The 2022 Federal Budget offers some important fair tax measures advocated by Canadians for Tax Fairness, and delivered on some of the Liberals’ many fair tax promises since 2015, while falling short on key areas of taxing extreme wealth or excess corporate profits, and on addressing root causes of the housing crisis. “We are very pleased … Read more
Canadians for Tax Fairness co-published a new report, Snow-washing, Inc: How Canada is marketed abroad as a secrecy jurisdiction which finds that Canada is being marketed to transnational tax-dodgers and criminals as a great place to incorporate shell companies for tax avoidance schemes. “Tax dodgers, including Russian oligarchs linked to Vladimir Putin, know that Canada is actually weak on … Read more
Canadians for Tax Fairness published a new report which found that Canada’s corporations made enough money by 12:33am on Jan. 7 to pay all of their corporate income tax for the year 2022. “How is it fair that the average Canadian corporation only pays a week’s worth of income towards the public services we all need, when the average … Read more
The Pandora Papers show the vast scale of aggressive tax avoidance through tax havens, and the urgency of immediately dealing with a problem that costs Canadians as much as $25 billion per year, said Canadians for Tax Fairness. “It’s time for the federal government to end tax dodging through tax havens by wealthy individuals, and large corporations … Read more
The new federal Liberal minority government will have a lot of opportunity and reason to implement a number of substantial tax fairness measures with the support of two parties that hold the balance of power: the NDP and the Bloc Québécois. “While the specific measures proposed by these parties may differ, with some stronger than others, there … Read more
The federal government could generate over $90 billion in additional annual revenue without raising taxes on working or middle-class Canadians with the set of tax fairness measures included in the Platform for Tax Fairness, released by Canadians for Tax Fairness. “This platform shows that there are many ways the federal government can raise billions in additional … Read more
Fifty of Canada’s largest companies made record profits during the pandemic while many paid lower effective tax rates, many benefited from tax havens, and a handful received support through the Canada Emergency Wage Subsidy (CEWS) program, according to new research by economist D.T. Cochrane, Policy Researcher for Canadians for Tax Fairness (C4TF). “Our governments have taken on record deficits to keep Canadians … Read more
“We’re pleased that the Liberal government is taking action to level the digital playing field, close some tax loopholes and commit to a public registry of the real owners of corporations, measures that we’ve advocated for many years,” said Toby Sanger, Executive Director of Canadians for Tax Fairness, noting that the 2021 Federal Budget includes important … Read more
The Tax Justice Network published its Corporate Tax Haven Index. “Tax haven use by Canadian corporations robs our federal and provincial governments of revenues that are needed to help rebuild after the COVID-19 crisis. The government has a responsibility to do more to tackle offshore tax dodging, which has significant global costs, especially for poorer countries,” said … Read more
On International Women’s Day, Canadians for Tax Fairness is reiterating calls on the federal government to make significant investments and progressive tax reforms to promote gender equality. “Women have borne the brunt of COVID-19’s economic and social effects, from lost work to extra care burdens. To ensure a more inclusive economic recovery, this year’s federal … Read more
