Posts Tagged ‘tax’
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Don’t Blame Carbon Pricing for Affordability Challenges
Monday, January 1st, 2024
With the latest data, we find that the gradually increasing indirect taxes, including carbon taxes, have caused overall consumer prices to be only 0.6 per cent higher in October 2023 than they were in January 2015… The effect of carbon pricing on rising food prices is even smaller, accounting for the indirect effects of carbon taxes… Carbon pricing is definitively not to blame for affordability challenges.
Tags: economy, jurisdiction, standard of living, tax
Posted in Debates | No Comments »
Time to hit the rich with a wealth tax
Thursday, November 30th, 2023
… in their budget last March, the Liberals proclaimed they were “ensuring the wealthiest Canadians pay their fair share,” as they brought in income tax changes that will raise another $525 million a year from high-income earners. But these changes will have little impact on the wealthiest Canadians, who are largely able to avoid income taxes. To tax the truly wealthy – and only them — a wealth tax is far more effective… A wealth tax would apply exclusively to those with net assets of more than $10 million…
Tags: economy, ideology, tax
Posted in Equality Debates | No Comments »
Canada poised to create public company registry to curb financial secrecy
Monday, November 20th, 2023
The new registry will require companies to publicly disclose beneficial ownership information of federally registered companies — a move experts say will help expose criminals and tax cheats who anonymously create companies or purchase property… Panama Papers dataset, revealed how Canada had emerged as a popular tax haven, touted by corporate service providers as a “reputable” destination to hide wealth.
Tags: economy, globalization, jurisdiction, rights, tax
Posted in Policy Context | No Comments »
Seeking common ground at the Thanksgiving table
Friday, October 6th, 2023
We need to understand that the anger that folks are feeling… is based on real issues – even if the target of that anger is, to put it charitably, misplaced. That misdirection is often fed by politicians, capitalists, and the well-funded propagandists whose job is to keep the working majority squabbling amongst ourselves… we also have a responsibility to try to move the needle a little bit towards justice.
Tags: economy, featured, Health, housing, immigration, tax
Posted in Governance Debates | No Comments »
Pierre Poilievre: Same old guy, same old policies
Thursday, September 14th, 2023
Despite all the hype about his image makeover and how he’s a changed man… he continues to fuel the rage and hate that resides in many of his hard-line followers who despise Trudeau, the federal government and, in many cases, anything that they believe restricts their “freedom.” … his lack of policy specifics to date on key issues facing Canada is stunning.
Tags: economy, Health, ideology, privatization, standard of living, tax
Posted in Governance Debates | No Comments »
How to Defeat Poilievre’s Politics of Abandonment
Thursday, September 14th, 2023
For Poilievre freedom itself is conceived in opposition to government… The profit motive is what drives efficiency, no matter what “good” is being considered. Privatization then — whether in health or seniors care, housing, child care or transit — is the solution to the rising costs of living. The individual trumps the collective, competition trumps co-operation, private interests are king. Never mind that unregulated capitalism traps many in lives robbed of freedoms from want and drudgery.
Tags: economy, featured, ideology, tax
Posted in Governance Debates | No Comments »
To fix Canada’s health care, a hard economic truth must be acknowledged
Tuesday, August 29th, 2023
… a) when public health care was first rolled out, there were limited complex interventions available; b) what could be done was relatively inexpensive; and c) given shorter lifespans, there was simply less time for a patient to require the higher-cost care commensurate with advanced age. In that context, funding health care out of general tax revenues has become increasingly hard – and will eventually be unsustainable.
Tags: budget, economy, Health, ideology, standard of living, tax
Posted in Health Debates | No Comments »
Alternative Federal Budget 2024 – Building Momentum: A budget for now and the future
Monday, August 28th, 2023
The AFB will tax extreme wealth by introducing a progressive wealth tax… restore the corporate income tax rate… to 20 per cent… [and] implement a windfall profits tax… Canadians really can have nice things – if we make our tax system more progressive and make smart investments in public services, income supports, and social and physical infrastructure.
Tags: child care, featured, Health, housing, ideology, participation, poverty, standard of living, tax
Posted in Equality Debates, Governance Debates | No Comments »
Why we need to rewrite the script on corporate taxes
Wednesday, June 7th, 2023
Canada’s tax-and-transfer system, which relies on taxing income and providing Employment Insurance and other benefits, isn’t reducing inequality as much as it did before the mid-‘90s. Specifically, despite increases in worker productivity, average real wages have stagnated while corporate profits have skyrocketed. This inequality manifests through middle-class household debt and significant personal savings of CEOs.
Tags: economy, ideology, participation, standard of living, tax
Posted in Debates | No Comments »
Federal budget 2022: Highest-earning Canadians face minimum tax rate increase
Friday, March 31st, 2023
Ottawa is raising the alternative minimum tax rate and imposing new limits on many of the exemptions, deductions and credits that apply under the system starting in 2024… it is increasing the alternative minimum rate to 20.5 per cent from 15 per cent starting in 2024… Wealthy Canadians pay the alternative minimum or regular tax, whichever is higher… about 32,000 Canadians will be covered by alternative minimum tax in 2024
Tags: budget, featured, ideology, standard of living, tax
Posted in Governance Policy Context | No Comments »
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