Canadians for Tax Fairness welcomes the federal government’s plans in the throne speech to address extreme wealth inequality and make tax filing easier for citizens, which will help Canadians on the road to a more inclusive recovery. “Investments in green jobs and accessible childcare will help rebuild a more robust, equitable, and sustainable economy, but we can afford to … Read more
Canadians for Tax Fairness published a new report, based on new Statistics Canada foreign direct investment figures, which reveals that Canadian corporations last year increased the amount of assets they report in the top 12 tax havens by 135 per cent in the past decade and up $10 billion from 2018. “What’s even more disturbing is that … Read more
Canadians for Tax Fairness, the Broadbent Institute, Leadnow, and Resource Movement issued a joint statement: “Canada should immediately bring in legislation to tax the extremely rich as a means to not only to raise revenues, but curb worsening inequality,” they said. “Using the [Parliamentary Budget Office] data, Canadians for Tax Fairness estimates an annual net wealth … Read more
Canada can manage the $343.2-billion deficit projected in the July 8 fiscal snapshot, but it needs new progressive taxes to ensure the cost of COVID-19 is distributed fairly. “Canada’s recovery plan should ensure those who can afford to pay are contributing to it,” said Toby Sanger, economist and director of Canadians of Tax Fairness, calling … Read more
A report published by the Parliamentary Budget Officer reveals the approximately 100 billionaire families in Canada have more wealth that the bottom 40 per cent Canadian families. The top 1 per cent have over 25 per cent of net wealth, and top 0.01 per cent over 5 per cent. “Canada is one of the few major countries without … Read more
Canadians for Tax Fairness released a joint statement with several national organizations urging the federal government to introduce increased transparency measures to combat corruption and protect public funds. “Emergencies are fertile ground for corruption, fraud and misuse of public funding. While the government must remain focused on providing aid to areas in need, Canada can’t afford to cast aside … Read more
After ongoing pressure to follow France, Poland and Denmark in refusing aid to companies that use tax havens, the federal government announced that corporations convicted of tax evasion will not be eligible for federal funding through its Large Employer Emergency Financing Facility. “We’re pleased to see the government is considering some of the recommendations we’ve called for to … Read more
As France, Denmark and Poland announced they will refuse COVID-19 aid for companies using tax havens, the Canadian government must do more to ensure our public funds are not spent on tax-dodging corporations. “While we need to deliver supports to workers who have been affected, Canada should take steps to ensure federal funding doesn’t pad … Read more
Canadians for Tax Fairness is calling on federal and provincial governments to waive tax filing requirements or further extend the deadline for low income people so they can continue to receive benefits at a time when they need them most. “Low-income families, seniors, people with disabilities and many others must file their tax forms each year … Read more
The NDP and Greens are top of the class, the Liberals and the Bloc just passing and Conservatives are failing miserably, according to the Fair Tax Report Card released today by Canadians for Tax Fairness. “There’s been a flurry of tax promises this election — from cuts and credits to new proposals to tax wealth … Read more
