Tax Index 2021: Line by line break-up of who’s paying and dodging taxes

Wednesday, March 24th, 2021

Canada’s top 20 billionaires made $37 billion during the pandemic, while thousands lost jobs and took pay cuts… Canada’s income gap is at its widest since the 1980s and upward income mobility has significantly reduced for most of us… A 1% tax on wealth over $20 million would raise $10 billion in the first year alone.

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Posted in Governance Policy Context | No Comments »

Organizations call for wealth tax to bolster Canada’s recovery

Saturday, July 11th, 2020

Canadians for Tax Fairness estimates an annual net wealth tax at modest rates of 1% and 2% on fortunes of over $10 million could raise over  $10 billion annually.  That amount of money could fund 100,000 nurses or more than four-million affordable childcare spaces. A more ambitious wealth tax –complemented by other tax fairness measures such as closing unfair loopholes and cracking down on tax havens– could do even more.

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Posted in Equality Debates | No Comments »