been calling on the government to fix the unfair tax break on capital gains for a decade,” said Katrina Miller, executive director of Canadians for Tax Fairness. “Today we are pleased to see them take … Read more
United States President Joe Biden announced a broad suite of progressive tax measures to create affordability for students, working families, and the most vulnerable Americans. A comparison between some of Biden’s most recent proposals and Canada’s federal tax system shows that our federal government is falling behind in taxing large corporations and the very wealthy … Read more
Canadians for Tax Fairness is calling on the federal government to provide a clear date for introducing Canada’s long-overdue digital tax. “The absence of a firm deadline in the Fall Economic Statement for imposing the digital tax is terribly troubling,” said Katrina Miller, executive director of Canadians for Tax Fairness. The Nov. 21 fall economic statement … Read more
