• Canadian tax hypocrisy that favours the rich must end: Broadbent

    Tax avoidance and evasion by the rich ultimately undermines democracy: it starves social programs and public services, increases after tax income and wealth inequality, and further concentrates economic resources in the hands of a few… Ordinary Canadians have a right to be angry that the very rich are being pampered by our political elites. The response should be broad-based, progressive tax reform to make the system much fairer and more transparent.

  • Offshore tax havens are harmful to all Canadians

    … our federal leaders are so beholden to Canada’s richest men — their chief fundraisers — that substantive crackdowns on these schemes are being prorogued. These tax evasions are a spit in the eye to the Liberals’ fabled “middle class,” let alone to the 12 million Canadians who collectively own less than our richest 100 families… It seems that democracy is on sale. The rich families finance politicians to fight elections and, as a quid pro quo, politicians protect their wealth through favourable legislation.

  • How will governments solve the tax haven riddle?

    The entry price for these offshore structures means that they’re beyond the reach of everyone except those whom the industry refers to as UHNWIs — ultra high net worth individuals. In fact, the majority of wealth in tax havens belongs to those worth more than $50 million. These legal offshore tax shelters reserved for the elite create a two-tiered tax system — where the wealthy stockpile their cash tax free and everyone else pays to make up for it.

  • Bernie Sanders lauds Canadian health-care system in Toronto speech

    “if you want to expand and protect health care or education, there are people out there in every country in the world who think it is more important to give tax breaks to the richest people … what we need to do is take those oligarchs on.” … What went mostly unsaid during Mr. Sanders’s speech is that while Canada’s health-care system can look great compared with that of the United States, it can still fare poorly next to comparable countries.

  • Should doctors be paid a salary?

    Private, fee-for-service practice does not reflect the needs of a modern health-care system, which requires team-based care that focuses on patient outcomes, not piecemeal work. It also does not make financial sense to physicians anymore, who have no access to benefits, such as vacation, parental leave or pensions, and due to both price regulation and prohibition of private care, can neither adjust prices nor find alternative sources of revenue to cover increasing practice costs… it’s a failing business model.

  • New Health Minister Petitpas Taylor defends tax changes under fire from doctors

    … she was the parliamentary secretary to Finance Minister Bill Morneau before she was given a ministry of her own, and has spent much time working on the tax file… now, her most pressing job may be to calm the doctors. When the proposed tax changes are fully explained, they are understood, she said. But “if there are unique situations that [doctors and others] are faced with, we want to make sure that we hear from them and that we get this right.”

  • Fair Tax System Down the Drain if Loopholes Aren’t Closed

    The tax benefits are significant, and the higher your income the more you benefit. First, there’s income sprinkling. The finance department presentation on the loopholes uses the example of two neighbours, both high-income earners collecting $220,000 a year. One, an employee, would pay $79,000 in income taxes. But the other, who had set up a personal corporation, could split the income with adult family members… The result would be a $44,000 tax bill

  • Prescriptions shouldn’t push brand name drugs

    … thousands of Canadian doctors use the software to take notes during patient visits and create a prescription to be filled by the patient’s pharmacy. To encourage pharmacists to fill the prescription with their brand name drug, pharmaceutical companies have paid Telus (the company won’t say how much) to digitally insert vouchers on the prescription so that pharmacists will reach for their drug rather than a lower-cost generic made by a competitor.

  • Killing the entrepreneurial spirit

    “The government’s proposals eliminate many of the bona-fide tax planning strategies that currently reward the business owner for risking his/her capital, for creating thousands of jobs across Canada and for contributing to Canada’s social security safety net, which is generally accessed by the middle and lower class. “The government’s actions will increase the overall tax burden for hard-working business owners and their private corporations and may create a disincentive for those who are considering pursuing their innovative and entrepreneurial spirit in Canada.”

  • Time for full transparency on pharmaceutical money

    Industry funds physician education and helps create free medical textbooks that favour corporate products. These subtle forms of pay-for-play fill out industry’s marketing strategy that includes free lunches for residents and the funding of patient advocacy groups that lobby governments for drug and device approval and funding… transparency helps disentangle fraud from responsible corporate citizenship.